Stay at FedEx. We are still profitable.
At some time in the future, a Von Mises crack up boom or a Hyman Minsky moment will come. You'd rather be here than a pax carrier when society figures out that the pancakes they've stacked have flattened to the thickness of tortillas. And the consequences of government debt cannot be put off forever.
The barriers to entry in this business will enable us to survive more easily than the passenger carriers. Much of the passenger carrying is discretionary travel. Much of the business travel could go to video conferencing in a depression. But I doubt Brick and Mortar will make a comeback.
Still, more freight will move to trucks. And ships. I couldn't foresee the impact of a bigger and better Panama Canal when I came here.
But the barriers to entry in this business are sizeable. After the next downturn, I doubt Amazon's access to capital will be as easy as it has been till now. Their profitability may not be sufficient to fund their desired expansion of infrastructure.