Earnings Call
09-22-2020, 06:02 PM
#41
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Thread Starter
Joined APC: Jun 2018
Posts: 1,838
Originally Posted by Stan446
We'll get fd, by guys like you and your Union leadership. Say it ain't so? 25yrs of being here. The inherent greed of our pilot group. Great guys to fly with, greediest bastards I've ever known. We'll get status qou
09-24-2020, 09:07 AM
#42
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Joined APC: Apr 2013
Posts: 1,622
Originally Posted by Noworkallplay
Yeh you have really gotten fd these last 25 years haha. You have got to be kidding me. Name what other place you could have been hired at 25 years ago to fly airplanes and be better off today. Get a grip. Saying we need gains in areas is one thing but acting like an absolute brat throwing a fit like a millennial is another. You have had a good last 25 years by the way.
We had momentum and leverage. We lost it due to a crappy divided MEC and people pushing their own fixes through their union buds.
09-24-2020, 10:08 AM
#43
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Thread Starter
Joined APC: Jun 2018
Posts: 1,838
Originally Posted by PurpleToolBox
Seriously, you need to be listening instead of commenting. You came here from another place because you wanted something better. Well since I've been here, we've lost and gave up a lot. And we keep losing because people like Kronan and his union buddies who screwed us over. He's still here trying to sell us the turd that is C2015. Oh, but we had gains! Yes, we fixed some little things with bidding that Kronan personally saw fixed. But, as a group, we gave some of the biggest givebacks we ever could have with C2015.
We had momentum and leverage. We lost it due to a crappy divided MEC and people pushing their own fixes through their union buds.
We had momentum and leverage. We lost it due to a crappy divided MEC and people pushing their own fixes through their union buds.
You are creating divides with your rhetoric. If someone doesn't agree with you they are a union crook. If someone points out the gains they are blind.
09-24-2020, 10:10 AM
#44
Gets Weekends Off
Joined APC: Nov 2005
Position: 757 Capt
Posts: 2,418
Originally Posted by Stan446
We'll get fd, by guys like you and your Union leadership. Say it ain't so? 25yrs of being here. The inherent greed of our pilot group. Great guys to fly with, greediest bastards I've ever known. We'll get status qou
(It sucked that there were only 1559 pilots who weren't Union Leaders)
It's always soo interesting to read that we would've had Huuuugee gains if only we'd voted the TA down. That we wouldn't have been stuck with the status quo of 3%, 3%, 3%, 4%, 3% pay raises. We should've been more like UPS who achieved A Huge Improvement in the FDA to get their Capt's Pension up to $104k and their generous pay raises of 3%, 3%, 3%, 3%. Or like Delta, who sent their TA back to avoid changes in Profit sharing and gained longevity raises of 3%, 3%. Or like SWA, with longevity raises of 3%, 3%, 3%.
See, if we'd kicked the TA back. All of the people who sit on the sidelines would've gotten involved. Our Union Leadership would've totally changed hands, and our A plan would've been modified to provide the DB Pension limit, with an Annual Adjustment to boot. (For 2020 it's would've been a $230,000 Pension, something FedEx can Easily afford. Just ask FastBurner)
Pay Raises wouldn't have been set as actual numbers, but tied to whatever the industry leading pay is plus a nickel.
Sub would've been totally gone.
And Advance Notice SL buyback would've earned you 100% If you retired prior to 65.
As absolutely everyone who posts here on Angry Pilots knows, there wasn't a single improvement in TA2015. And if only we'd had fewer Union Volunteers we would've had a 12% Cash over Cap B plan as well as an extra $100k in the A plan.
09-24-2020, 10:25 AM
#45
Banned
Thread Starter
Joined APC: Jun 2018
Posts: 1,838
Originally Posted by kronan
Yep, me and all the other 2097 Union Leaders.
(It sucked that there were only 1559 pilots who weren't Union Leaders)
It's always soo interesting to read that we would've had Huuuugee gains if only we'd voted the TA down. That we wouldn't have been stuck with the status quo of 3%, 3%, 3%, 4%, 3% pay raises. We should've been more like UPS who achieved A Huge Improvement in the FDA to get their Capt's Pension up to $104k and their generous pay raises of 3%, 3%, 3%, 3%. Or like Delta, who sent their TA back to avoid changes in Profit sharing and gained longevity raises of 3%, 3%. Or like SWA, with longevity raises of 3%, 3%, 3%.
