We just wrote off $900 million to rename Kinko's, for crying out loud. They're paying us(the pilots) $1 million a month for not working, rather than furlough. FDX raised the dividend again last quarter. We're expanding in Europe and opening a large new hub in Asia. And last, but certainly not least, APU usage is down.

My gut feeling is that FDX is well poised for a turnaround in the economy.