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FedEx 3Q earnings tumble 75%
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<blockquote data-quote="TechGrrl" data-source="post: 547146" data-attributes="member: 4932"><p>Sorry, pal, I'm not a beancounter, and I do know what I am talking about. Does the concept of amortization have any meaning to you? Even though a DC-8 or a 727 is "paid for" in the sense there is no outstanding debt left on the purchase, there is still a very high cost of ownership to operate beasts like that. 4 engines burn more fuel than 2, and 3 people in the cockpit is 50% more than 2 people in the cockpit. And each airplane requires at least 3 full crews, usually 4 or more, to cover vacations, and the fact that a pilot is only able to fly 100 hours per month.</p><p></p><p>As far as "only seeing numbers", when the numbers have as many zeros trailing as airline costs do, it's a good idea to see the numbers first. One extra airplane = approximately $100 million in excess costs. One extra package car on the road, or even one extra feeder driver on the road, is, comparatively, chump change.</p><p></p><p>And the pilots may make too much money from our lowly point of view, but they have legally negotiated the deal with the company, and that's the way it works in a free market. Go to flight school, accumulate about 1,000 hours in a cockpit, and apply for a job as a pilot. That's also the way it works in a free market. We get to choose what we want to be when we grow up.</p></blockquote><p></p>
[QUOTE="TechGrrl, post: 547146, member: 4932"] Sorry, pal, I'm not a beancounter, and I do know what I am talking about. Does the concept of amortization have any meaning to you? Even though a DC-8 or a 727 is "paid for" in the sense there is no outstanding debt left on the purchase, there is still a very high cost of ownership to operate beasts like that. 4 engines burn more fuel than 2, and 3 people in the cockpit is 50% more than 2 people in the cockpit. And each airplane requires at least 3 full crews, usually 4 or more, to cover vacations, and the fact that a pilot is only able to fly 100 hours per month. As far as "only seeing numbers", when the numbers have as many zeros trailing as airline costs do, it's a good idea to see the numbers first. One extra airplane = approximately $100 million in excess costs. One extra package car on the road, or even one extra feeder driver on the road, is, comparatively, chump change. And the pilots may make too much money from our lowly point of view, but they have legally negotiated the deal with the company, and that's the way it works in a free market. Go to flight school, accumulate about 1,000 hours in a cockpit, and apply for a job as a pilot. That's also the way it works in a free market. We get to choose what we want to be when we grow up. [/QUOTE]
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