FDX 4th quart earnings

[fr8doggie]

They were good

 

[FerrisBueller]

Where's the Checkbook?

The biggest lesson learned from the release was they expect to spend $2.9 billion on capital spending, and the pensions are fully funded. They can even be quoted in the conference call as saying they are "not worried about the checkbook for next year". Additionally, they rose the dividend to 9 cents a share, but pilot pay is frozen at dec '03 wages.

If all is so good, how come they haven't brought the checkbook to negotiations?

 

[fr8doggie]

If all is so good, how come they haven't brought the checkbook to negotiations?

Because, unfortunately we as a group have not convinced executive management that we are serious about finishing negotiations now.

 

[PurpleTail]

If all is so good, how come they haven't brought the checkbook to negotiations?

It's called NO Respect from mgmt for the pilot groups efforts.

The way the current government and NMB is set up the company has no incentive or recourse for negoitiating a better contract. Only the pilots have the power to force the companies hand. Most are doing what they can by making 'good personal choices' but there are still just enough bending over backwards for the company to keep the freight moving.

This is going to be a very tense Peak season coming up with still no contract in sight. Fly 100% of your schedule and not a minute more, thats what I'm doing.

 

[FerrisBueller]

Because, unfortunately we as a group have not convinced executive management that we are serious about finishing negotiations now.

I'm not sure it's executive management we need to convince. I think it is the shareholders like Goldman, Bear Stearn, Fidelity, Vanguard. What will happen to the stock if word is out the pilots are ready for self-help? Executive management, with all their shares, will likely get the picture, eh?

Management owns millions of shares at $120 per share, so that makes our contract request look like peanuts. Pretty soon the shareholders above will ask why management is willing to put their shares in jeopardy for peanuts. If you haven't gone to the investor site and listened to the webcast, I urge you to do so. It was almost pathetic. They didn't spend what they had forecast last year for capital expenditures. Even after Watkins and DTW, they will have nearly a billion cash leftover in the first quarter. I'm beginning to feel sorry for them with all their problems. . .:bawling:.

 

[PurpleInMEM]

If all is so good, how come they haven't brought the checkbook to negotiations?

Because they have no incentive to. Our customers don't even know we're in negotiations, nor do they care. The only way to make them care is to slow things down or stop them, which I'm convinced no one here has the stomach for. Hell we won't even use the term "Strike Preparedness", we use "Strategic Preparedness".

It's all about greed; they want more, we want more. It's the mantra of capitalism. Unfortunately they make the rules, own the judges and, especially now, control the idiot in the whitehouse.

Affect the satisfaction of their greed and your demands will be met...the question is who's greed, ours or theirs, will make one flinch first.

I'm guessing, as usual, it will be ours.

 

[FerrisBueller]

It's all about greed; they want more, we want more. It's the mantra of capitalism. Unfortunately they make the rules, own the judges and, especially now, control the idiot in the whitehouse.

Affect the satisfaction of their greed and your demands will be met...the question is who's greed, ours or theirs, will make one flinch first.

I'm guessing, as usual, it will be ours.

That's not it . . . it's business. Simply business. But the longer they wait the longer they put their own equity at risk. I don't believe greed has anything to do with this, since we are not asking for the moon -- just cornerstone issues.

Anyone know the member 'hook'? They are watching -- could it be management? Huh, no flight time and one post. Really?

 

[VaB]

They were good

"Net income of $568 million was up 27% from a year ago."

Yeah, that's pretty good. However, no soup for you.

 

[Falconjet]

Some numbers from the union about the 2006 earnings:

• Revenue of $32.3 billion, and increase of 10 percent from fiscal year 2005
• Operating income of $3.01 billion, up 22 percent from fiscal year 2005
• Net income of $1.81 billion, a 25 percent increase from fiscal year 2005
• Earnings per share of $5.83, a 24 percent increase from fiscal year 2005
• Cash flow from operations allowed $2.5 billion in capital expenditures, the repayment of $369 million in debt, and another $.01 increase in the shareholder dividend to $.09 per share

You know, pretty soon you are going to be talking about real money around here.

