Yeah I made a mistake. There’s 12 total.

3 75/6 SDF
5 75/6 ONT

Talking about management pilots, anyone notice we have hired virtually ZERO in the last 18 months? And I believe they are short. Obviously when their terms of employment changed the job became less attractive...

How long did it take from when your online app was locked until getting an interview? Thanks!

We have hired multiple management guys in the last six months just on the one fleet I’m privy to. Your statement is completely incorrect.

Maybe on other fleets but they’re definitely hiring more managers on the 74. The most recent is still in training.

The hiring spree might be slowly coming to an end. Fdx typically leads the pack and with their decision to retire MD10s and possibly A310s (due to softening demand) they might be closing their application window. That’s what a purple buddy of mine heard while doing his recurrent.
____
Fedex (FDX) has said in its latest financial results that it is expecting to reduce capacity in its Express network by retiring older, less-efficient aircraft.

The company retired two MD10-10s earlier in the summer and will retire another nine in the current fiscal year.

By the end of its 2021 fiscal year, FDX will have removed the remaining nine, eliminating the MD10-10 fleet.

In addition, the company intends to remove its 13 MD10-30s by the end of its fiscal year 2022.

These are three engine aircraft that will be replaced by the two-engine 767Fs they have in the fleet and that will be delivered over the next four years. FDX operates 77 767Fs now and is scheduled to take delivery of 13 this fiscal year and 42 between FY21 and FY23.

As of August 31 2019, FDX had $611 million in deposits and progress payments on aircraft purchases and other planned aircraft-related transactions.

Helane Becker and Conor Cunningham at Cowen and Co, said: “The company is also looking into retiring its 10 remaining A310-300s, which are relatively small and are getting old. FedEx has 119 757-200Fs that could easily handle the volume of the A310s (although the 757s are about 3/4 of the size of the A310s).

“Management has outlined a number of steps they are taking to get back to the 13% to 15% earnings growth target. A reduction in air capacity after the peak should help costs, especially as the company retires its older three engine aircraft. This should also help improve the company’s sustainability index.”

Hiring spree for Fedex maybe, most definitely not for us. We are short as it is plus all the net new planes coming. We haven’t seen a dramatic slowdown yet, our volume is holding up nicely. Seems our exposure is slightly different than Fedex. Not saying we are immune by any means. Only wildcard is if they decide to start retiring MD, which I doubt anytime soon as we are barely keeping up with volume not counting any future growth. We are investing in all current fleets, so except MD, everything is staying.

We HAVE had a hiring spree, for an airline our size we hired a large number of people in the last few years.
“Most definitely” is too strong of a statement, I’d agree with ‘probably not us’.

It ALL depends on how long they’re planing on keeping the tri-tanic (i.e. economy)
Based on what we’re seeing today, you’re probably right. However, I’ve heard ‘most definitely not us’ before so I take nothing for granted.

For sure we are not immune. And BTW, the sky is not falling at Purple either, revenue growth has temporarily stagnated and they need to fix their TNT and unit profitability issues. They will be fine medium to long term. They still offer a good product/service, nothing has changed.

September 10th Class
 

FDX reported a net income of $745M for Q1’FY20 yesterday.

Two 757 FQS will be starting Sep 23, and another in November.