Hey all,
Just trying to quantify the decision for leaving FedEx. Right now I’m a 767 CA, but am being forced to downgrade at some point soon down to 767 FO from our latest bid. Also, our most recent TA failed (fortunately!) so we’re stuck at 2020 rates indefinitely.
Additionally, management has recently publicly stated that we are over staffed by 700 pilots so it sounds like we are headed for “4.A.2.b/c” soon (this is what FedEx does to mitigate furloughs by reducing minimum guarantee for everyone). This is triggered by two consecutive bid periods of low credit hours across the system.
Once I’m downgraded I’ll be at a rate of $202.77/hr as a 6 year widebody FO. When we hit 4.A.2.c (which management and the union has pretty much said we are headed towards), my monthly guarantee will be (54-low/68-average/81-high). I’ll probably be senior enough (as an FO) to be at the average of 68.
So I will be making $165k/year. It’s about a 50% pay cut from where I’m currently at, and it sounds like this could last several years or longer.
Looking at 2nd year NB UAL FO pay (new AIP), I see $167.57/hr with a MGT of 70 hours/mo. This is about $141k/year. The MGT I found from APC data.
United pilots, is this math correct? Or is this MGT too low? I’m very dissatisfied with FedEx, but the current numbers make it hard to leave.