FJ

 

[Deuce130]

It's all about greed; they want more, we want more. It's the mantra of capitalism. Unfortunately they make the rules, own the judges and, especially now, control the idiot in the whitehouse.

GW hasn't flown any draft or volunteer, sold back his vacation, or raided open time. To say that Fred Smith owns the white house is one of the reasons we don't have a contract is asinine. Stick to the talking points - the FDX pilot group is not doing all we can do and management is evil.

 

[PurpleInMEM]

GW hasn't flown any draft or volunteer, sold back his vacation, or raided open time. To say that Fred Smith owns the white house is one of the reasons we don't have a contract is asinine. Stick to the talking points - the FDX pilot group is not doing all we can do and management is evil.

Maybe you spent too much time on the nogs...open your eyes man. It's all part of the same game. No worries or pressure on management because of a very favorable political climate. To ignore that is, as you would say, asinine.

I do agree with your last sentence, we're not doing all we can do, but I believe "we" don't have the balls to REALLY do what's needed. I guess we'll see. I'm ready to walk away from this place like it never existed. Are you?

 

[stonewall]

Fred gave equally to his Yale classmates, John Kerry and George Bush. He described both of them as his "good friends." In my opinion, due to FDX (and UPS') unique positions in the US and global economy, ANY and ALL presidents will be very friendly to Mr Smith. Not very many politicians have been labor-union friendly lately, and I don't think the occupant of the WH affects us very much right now. Well, yes the President has an effect on this process, but I don't think our cause would be championed by ANY sitting President right now, regardless of political affiliation.

WE are the only ones that can help ourselves right now.

 

[FerrisBueller]

Fred gave equally to his Yale classmates, John Kerry and George Bush. He described both of them as his "good friends." In my opinion, due to FDX (and UPS') unique positions in the US and global economy, ANY and ALL presidents will be very friendly to Mr Smith. Not very many politicians have been labor-union friendly lately, and I don't think the occupant of the WH affects us very much right now. Well, yes the President has an effect on this process, but I don't think our cause would be championed by ANY sitting President right now, regardless of political affiliation.

WE are the only ones that can help ourselves right now.

You could write your congressman. . . ask him how an oligopoly like FedEx, with ties to the postal service (at least a billion dollars a year) and a history of 'red letters', can be allowed to eavesdrop on sites like this and be one of the select few companies to ask the NMB for mediation (not the pilots). Explain how they have circumvented the negotiating table with two non-negotiated 'offers', and are blaming the pilots for the delays. Would a call from your congressman change your behavior?

 

[PurpleHaze]

Lack Of Respect

Some numbers from the union about the 2006 earnings:

• Revenue of $32.3 billion, and increase of 10 percent from fiscal year 2005
• Operating income of $3.01 billion, up 22 percent from fiscal year 2005
• Net income of $1.81 billion, a 25 percent increase from fiscal year 2005
• Earnings per share of $5.83, a 24 percent increase from fiscal year 2005
• Cash flow from operations allowed $2.5 billion in capital expenditures, the repayment of $369 million in debt, and another $.01 increase in the shareholder dividend to $.09 per share

You know, pretty soon you are going to be talking about real money around here.

FJ

2006 Results are Big, and that's built on big numbers from 2005, which by the way were built upon big numbers from 2004... You guessed it built upon 2003 earnings. Times when we were in supposedly poor economic conditions as a nation.

