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Old 07-09-2024, 06:35 AM
  #261  
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Originally Posted by opt0712
They got contracts because they got bailed out and cut too deep.Then COVID ended and demand came back. Without the bailout, they wouldn't have had the gains you see today.
Perhaps, but its not like Fedex wasn't making record profits during that time, either. Again, the differences in management focus are stark.

And, right now, this weekend was the busiest travel day in aviation history. We are past "pent up demand" phase and entering a new normal.
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Old 07-09-2024, 06:39 AM
  #262  
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For those that have/are leaving: Any issues with giving 2 weeks notice? Have they let you continue flying, or just told you to turn in your stuff?
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Old 07-09-2024, 06:42 AM
  #263  
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Originally Posted by JustInFacts
Yeah, the new MEC is going to fix crime in MEM, take over the board to get rid of DRIVE, buy new airplanes and start hiring. I guess I missed those items in the updates that say industry comparable pay, scope, retirement and targeted QOL improvements. Of those items, the only changes are scope, and industry comparable pay instead of industry leading pay.
So who else is actively pursuing the equities of the pilot group? It wasn't PM and the former MEC, who were happy to trade away the family cow for magic beans. Indeed, who squandered a incalcuable amount of time, and then had the temerity to trot out the time value of money argument. At least at that point I knew they were likely stupid, and not craven.

The former MEC did massive damage to the Fedex pilot group, that no one on the property will likely ever see recovered.

And the best argument that things are fine is that our attrition isn't exactly what some third tier regional airlines would be to what once were inferior employers. Well, if that is a PD level argument, I don't know what is.

The narrative daylight between PM and PD for the time prior to TA1 could be measured in micrometers, and their poorly crafted information operations campaign failed under its own weight. How, the damage is done. The Fedex brand among pilots has been ruthlessly exposed for what it is, and hopefully a good contract and some changes in management might go some way to rebuilding it.

In the meantime, the former MEC and Fedex pilot management can point to a legacy of ashes.
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Old 07-09-2024, 06:43 AM
  #264  
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Originally Posted by Freight
For those that have/are leaving: Any issues with giving 2 weeks notice? Have they let you continue flying, or just told you to turn in your stuff?
Probably just give them the same notice that Fedex gave their non-union employees in training.
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Old 07-09-2024, 09:06 AM
  #265  
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Originally Posted by acecrackshot
So who else is actively pursuing the equities of the pilot group? It wasn't PM and the former MEC, who were happy to trade away the family cow for magic beans. Indeed, who squandered a incalcuable amount of time, and then had the temerity to trot out the time value of money argument. At least at that point I knew they were likely stupid, and not craven.

The former MEC did massive damage to the Fedex pilot group, that no one on the property will likely ever see recovered.

And the best argument that things are fine is that our attrition isn't exactly what some third tier regional airlines would be to what once were inferior employers. Well, if that is a PD level argument, I don't know what is.

The narrative daylight between PM and PD for the time prior to TA1 could be measured in micrometers, and their poorly crafted information operations campaign failed under its own weight. How, the damage is done. The Fedex brand among pilots has been ruthlessly exposed for what it is, and hopefully a good contract and some changes in management might go some way to rebuilding it.

In the meantime, the former MEC and Fedex pilot management can point to a legacy of ashes.

Thirteen posts in two days. You've made your point. Take a breath.
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Old 07-09-2024, 10:55 AM
  #266  
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Originally Posted by Huck
Thirteen posts in two days. You've made your point. Take a breath.
Didn't know I touched a nerve, Pat, after 1/10 the number of posts.
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Old 07-11-2024, 06:23 AM
  #267  
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Originally Posted by acecrackshot
The company can have one mega crew base, and if it ever needs to higher again, find out exactly how many people show up to stand perma reserve in Memphis.
That won't be a problem once we're acquired by Atlas and Memphis simply becomes one of the "gateway" cities to our home bases.
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Old 07-12-2024, 03:24 PM
  #268  
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Originally Posted by acecrackshot
Perhaps, but its not like Fedex wasn't making record profits during that time, either. Again, the differences in management focus are stark.

And, right now, this weekend was the busiest travel day in aviation history. We are past "pent up demand" phase and entering a new normal.
Yet the transportation sector continues to dip since May on earnings. Look at Delta's recent earnings. 29% decline in profit. Credit Card revenue is the only thing the big three have keeping them in the green.
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Old 07-12-2024, 04:43 PM
  #269  
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Originally Posted by opt0712
Yet the transportation sector continues to dip since May on earnings. Look at Delta's recent earnings. 29% decline in profit. Credit Card revenue is the only thing the big three have keeping them in the green.
Delta’s Q2 missed EPS by 1 penny. Still made over $2B in profit for the quarter. Paid off $1.4B in debt in Q2. Added over half a billion to the 2024 profit sharing pool. And was profitable even if AMEX money didn’t exist ($1.3B from my understanding).

This is reminiscent when people thought the sky was falling at FedEx at a quarterly report a couple of years ago when earnings missed Wall Street expectations despite making a hefty profit.
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Old 07-12-2024, 06:40 PM
  #270  
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Originally Posted by Viper25
Delta’s Q2 missed EPS by 1 penny. Still made over $2B in profit for the quarter. Paid off $1.4B in debt in Q2. Added over half a billion to the 2024 profit sharing pool. And was profitable even if AMEX money didn’t exist ($1.3B from my understanding).

This is reminiscent when people thought the sky was falling at FedEx at a quarterly report a couple of years ago when earnings missed Wall Street expectations despite making a hefty profit.
Unfortunately, at FedEx we are plagued with (nearly half of our seniority list) that was hired at an at best second tier airline. Yet due to market affecting events, they have probably out earned they’re friends at the legacies over their careers. During that time the legacies fell below FedEx, then came up to meet us, and now have thankfully eclipsed us back to near where they should be. FedEx owned the fact that they became a top tier airline (on paper), and marketed itself as such to prospective new hires. Now those new hires, that were hired at a top tier airline are making their voices heard.
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