FDX folks should understand the dynamic behind IPA Extension 2 that they don't face: a potential (I'd argue likely) UPS Teamsters strike on 1Aug23. Because of the very high possibility of that occuring for the first time since 1997, our CEO ordered all corporatewide resources with the authority to negotiate/agree to substantive items with IPA to Teamsters until their National Master and local Supplemental Agreements were completed. There are 350k Teamsters who can strike when their contract expires vs. 3400 pilots who can't strike until 30 days after NMB release, meaning we'd likely have 12-18 months of practically nothing being done in negotiations.

While not perfect, our extension continues annual raises to rates that will lead the industry as of 1Sept22, and increases/extends the Flat Dollar benefit for two more years, capturing hundreds more pilots, while we wait for the Teamsters issue to be resolved. When formal negotiations do begin in two years, hopefully other pilot groups (such as FDX) will have ratified agreements that exceed us to provide a pattern bargaining target.