2003-

• Revenue of $22.5 billion, up 9% from $20.6 billion the previous year​

• Operating income of $1.47 billion, up 11% from $1.32 billion a year
• Net income of $830 million, up 17% from last year’s $710 million​

2004-​

FedEx Corp. reported the following consolidated results for the fourth quarter 2004:

• Revenue of $7.04 billion, up 21% from $5.83 billion the previous year
• Operating income of $685 million, up 39% from $492 million a year ago
• Operating margin of 9.7%, up from 8.4% the previous year
• Net income of $412 million, up 47% from last year's $280 million

2005- Couldn't find year end numbers but 3rd Qtr didn't suck...
FedEx Corp. reported the following consolidated results for the third quarter 2005:

• Revenue of $7.34 billion, up 21% from $6.06 billion the previous year
• Operating income of $552 million, up 48% from $372 million a year ago
• Operating margin of 7.5%, up from last year's 6.1%
• Net income of $317 million, up 53% from $207 million the previous year

THE BOTTOM LINE... Lack of respect! FDX has as much respect for us as the slave owners had for the slaves making them rich picking their crops. I guess we should all be grateful to our masters, I mean managers, for taking such good care of us and putting food on our tables. Too bad I'm getting so stressed watching my buying power decline without even a cost of living increase in years. Yeah, so stressed I might just have to stay home more to recuperate with my family.

 

[SWA/FO]

Good thing you guys didn't post any Southwest Airlines numbers or else everyone would be jumpin your $hit. They would call you a bunch of names too.. I've seen it happen, time and time again.

 

[stonewall]

Good thing you guys didn't post any Southwest Airlines numbers or else everyone would be jumpin your $hit. They would call you a bunch of names too.. I've seen it happen, time and time again.

When you've posted SWA nums in the past, it's been to gloat at the expense of others and to remind others how bad their companies are doing. All the numbers are posted here, not to brag or gloat, but to display exasperation at a recalcitrant management.

If you can't see the difference, there is no point in engaging with you on this topic.

 

[Flip Conroy]

Good thing you guys didn't post any Southwest Airlines numbers or else everyone would be jumpin your $hit. They would call you a bunch of names too.. I've seen it happen, time and time again.

I believe that says more about YOU than it does about any other poster, any "Southwest Airlines numbers" or anything else.

 

[SWA/FO]

When you've posted SWA nums in the past, it's been to gloat at the expense of others and to remind others how bad their companies are doing. All the numbers are posted here, not to brag or gloat, but to display exasperation at a recalcitrant management.

Double standard. gimme an H Y P O C R I T E S

hypocrite >noun a person who is given to hypocrisy.
-DERIVATIVES hypocritical >adjective hypocritically >adverb.

gloat >verb contemplate one's own success or another's misfortune with smugness or malignant pleasure. >noun an act of gloating.
-DERIVATIVES gloater >noun gloating >adjective & >noun.
-ORIGIN originally in the sense 'give a sideways or furtive look': of uncertain origin.

looks as if you guys are gloating..... at the expense of others. Fed Ex is a CARGO airline, why would you post numbers on this message board? Looks as if your reminding us as to how bad our companies are compared to Fed Ex.. I consider this shameful. So when I post numbers its not good, but its ok with da freight dogs to do it?

the SWA/FO has spoken, again

imp: :bomb:

 

[AlbieF15]

RECALCITRANT....

Dang Magnum, I'm impressed. Pretty good word from a fighter pilot...

 

[FlyBoeingJets]

Congrats FedEx.


Good job kicking DHL's butt.

 

[Deuce130]

Double standard. gimme an H Y P O C R I T E S

hypocrite >noun a person who is given to hypocrisy.
-DERIVATIVES hypocritical >adjective hypocritically >adverb.

gloat >verb contemplate one's own success or another's misfortune with smugness or malignant pleasure. >noun an act of gloating.
-DERIVATIVES gloater >noun gloating >adjective & >noun.
-ORIGIN originally in the sense 'give a sideways or furtive look': of uncertain origin.

looks as if you guys are gloating..... at the expense of others. Fed Ex is a CARGO airline, why would you post numbers on this message board? Looks as if your reminding us as to how bad our companies are compared to Fed Ex.. I consider this shameful. So when I post numbers its not good, but its ok with da freight dogs to do it?

the SWA/FO has spoken, again

imp: :bomb:

Fedex is a Major. Heck, it's probably one of 2 or 3 MAJORS that still deserve to be called that. Get over it and get used to it.