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11-22-2022, 08:40 PM

#11

Barley

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Isn’t it pretty routine for FedEx to get all hands on deck and stop newhire classes for their peak season every year?

11-22-2022, 08:42 PM

#12

threeighteen

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Quote:

Originally Posted by Barley

Isn’t it pretty routine for FedEx to get all hands on deck and stop newhire classes for their peak season every year?

yeah the issue is: what's going to happen next year?

11-23-2022, 03:31 AM

#13

Swakid8

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Quote:

Originally Posted by ERAUAV8TR

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.

‘It is peak season, Cargo carriers usually pause training during this time of the year because it goes all hands on deck for the increased flying. The only planes I heard of being parked are the older MD-10s….. They still have 767/777s coming on the line…. Let’s not put the cart before the horse too much..

11-23-2022, 05:42 AM

#14

Barley

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Quote:

Originally Posted by threeighteen

yeah the issue is: what's going to happen next year?

less aggressive hiring and the world will still keep spinning

11-24-2022, 05:54 AM

#15

WaterRooster

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2019 FedEx was starting to tank, 2020 gave them a boom as everyone ordered online. Now all the doom and gloom they are spouting is them correcting back to 2019 levels. Not a big story here.

11-24-2022, 07:36 AM

#16

Hawaii50

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Fedex last earnings conference call was very downbeat. Looking to cut over 2 billion in costs for 2023 and predicting the world market going into recession with associated reduced cargo demand.

11-24-2022, 08:12 AM

#17

RaginCajun

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Quote:

Originally Posted by Hawaii50

Fedex last earnings conference call was very downbeat. Looking to cut over 2 billion in costs for 2023 and predicting the world market going into recession with associated reduced cargo demand.

Isn’t this a common theme from ever fortune 400 right now? Most, including UAL, are predicting a recession…however we are already in one according to the definition.

11-24-2022, 11:57 AM

#18

FXLAX

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Quote:

Originally Posted by RaginCajun

Isn’t this a common theme from ever fortune 400 right now? Most, including UAL, are predicting a recession…however we are already in one according to the definition.

I think the last quarter had a positive GDP.

11-24-2022, 12:57 PM

#19

JFS 3

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Quote:

Originally Posted by RaginCajun

Isn’t this a common theme from ever fortune 400 right now? Most, including UAL, are predicting a recession…however we are already in one according to the definition.

Whose definition? Yours? GDP growth last quarter, S&P higher than it was a year ago, record low unemployment, UAL has a record-breaking quarter... Maybe a real one is coming, but if this is what a recession looks like, I welcome it.