I do think the extensions were a good thing, given the specific circumstances at the time each was ratified. Knowning what I know now, I would still vote in favor of both again tomorrow as I believe our position to achieve parity is better than where FDX currently lies.

Do I wish the extensions had higher percentage raises, especially 2022? Yes, but they were contract extensions not full-term contracts and they didn't. Do I wish they had other times besides pay/pension (and vacation language in 2020)? Yes, but they were contract extensions not full-term contracts and they didn't.

Of COURSE what happens at UPS impacts FDX and what happens at FDX impacts UPS, ever said otherwise...but what happens elsewhere in the industry matters too. I think you are trying to "ah-ha!" us on our 2021 payrate (ratified in early 2020) while absolving yourself on 2023 payrates (ratified earlier that year) without regard to what happened in between.

So STIPULATED, Extension 2020 didn't immediately achieve an industry leading payrate - though it did in Extension 2020's final year.

Contract 2016 had its last raise on 1Sept20 of $337.56. Extension 2020 brought that up 4% to $351.16 on 1Sept21, which was $2.69/0.77% behind Delta's 1Jan19 A350 rate of $353.85. Yup, we didn't raise the bar on that 4% extension, but we did come in at $361.69 for 1Sept22 which was industry leading at that time. Then later the Company said they weren't going to talk to us during Teamsters, which lead to Extension 2022 which took that industry leading 1Sept22 payrate and increased it 4%/3.25%/3.25% - not earth shattering by any means especially given COVID, but raising the bar for the industry all the same.

I would submit if FDX's TA2023 DOS WB rate only lagged the industry leading rates by 0.77%, it would have overwhelmingly passed regardless of scope, R24 to R16, retirement splitting, etc. Instead, FDX TA2023 DOS WB rates lagged the industry leader by 8.38% ($35.01/hr), to say nothing of the gap between FDX NB rates and Delta 757/321 rates.

This ain't the droid you're looking for Broseph, but I'll leave you the last word on the topic...