Both can be true. Management has made some significant mistakes lately. Why do you think there's a big push to get our yields close to UPS and DHL's and merge all three companies?

FedEx just announced 29 Freight locations closing today. This is just the beginning. It is going to be a long 4-5 years for those at the bottom.

 

I dont think there is currently an existential threat to FedEx’s survival(besides management). If there was, we wouldn’t be buying back all this stock and paying higher dividends. By competing, I think the true meaning is competing for the most profitable and highest share price possible partly due to outsourcing high cost labor. When said labor is outsourced, we will either need less pilots(didn’t preserve jobs), or will shrink due to attrition(No growth for new guys).

I get that we can’t reopen scope at this point in negotiations, and that our original priorities are being negotiated for. But this isn’t April of 2021 anymore. If they get a TA and it doesn’t pass, we need to re evaluate our priorities as a whole. Ive got 20 years left, I can wait a couple more if it means a more secure future. It really is a shame that like PM said, every month people are retiring with no pension increase. I really mean that. But, 56% of those people that retire every month voted yes in 2015 to a contract that didn’t raise then pension when they had a chance to.

 

Your last statement is BS. You don't know which 56% voted yes for the contract in 2015. Most of them probably already left.

 

Doesn’t really matter ultimately. The A fund needs to be improved every contract until we negotiate one with built in COLA increases, same with all portions of the contract otherwise we won’t escape the “whack a mole” nature of our negotiations where we only focus on fixing 1-2 things at a time and even give the company givebacks.

Even if they voted no in 2015 they still didn’t rattle the cage loud enough to get others to vote no. “Well I voted no” isn’t a good enough excuse for not fixing the retirement in 2015 and it won’t be a good enough enough excuse for not fixing scope this round. “We’ll get em next time” or “we can’t fix it now” is not acceptable. Our job security is far less than that of even a UPS pilot, and it’s under immediate attack.

 

Fair enough. How many people have left since the last contract was signed though? Maybe 120 ish a year? That would be close to 840 pilots, around 25 percent of the seniority list back then. Assuming they all voted yes, that still leaves a TON of yes voters still on property. Maybe I should have just said that I found issue with PM mentioning how terrible it is when people are retiring with no improvement and implying that the 50% of the company hired since the last contract would be selfish to sabotage the new retirement for trying to shore up scope(if that’s even possible). I think number he said is 7-10 a month retiring. We were hiring close to 40-50 a month for the last 6 years. Those guys count too.

 

We are frogs in the pot, “Is it getting warm in here or is it me?”

 

Maybe or a new start somewhere else. Management for sure aren’t going to share any good news during negotiations. UPS outlook during their earnings showed volume growth 2nd half of the year, one would assume at FDX too.

 

second half of the year is historically busier, the question is, are they just using an old forecast model or do they really expect a little bit of a rebound?

 

Have you seen the other bases? Everyone is down.
How many total 737s was ASL flying out of LGG and CDG compared to now all out of CDG? From what I've heard it just looks worse now because they are all on the CDG ramp now.

 

Good point the way I read it was volume returning outside seasonality, but lot of assumptions based on economy etc. looked like April was the worst month for
vol drop and has since stabilized.