FedEx
 

FedEx is parking airplanes and putting the brakes on hiring. Is this good news for the Majors (Contract)? One less avenue for pilots to go for sure.

bad news if anything. Means the legacies and majors may not be far behind.

Hopefully not

Maybe maybe not. They are parking older DC-10s that they brought out of the desert during covid. Buying trends have shifted away from buying things online. As the world opens up, specifically east Asia, belly hold cargo on pax carriers will increase as well. Reducing the the demand for cargo only lift.

One is commerce and people buying goods. Naturally being affected during a period of inflation. The other, for the time being, are people continuing to buy experiences. Will we ebb? Most likely. Especially considering business travel. The question is how do we position for the flow. More precisely, do we pay for the company’s gamble?

I believe Amazon is putting the hurt on them.

FedEx hasn’t flown an Amazon package in quite a few years, since 2017 IIRC?

It’s not mystery; they are experiencing a correction “back to normal” after the incredible pandemic cargo boom. Whether we will correct after the post-pandemic pax boom we are STILL in remains to be seen…..

Where is the source on this?

They stop hiring during the holidays so that they can fly. They are ramping back up in Feb. BI starting monthly. This is an annual thing.

Parking planes? You mean the MDs they are phasing out? Being replaced one for one with brand new 767/777.

What and who is your source?

Latest guidance from Purple is 1900 need to be hired, 3-4 year upgrade, they have hired and trained 600 by EOY.

https://ravencareers.com/wp-content/uploads/2022/11/11-14-hiring-recruitment-update.pdf?fbclid=IwAR0mzqXbTgtJP4VMHgfkWtdwjcXR2H TDsDx1D_qmqIdGmJh--N02XwZdr-I