See, if we'd kicked the TA back. All of the people who sit on the sidelines would've gotten involved. Our Union Leadership would've totally changed hands, and our A plan would've been modified to provide the DB Pension limit, with an Annual Adjustment to boot. (For 2020 it's would've been a $230,000 Pension, something FedEx can Easily afford. Just ask FastBurner)
Pay Raises wouldn't have been set as actual numbers, but tied to whatever the industry leading pay is plus a nickel.
Sub would've been totally gone.
And Advance Notice SL buyback would've earned you 100% If you retired prior to 65.
As absolutely everyone who posts here on Angry Pilots knows, there wasn't a single improvement in TA2015. And if only we'd had fewer Union Volunteers we would've had a 12% Cash over Cap B plan as well as an extra $100k in the A plan.
(It sucked that there were only 1559 pilots who weren't Union Leaders)
It's always soo interesting to read that we would've had Huuuugee gains if only we'd voted the TA down. That we wouldn't have been stuck with the status quo of 3%, 3%, 3%, 4%, 3% pay raises. We should've been more like UPS who achieved A Huge Improvement in the FDA to get their Capt's Pension up to $104k and their generous pay raises of 3%, 3%, 3%, 3%. Or like Delta, who sent their TA back to avoid changes in Profit sharing and gained longevity raises of 3%, 3%. Or like SWA, with longevity raises of 3%, 3%, 3%.
See, if we'd kicked the TA back. All of the people who sit on the sidelines would've gotten involved. Our Union Leadership would've totally changed hands, and our A plan would've been modified to provide the DB Pension limit, with an Annual Adjustment to boot. (For 2020 it's would've been a $230,000 Pension, something FedEx can Easily afford. Just ask FastBurner)
Pay Raises wouldn't have been set as actual numbers, but tied to whatever the industry leading pay is plus a nickel.
Sub would've been totally gone.
And Advance Notice SL buyback would've earned you 100% If you retired prior to 65.
As absolutely everyone who posts here on Angry Pilots knows, there wasn't a single improvement in TA2015. And if only we'd had fewer Union Volunteers we would've had a 12% Cash over Cap B plan as well as an extra $100k in the A plan.
Thanks for using facts sir. Regardless of the angry few I appreciate your factual information.
09-25-2020, 06:28 AM
#46
Gets Weekends Off
Joined APC: Jul 2009
Posts: 1,224
Originally Posted by kronan
Yep, me and all the other 2097 Union Leaders.
(It sucked that there were only 1559 pilots who weren't Union Leaders)
It's always soo interesting to read that we would've had Huuuugee gains if only we'd voted the TA down. That we wouldn't have been stuck with the status quo of 3%, 3%, 3%, 4%, 3% pay raises. We should've been more like UPS who achieved A Huge Improvement in the FDA to get their Capt's Pension up to $104k and their generous pay raises of 3%, 3%, 3%, 3%. Or like Delta, who sent their TA back to avoid changes in Profit sharing and gained longevity raises of 3%, 3%. Or like SWA, with longevity raises of 3%, 3%, 3%.
See, if we'd kicked the TA back. All of the people who sit on the sidelines would've gotten involved. Our Union Leadership would've totally changed hands, and our A plan would've been modified to provide the DB Pension limit, with an Annual Adjustment to boot. (For 2020 it's would've been a $230,000 Pension, something FedEx can Easily afford. Just ask FastBurner)
Pay Raises wouldn't have been set as actual numbers, but tied to whatever the industry leading pay is plus a nickel.
Sub would've been totally gone.
And Advance Notice SL buyback would've earned you 100% If you retired prior to 65.
As absolutely everyone who posts here on Angry Pilots knows, there wasn't a single improvement in TA2015. And if only we'd had fewer Union Volunteers we would've had a 12% Cash over Cap B plan as well as an extra $100k in the A plan.
(It sucked that there were only 1559 pilots who weren't Union Leaders)
It's always soo interesting to read that we would've had Huuuugee gains if only we'd voted the TA down. That we wouldn't have been stuck with the status quo of 3%, 3%, 3%, 4%, 3% pay raises. We should've been more like UPS who achieved A Huge Improvement in the FDA to get their Capt's Pension up to $104k and their generous pay raises of 3%, 3%, 3%, 3%. Or like Delta, who sent their TA back to avoid changes in Profit sharing and gained longevity raises of 3%, 3%. Or like SWA, with longevity raises of 3%, 3%, 3%.
