Ahead of holidays, FedEx leans on special bonuses to keep pilots from retiring

Discussion in 'The Latest FedEx Headlines' started by cheryl, Oct 4, 2018.

  1. cheryl

    cheryl I started this. Staff Member

    Ahead of holidays, FedEx leans on special bonuses to keep pilots from retiring - Reuters

    Santa’s sleigh cannot fly without its pilot.

    With the peak holiday shipping season fast-approaching, global package delivery giant FedEx Corp is paying retirement-age pilots bonuses of $40,000 - and potentially as much as $110,000 - to keep them flying into next year, according to two sources with knowledge of the matter and a contract seen by Reuters.

    The bonuses, outlined in the latest pilot contract and previously unreported, reveal that a wave of pilot retirements, global pilot shortages and rising cargo demand fueled by the growth of global e-commerce are straining the world’s largest air delivery fleet.