Friday, December 05, 2008

It doesn't feel like Peak Season

This is the time of year where its past when a water borne shipment can fill a Christmas shortfall, so the air freight market normally is at its peak. With jet fuel prices plummeting... One would expect good freight profits. But...

" It doesn't feel like peak season here at FedEx. 12 wide-bodies will be parked this month and an additional 8 more in January. No plans to lay-off or furlough any employees. We will decline 15 options for A310 in early 2009.

Note: FedEx declining the A310 (used aircraft converted to freighters) is no surprise with their standardization on 757 based freighters.

How many airline employees are going to be laid off?

Got Popcorn?


donald said...

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M said...

Interesting point. Never trust an employer when thee company is having profit issues and they state that there are no plans for a lay- off.