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Of course not every year for 40 years. It is a metaphor relating to a story. The airlines struggled since deregulation in 1978 (which fedex was huge beneficiary) until late 2000 teens when some MBA figured to charge for bags. Since then they have turned a profit...

Fedex will have to fight hard to stay competative and maybe to even stay in business. Some ppl here sound like some Eastern guys I used to know...