FedEx pilots reject 30% pay hike proposal, but a strike isn't imminent | CNN Business
FedEx pilots reject 30% pay hike proposal, but a strike isn't imminent | CNN Business
Pilots for FedEx have rejected a tentative labor deal. But that doesn’t mean they’re about to walk off the job just as UPS is threatened with its own strike by 340,000 drivers and other hourly ground workers.
Pilots for FedEx have rejected a tentative labor deal. But that doesn’t mean they’re about to walk off the job just as UPS is threatened with its own strike by 340,000 drivers and other hourly ground workers.
They turned down a 30% increase in both wages AND pension benefits? I’m very curious about what’s in the rest of that contract, because this sounds like it should have been a slam dunk.
2730% is good, but the rest of the industry for pilots has been getting better deals lately and FedEx has historically been the highest paid pilots in the US so they've got high standards. We are also in the midst of a pilot shortage in the US and pilots have never had this much bargaining power to get what they want and likely never will again. Therefore, pilots at a lot of companies are being patient to get exactly what they want out of their new contracts. Honestly, the pay is relatively low priority to other quality of life upgrades.
36Like guarantees to not get rid of the copilots position.... something some companies are trying to do. My grand father was first an army pilot, then a flight engineer; the third man in the cockpit that no longer exists as a position, then a copilot and then a pilot, he heard the other day about companies pushing the FAA for flights allowed to have only one pilot and he just about shit himself.
29Ah okay, thanks for explaining that to me. I didn’t have any context for this, but that makes sense. I hope they’re able to get everything they want.
3
Keep in mind that is likely a total raise over multiple years.
8
This is a normal part of bargaining, tentative agreements are regularly rejected. When the contract lapses, then they're likely to vote on striking
6Hmm, starting to smell like a general strike…
3Pilots already make plenty of money though
-25My guess is it's not just about the money.
14I think that's their point. They make good money already, so it's like you said. likely about other issues.
11
They pay huge sums out of their own pockets for qualifications and they have a complex job with high responsibility.
8arent most commercial pilots in the US ex-military?
-3
So does the CEO
5The current FedEx CEO makes almost 23 times what the average pilot makes, and that’s not including his company stock and options. And his FedEx shares of 0.037%, are worth roughly $23.97 million alone.
9
My Googling tells me-
Pilot pay at Federal Express ranges from $47,952.00 per year for a new first officer up to $199,800.00 per year for a senior captain.
https://www.aviationinterviews.com/pilot/payrates/federal-express-32.html
I wouldn't say you're living large on less than $50k a year.
4