See, if we'd kicked the TA back. All of the people who sit on the sidelines would've gotten involved. Our Union Leadership would've totally changed hands, and our A plan would've been modified to provide the DB Pension limit, with an Annual Adjustment to boot. (For 2020 it's would've been a $230,000 Pension, something FedEx can Easily afford. Just ask FastBurner)
Pay Raises wouldn't have been set as actual numbers, but tied to whatever the industry leading pay is plus a nickel.
Sub would've been totally gone.
And Advance Notice SL buyback would've earned you 100% If you retired prior to 65.
As absolutely everyone who posts here on Angry Pilots knows, there wasn't a single improvement in TA2015. And if only we'd had fewer Union Volunteers we would've had a 12% Cash over Cap B plan as well as an extra $100k in the A plan.
09-25-2020, 05:43 PM
#47
Banned
Thread Starter
Joined APC: Jun 2018
Posts: 1,838
Originally Posted by golfandfly
So are you happy with the 2015 CBA? While it did pass, I’d say many regret that decision and see it for the turd that it is.
Repeat after me “I was wrong and I acknowledge that”
That turd contract is still top 2 in the industry even after numerous others “pattern bargained” one round off of it. Im sure thousands are begging to work under this turd contract.
Might be time for you to just go do some golfing sir
12-16-2021, 03:32 PM
#48
Gets Weekends Off
Joined APC: Oct 2015
Posts: 752
16DEC21 Earnings Call
“The FedEx Corp. Board of Directors has authorized a new $5 billion share repurchase program. The new program is in addition to the share repurchase program announced in 2016 authorizing the repurchase of up to 25 million shares, of which 2.3 million shares remain available for repurchase.
As part of the share repurchase programs, the company intends to enter into a $1.5 billion accelerated share repurchase program (ASR). Approximately 80% of the shares to be repurchased under the ASR will be received by FedEx at the ASR agreement’s inception. The final number of shares to be repurchased under the ASR will be based on a discount to the average of the daily volume-weighted average stock prices for Rule 10b-18 eligible transactions in FedEx’s common stock during the term of the ASR. Purchases under the ASR are expected to be completed prior to the end of FedEx’s current fiscal year. FedEx may continue to repurchase shares in the open market from time to time subject to market and other conditions.”
Apparently there is some discretionary money floating around. I could think of a couple places to put it.
Revenue - $23.5B
Operating Income - $1.6B
As part of the share repurchase programs, the company intends to enter into a $1.5 billion accelerated share repurchase program (ASR). Approximately 80% of the shares to be repurchased under the ASR will be received by FedEx at the ASR agreement’s inception. The final number of shares to be repurchased under the ASR will be based on a discount to the average of the daily volume-weighted average stock prices for Rule 10b-18 eligible transactions in FedEx’s common stock during the term of the ASR. Purchases under the ASR are expected to be completed prior to the end of FedEx’s current fiscal year. FedEx may continue to repurchase shares in the open market from time to time subject to market and other conditions.”
Apparently there is some discretionary money floating around. I could think of a couple places to put it.
Revenue - $23.5B
Operating Income - $1.6B
12-17-2021, 09:32 AM
#49
Gets Weekends Off
Joined APC: Apr 2013
Posts: 1,622
Originally Posted by Noworkallplay
That was big. Looks like the next 1-3 years will see huge growth per earnings call. They (CEO Level) are calling it "The new normal".
The devil is in the details.
FEDEX EXPRESS
PACKAGE VOLUMES: (3 Month Trend)
While there are some increases, look at the decreases:
US Deferred -4%
Total US Package -1%
International Economy -2%
International Domestic -19%
TOTAL AVERAGE DAILY PACKAGES -6%
TOTAL FREIGHT: (3 Month Trend)
Average Daily Freight Pounds:
US -9%
International Economy -4%
International Airfreight -23%
TOTAL AVERAGE DAILY FREIGHT POUNDS -3%
FedEx Express is down 6% in packages and 3% in freight pounds over the past 3-months. The 6-month trends are similar. They increased revenues on moving less by raising prices.
