This missive come out three days ago from the VP of Ops on the front page of PFC and I'm shocked nobody is talking about it.

My take is that there there is NOT going to be an excess bid after all after peak contrary to recent rumors. KIX hub to open in April, no mention of future changes to CAN hub.

Overall flight hours should remain steady, when 76's arrive more MD10's to be parked and an overall shift of freight between airplanes in the international theater.

Also looks like the writing is on the wall for ANC domicile after Nov '14.....

"...We have a tentitive flight schedule through Nov 2014 in ANC... ...it is possible that flying through ANC will decrease to a level that no longer makes it logical to designate it as a domicile."

Possible bid in Mar-Apr time frame to fill vacancies and realign crewforce to fill retirements and new aircraft arrival.

And sadly "......it is unlikely the company will be hiring any pilots in the next 12 to 18 months."

Lots of competition out there, growth is slow and we are still recovering from the 2008 meltdown.

All the more reason to not even mention the initials PiBS.