Originally Posted by
Pragmatic1
I stated the fact that FDX annual gross profit exceeds $30 billion. That's a fact and an appropriate use of the financial term. Maybe you would use a different comparison, but that does not make my comparison incorrect or confusing. It highlights the fact that the FAA's reasoning for exempting cargo carriers based on cost is flawed. I think we both agree FDX and UPS can afford to implement the changes. If the smaller cargo operations cannot compete in that environment, the free market says they will simply go out of business. Luckily, many of those jobs will be absorbed by the bigger companies. This certainly will be the case for many of the regional carriers in the passenger world since the cost of operating the 50 seat jets will surely increase under the new rules.
On the latter points we certainly agree. In fact I think both the we and the company would benefit from part 117 being applied to cargo. I haven't read all 300+ pages yet, but it seems our competition would be much more affected than us.