Let's Talk Fedex 757 Pay Rates...
01-08-2024 | 12:07 PM
#81
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Joined: Oct 2015
Posts: 831
Likes: 68
They got bailed out because they were too big to fail. They weren’t bailed out after 9/11 because they were not too big to fail. 4 carriers have 80% of the market share. It never used to be like that.
The other factor is retirements. There has never been a retirement wave like this one. And it will blunt staffing overages for a while to come. There was no such shock absorber in previous crises.
I ask again, how long as it been since the big 3 furloughed?
The other factor is retirements. There has never been a retirement wave like this one. And it will blunt staffing overages for a while to come. There was no such shock absorber in previous crises.
I ask again, how long as it been since the big 3 furloughed?
01-08-2024 | 12:16 PM
#82
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Joined: Jul 2008
Posts: 1,443
Likes: 280
Delta sent furlough letters and would’ve done the same thing if not for an 11th hour LOA and the government bailout.
The American furlough during COVID wasn’t actually a furlough. It was a threat of furlough that didn’t truly happen, despite a tiny gap between (repaid) unemployment and the bailout. If the bailout by chance happened to be slightly earlier, that gap wouldn’t exist at all and they’d be the same as Delta (not furloughing).
The fact that American’s furlough “failed” is actually what proves my entire point anyway.
01-08-2024 | 01:03 PM
#83
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Joined: Sep 2018
Posts: 90
Likes: 0
They got bailed out because they were too big to fail. They weren’t bailed out after 9/11 because they were not too big to fail. 4 carriers have 80% of the market share. It never used to be like that.
The other factor is retirements. There has never been a retirement wave like this one. And it will blunt staffing overages for a while to come. There was no such shock absorber in previous crises.
I ask again, how long as it been since the big 3 furloughed?
The other factor is retirements. There has never been a retirement wave like this one. And it will blunt staffing overages for a while to come. There was no such shock absorber in previous crises.
I ask again, how long as it been since the big 3 furloughed?
Furlough doesn’t equal failure to a business…but it sure feels like it to the furloughed employees.
01-08-2024 | 01:10 PM
#84
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Joined: Jul 2008
Posts: 1,443
Likes: 280
Being too big to fail does not imply too big to cut. If demand falls off and they become overmanned enough, they can and will furlough just like FedEx could furlough if it makes business sense. I get concerned when I see rapid growth. What goes up usually comes back down to a normal trend just like what we see now post-Covid growth mania.
Furlough doesn’t equal failure to a business…but it sure feels like it to the furloughed employees.
Furlough doesn’t equal failure to a business…but it sure feels like it to the furloughed employees.
01-08-2024 | 01:10 PM
#85
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Joined: Oct 2015
Posts: 831
Likes: 68
They furloughed. And unfurloughed because of the bailout. And the pilots got back pay.
Delta sent furlough letters and would’ve done the same thing if not for an 11th hour LOA and the government bailout.
The American furlough during COVID wasn’t actually a furlough. It was a threat of furlough that didn’t truly happen, despite a tiny gap between (repaid) unemployment and the bailout. If the bailout by chance happened to be slightly earlier, that gap wouldn’t exist at all and they’d be the same as Delta (not furloughing).
The fact that American’s furlough “failed” is actually what proves my entire point anyway.
Delta sent furlough letters and would’ve done the same thing if not for an 11th hour LOA and the government bailout.
The American furlough during COVID wasn’t actually a furlough. It was a threat of furlough that didn’t truly happen, despite a tiny gap between (repaid) unemployment and the bailout. If the bailout by chance happened to be slightly earlier, that gap wouldn’t exist at all and they’d be the same as Delta (not furloughing).
The fact that American’s furlough “failed” is actually what proves my entire point anyway.
But again, your point is clear and we are in a new era, as the kids say.
01-08-2024 | 01:44 PM
#86
Gets Weekends Off
Joined: Nov 2023
Posts: 117
Likes: 0
From: 727 Flight Engineer
They got bailed out because they were too big to fail. They weren’t bailed out after 9/11 because they were not too big to fail. 4 carriers have 80% of the market share. It never used to be like that.
The other factor is retirements. There has never been a retirement wave like this one. And it will blunt staffing overages for a while to come. There was no such shock absorber in previous crises.
I ask again, how long as it been since the big 3 furloughed?
The other factor is retirements. There has never been a retirement wave like this one. And it will blunt staffing overages for a while to come. There was no such shock absorber in previous crises.
I ask again, how long as it been since the big 3 furloughed?
01-08-2024 | 01:46 PM
#87
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Joined: Aug 2006
Posts: 1,357
Likes: 133
They got bailed out because the government was trying to stablize the economy and business until the COVID shut down eased. The pax airlines took advantage of the free money and paid employees not to work and to payout early retirements.
That does not sound like a down turn in the economy bailout. It was a global pandemic bailout, big difference.
That does not sound like a down turn in the economy bailout. It was a global pandemic bailout, big difference.
01-08-2024 | 01:59 PM
#88
Gets Weekends Off
Joined: Feb 2007
Posts: 3,045
Likes: 1
From: FO
I’m not sure the government will bail out ann airline if it is an economical cycle that puts a carrier into a precarious financial position.
With retirements I don’t think their be a furlough anytime soon. It doesn’t mean they won’t ask for concessions if times get tight.
01-08-2024 | 02:16 PM
#89
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Joined: Jul 2008
Posts: 1,443
Likes: 280
The industry has changed. I’m with you. But the nasty thing about furlough is personal and familial upheaval. I flew with at least half a dozen American furloughees. Two didn’t want to leave, but at the time felt there was no other choice. One has since moved on to DAL. They would tell you it was a harsh experience to go through.
01-08-2024 | 02:24 PM
#90
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Joined: Aug 2023
Posts: 693
Likes: 54
Our Airbus rates have always been tied to Legacy rates. Even before the 777 was on FedEx property. We’re not changing it now just so some folks that benefited from it the past 20 years can also get a pension bump before jumping ship.
Nobody is shooting for industry standard anyway, so it’s all a moot point. Industry leading hourly rates of pay.
When a new wide body (larger than the MD) was to come on property, the intent was to have it pay above the WB rate. Just like the A380 rates. We lost the grievance, but made up for it through BKO.
Nobody is shooting for industry standard anyway, so it’s all a moot point. Industry leading hourly rates of pay.
When a new wide body (larger than the MD) was to come on property, the intent was to have it pay above the WB rate. Just like the A380 rates. We lost the grievance, but made up for it through BKO.
We negotiated for BKO at the same time we negotiated for the A380 rates. We didn't make up for anything with the BKO we already had.
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