FedEx Offers Senior Pilots $110,000 To Keep Flying

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Santa Claus wears captain’s bars in the e-commerce economy but it’s some of the pilots who are getting gifts this holiday season. FedEx is offering its retirement-age captains as much as $110,000 in retention bonuses to keep working through this year’s busy time. Last year, FedEx and its competitor UPS had record years thanks to mouse-clicking Christmas shoppers and are expecting more business this year. The bonus offers, which range from a low of $40,000 to the $110,000 cap, are included in a new contract obtained by Reuters.

The news agency said the contract provisions suggest FedEx, the world’s largest air freight company, is getting tight on pilots. But frankincense and myrrh aside, a pilot shortage at either of the top two companies wouldn’t just disrupt the flow of good cheer. The global economy is heavily dependent on the aerial parcel delivery industry and any disruption would be felt worldwide. FedEx is downplaying the contract provision. “FedEx Express is well staffed with pilots at this time, however we’re always looking toward the future,” spokesman Bonny Harrison told Reuters.

Comments (3)

Merry Christmas!

Posted by: YARS (Tom Yarsley) | October 7, 2018 6:39 AM    Report this comment

This is terrible reporting. These "bonuses" were negotiated into the Fedex pilot's Collective Bargaining Agreement (CBA) which was signed in 2015. This is hardly news. The "$110,000 bonuses" include selling back sick leave (at 50 cents on the dollar) which is an earned benefit, and not a bonus at all. Fedex did offer older pilots (both FOs and Capts) who were 54 years or older on the date of signing, bonuses of up to $40,000. The purpose of that bonus was an incentive to provided the company with a one year notice prior to retiring so the company could more accurately forecast staffing needs. It is not at all indicative of a pilot shortage. Fedex still has thousands of qualified applicants on file waiting for the call to have the opportunity to work under one of the best contracts in the industry...

Posted by: Jonathan Goldstein | October 8, 2018 4:33 PM    Report this comment

Regarding the LSA weight increase, I have to wonder now if Vashon might consider a mgtow increase to its Ranger (reviewed by Paul recently) and possibly developing a 4 seat variant.

Posted by: Will Alibrandi | October 9, 2018 11:44 AM    Report this comment

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