FedEx Parking a/c

[fareview]

Airliners reporting 50 to be parked.

Any impact on the Pilot ranks?

fv

 

[Secret Squirrel]

Cargo airlines have usually been the canary in the coal mine for the economy.

 

[xkuzme1]

Not to worry. There is going to be a pilot shortage someday.

 

[Voice Of Reason]

Keeping the Nation's Pilots in line one "article" or rumour at a time

http://www.airlines.org/Pages/Board-of-Directors.aspx

TEAMWORK! Pass it on:

Board of Directors



PubZone1
Alaska Airlines, Inc.
Bradley D. Tilden
President and CEO
Alaska Airlines and Alaska Air Group

American Airlines, Inc.
Thomas W. Horton Chairman, President and CEO
American Airlines and AMR

Atlas Air, Inc.
William J. Flynn
President and CEO
Atlas Air Worldwide Holdings, Inc.

Delta Air Lines, Inc.
Richard H. Anderson*
CEO

Federal Express Corporation
David J. Bronczek
President and CEO
FedEx Express

Hawaiian Airlines, Inc.
Mark B. Dunkerley
President and CEO

JetBlue Airways Corp.
Dave Barger
President and CEO

Southwest Airlines Co.
Gary C. Kelly**
Chairman, President and CEO

United Continental Holdings, Inc.
Jeffery A. Smisek
President and CEO

UPS Airlines
David Abney
Chief Operating Officer
UPS

US Airways, Inc.
W. Douglas Parker
Chairman and CEO
US Airways Group, Inc.

* Chairman, A4A Board of Directors
** Vice Chairman, A4A Board of Directors

 

[BoilerUP]

http://www.businessweek.com/ap/2012-06/D9V6IR001.htm

FedEx Corp. said Monday that it will take a $134 million charge in the fourth quarter as it speeds up replacements of some of older aircraft.

The company will retire 18 Airbus A310-200 planes and six Boeing MD10-10 planes. It said most of those planes were not in active service. The company retired five Boeing 727-200s during the fourth quarter, which ended in May, and already planned to retire 21 Boeing 727s in fiscal 2013.

The charge will reduce its profit by 26 cents per share.

The company said the additional aircraft retirements will help bring its capacity closer in line with shipping volume.

FedEx said it is speeding up the depreciation of more than 50 other airplanes and their engines as it prepares to receive new Boeing 757-200 and Boeing 767-300 aircraft. The increased depreciation charges will total $196 million over the next three years. It said the Boeing 757s and 767s are larger and more efficient than the 727s and MD10s they will replace.

FedEx had a fleet of 688 aircraft as of Feb. 29.

FedEx also increased its quarterly dividend by a penny, to 14 cents a share. Its next dividend is payable July 2 to shareholders of record on June 18.

 

[RJ Bum]

Isn't boeing done making the 757? Where are they getting them from?

 

[fam62c]

Isn't boeing done making the 757? Where are they getting them from?

From airlines that are retiring them, same place that UPS and FEDEX have always gotten their airplanes.

 

[trip]

International airlines face a "perfect storm" from high fuel costs, a slowing global economy and volatile exchange rates that could see many carriers forced to downsize, Tim Clark, the President of Dubai's Emirates Airline said in an interview Tuesday.

Read more: http://www.foxbusiness.com/news/201...s-industry-faces-perfect-storm/#ixzz1wvhH2HPy
​

 

[NuGuy]

The economy in China is about to deflate like a cheap beach toy.

Mucho consternation to follow.

Nu

 

[labbats]

Economy goes up and oil goes up. Economy goes down and oil goes down.

That's why I find it hilarious when every year in ground school we get to hear that it's either a slow economy or fuel is too high to pay us more.