FedEx First Year Pay / Pay During Training

[GeorgeWBush]

Are there any guys/gals recently hired by FedEx out there that can answer these two questions for me?

1. What was your monthly take home during ground / simulator training?

2. What is the average monthly take home pay the first year as a SO?

Thank you very much!

W

 

[PurpleTail]

Its been a couple of years but here ya go:

Pay $2000 a month while in training--pay is on the 15th & 30th so $1000 a paycheck. After taxes, depending on where you live, with 10 dependants claimed (just during training) take home is about $775-825 a check.

There are lots off crashpads in MEM in the $200 month price range, a case of Ramen noodle and Keystone Light and you'll be good.

Once out of training you can expect to make roughly $3500-$3800 a month (70-74 hrs @ $50/hr). Figures do not include any extra flying which is possible because we are a little thin in the back of the 72.

Hope this helps, good luck.

 

[GeorgeWBush]

Thank you. That helps.

 

[Huck]

I try and post a warning for new hires here every once in awhile: MAKE SURE what kind of health insurance you qualify for before you get rid of your old coverage or lose your chance to COBRA it.

I got hired when my wife was 7 months pregnant. Due to where I live (rural Alabama), I could only get the 80/20 plan. That means 20% is my responsibility, up to about $1700/ person per year.

My babies have had a few health problems and hospital stays, and my wife had an operation for kidney stones. The result: over $10,000 in co-pays in two years. REALLY hurt on first year pay. Nothing like negotiating with the hospital for payment extensions - oh yeah I'm a Fedex pilot - we just have crap insurance.... ASA and Gemini were both better. In hindsight it would have been alot cheaper to move to Mempho.

Great job but just know about this one pitfall.

 

[Falconjet]

Huck: That is a bummer. But it should be emphasized that the type of coverage you can get is dependent on WHERE your FAMILY lives, which can be either good or bad. If you live in Memphis, the basic POS insurance where you can pick your provider and the copays are very reasonable (if you are military think Tricare prime, except the dental is included as well). In Memphis you pay only 90 per month for the whole fam damily for POS, with DENTAL coverage included. Again, this all depends on where your family lives and where they would normally get health care. Compared to all I had before (Tricare) the FedEx health benefits are WAY better (living in a fairly metropolitan area, Memphis).

Something new hires might want to consider, definitely.

Another caveat about the first year pay. If you get stuck on reserve during the first year (like most will for at least several months) the minimum reserve guarantee is 68 hours for a 4 week month, so unless you work extra just bank on $3400 per month gross pay after you activate to the line. 5 week months (usually 4 per year) min guarantee for reserve is 85 hours, so your gross pay would be about $4250 those months. Lately in the Boeing the reserve guarantee has been running just a little over the min guarantee. Some regular lines will have up to 76 hours in a 4 week bid month, but some only have the minimum also. It is easy to work extra (at straight pay - boo) with the many calls for draft (time and a half - go for it!) as well if you need to bank some more.

FJ

 

[PurpleTail]

The bean counters have approved hiring through the end of '05 so if you got on property before the summer you wouldn't be on reserve long.

Sorry to hear about the lack of coverage in rural AL Huck. I live in a POS covered city (LAS) and during my wife's pregnancy all of for her doctors visits were covered and 4 days stay in the hospital (c-section) for a whopping grand total of $100.00 for everything. It really does matter where you live so do your homework.

Individual coverage is $10 month and family coverage is $90 month, not to bad.

 

[VaB]

The bean counters have approved hiring through the end of '05 so if you got on property before the summer you wouldn't be on reserve long.

A) Where did you here that?

B) How many?

I've heard several new rumors suddenly flying around. Supposedly, we are getting the Delta MD11's, 8 of them. On top of that, they've scratched up 10 more from some Asian airline. That's a total of 18 new Maddogs. On top of that crazy rumor, I heard from a different source the answer to question B above is 600. That's almost so stupidly high a number that I hesitated to repeat it, but I've heard it a few times the last week or 2. Of course since we all know that the frequency of a rumor being told/heard is inversely proportional to the actual probability of aforementioned rumor being true, take it for what ya paid for it. Lot's of stuff going on with China though, so who knows.

