Not the whole picture. Subtract a bunch of CAs who instruct almost exclusively (PBS considers them eligible to bid, even though their schedules are full of pre-awards) and add 60+ FOs hired over the past few months that are not eliglble to bid yet. Yeah, you can add back in a few upgrades but nowhere near 60.

There is a reason CAs get 300% every other day and FOs are sitting on reserve not flying. They've also been taking trips from lineholders for FO consolidation. So yeah. Draw your own conclusions.