FedEx Ground segment saw a 25% reduction of Economy Freight. FedEx Freight segment continues to be the shining star for the corporation and is killing it.
Yes, the sky isn’t falling but the yields are down once again. That is the problem. Our growth!and dominance isn’t solving the falling yields. Why?
Amazon now shipping more packages in the USA than FedEx or UPS. Amazon is now shipping for other websites and companies — even ones that are competitors. They’ve opened up their super hub in CVG.
They have freight software programs written specifically to optimize empty space (on planes and their LTL trucks) and to sell the open space to offset their Webpage shipping costs. They also have AWS on the balance sheet to allow them to undercut everyone in logistics or their other businesses. Amazon is targeting FedEx/UPS customers specifically showing customers how Amazon can ship for less. And while FedEx/UPS have stringent pickup and delivery times, Amazon is flexing to the needs of the customer. This is a gigantic problem.
FedEx this week announced an expanded sort facility in Miami. From pictures I’ve seen it looks like the same old manual sorts with big conveyer belts requiring lots of workers. Meanwhile everything Amazon builds is state of the art.
I just don’t see how you compete against Amazon unless they’re broken up and they can’t use their very profitable AWS to undercut every other industry they get into.
Go on, bring the hate. I know many will shoot the messenger.
12-17-2021, 09:42 AM
#50
Gets Weekends Off
Joined APC: Jun 2007
Position: Legacy FO
Posts: 4,096
Originally Posted by kronan
Yep, me and all the other 2097 Union Leaders.
(It sucked that there were only 1559 pilots who weren't Union Leaders)
It's always soo interesting to read that we would've had Huuuugee gains if only we'd voted the TA down. That we wouldn't have been stuck with the status quo of 3%, 3%, 3%, 4%, 3% pay raises. We should've been more like UPS who achieved A Huge Improvement in the FDA to get their Capt's Pension up to $104k and their generous pay raises of 3%, 3%, 3%, 3%. Or like Delta, who sent their TA back to avoid changes in Profit sharing and gained longevity raises of 3%, 3%. Or like SWA, with longevity raises of 3%, 3%, 3%.
See, if we'd kicked the TA back. All of the people who sit on the sidelines would've gotten involved. Our Union Leadership would've totally changed hands, and our A plan would've been modified to provide the DB Pension limit, with an Annual Adjustment to boot. (For 2020 it's would've been a $230,000 Pension, something FedEx can Easily afford. Just ask FastBurner)
Pay Raises wouldn't have been set as actual numbers, but tied to whatever the industry leading pay is plus a nickel.
Sub would've been totally gone.
And Advance Notice SL buyback would've earned you 100% If you retired prior to 65.
As absolutely everyone who posts here on Angry Pilots knows, there wasn't a single improvement in TA2015. And if only we'd had fewer Union Volunteers we would've had a 12% Cash over Cap B plan as well as an extra $100k in the A plan.
(It sucked that there were only 1559 pilots who weren't Union Leaders)
It's always soo interesting to read that we would've had Huuuugee gains if only we'd voted the TA down. That we wouldn't have been stuck with the status quo of 3%, 3%, 3%, 4%, 3% pay raises. We should've been more like UPS who achieved A Huge Improvement in the FDA to get their Capt's Pension up to $104k and their generous pay raises of 3%, 3%, 3%, 3%. Or like Delta, who sent their TA back to avoid changes in Profit sharing and gained longevity raises of 3%, 3%. Or like SWA, with longevity raises of 3%, 3%, 3%.
See, if we'd kicked the TA back. All of the people who sit on the sidelines would've gotten involved. Our Union Leadership would've totally changed hands, and our A plan would've been modified to provide the DB Pension limit, with an Annual Adjustment to boot. (For 2020 it's would've been a $230,000 Pension, something FedEx can Easily afford. Just ask FastBurner)
Pay Raises wouldn't have been set as actual numbers, but tied to whatever the industry leading pay is plus a nickel.
Sub would've been totally gone.
And Advance Notice SL buyback would've earned you 100% If you retired prior to 65.
As absolutely everyone who posts here on Angry Pilots knows, there wasn't a single improvement in TA2015. And if only we'd had fewer Union Volunteers we would've had a 12% Cash over Cap B plan as well as an extra $100k in the A plan.
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