Later.

 

[PurpleTail]

VaB-

I took a friend of mine I am trying to get hired by the 72 ACP office for a nice 20 min meeting and then by JL office for about a 5 min sit down.

I got the same story from both of them: Barring any major event (terrorist attack, stock market crash, political policy) we are hiring @ 24 month until end of '05/first of '06.

The 8 MD11's from Delta are a done deal. The 10 from some Asian outfit is a new one to me. Lots of movement over the next couple of years, I hope.

 

[FoxHunter]

VaB-


The 8 MD11's from Delta are a done deal. The 10 from some Asian outfit is a new one to me. Lots of movement over the next couple of years, I hope.

I've seen a list of 8 MD11s from Delta, 3 from a South American airline, 1 from an Asian airline, and 1 from an unknown source. It appears that two of these are already freighters and will arrive before the end of the year. There are also 6 MD10s scheduled to go into service before 30 Mar 05 plus another 6 before the end of 2005.

 

[maddoggiestyle]

I heard the 3 from South America are from Varig. Also, the number I heard for next year was 380. That was from a captain who said he got it from PB in standards. Good luck to all you hopefuls out there!

 

[F18-FDX]

As mentioned, the Delta MD-11s are a done deal. The following article was posted on the FedEx pilot website almost a month ago:

Delta Air Lines has agreed to sell eight mothballed jets to FedEx in a move likely to give the ailing airline a cash boost of more than $200 million.

Delta confirmed the planned sale after FedEx said Wednesday it plans to buy eight MD-11 passenger aircraft. Delta owns eight MD-11s that it hasn't used since last year.

"We've entered into an agreement for FedEx to purchase the remaining eight MD-11s," said Delta spokesman John Kennedy.

He declined to give more details.

BACK Aviation, a consulting firm that is not involved in the deal, said Delta's MD-11s are worth $240 million to $256 million but would likely sell at a discount.

The deal will give Delta some much-needed cash as it struggles to avoid a bankruptcy filing, said Michael Allen, chief operating officer at BACK Aviation. "They're working very hard to get through this," he said.

Delta, which has lost $5.6 billion since 2000, has warned that it faces bankruptcy if it can't quickly rein in high costs and reduce $20 billion in debt and long-term lease obligations.

Absent the effect of the airplane sale, Delta's falling cash reserves are expected to drop below $1.5 billion sometime this fall. Analysts say that is a possible trigger point for a Chapter 11 case.

Delta grounded all its MD-11s last year, and the eight being sold have been parked at a desert airport near Phoenix.

Market values for MD-11s plunged after the Sept. 11, 2001, terrorist attacks, partly because they are no longer manufactured and never became a widely used aircraft. Delta bought its MD-11s when the model hit the market in the early 1990s.

"It's kind of an oddball in the fleet" for most carriers, said BACK Aviation's Gueric Dechavanne.

The exception is FedEx, which has the world's largest fleet of MD-11s. The Memphis-based delivery giant has bought many MD-11s for conversion to its cargo fleet. With 42 of the aircraft, FedEx owns more than 20 percent of all MD-11s in use, according to BACK Aviation. Cargo rival UPS has 13 of the planes, the consulting firm said.

Separately on Thursday, a former Delta affiliate that has since become a discount rival said it will excercise a contract right requiring Delta to take up lease payments on 30 regional jets that it formerly flew for Delta.

Delta previously estimated that it may have to pay $300 million over 13 years for the leases.

The parent company of Independence Air said in a regulatory filing that it will require Delta to assume leases on 30 Fairchild Dornier regional jets.

The company, previously called Atlantic Coast Airlines, flew the jets as part of Delta's regional carrier operation, but Delta terminated the contract earlier this year when ACA re-launched itself as a discount carrier based at Washington's Dulles Airport.

Russell Grantham
Atlanta Journal-Constitution

09/24/2004

 

[Huck]

So when's the next bid??????