Our customers couldn't care less how many pilots it takes to get their packages to their destinations, so long as they get there on time.

Shipper, reading headline (as if they would ever bother to read the small print on page 23 of the business section) "FedEx furloughs 600 pilots": yawn.

Shareholders might have a different reaction (I think they would applaud a cut in costs and would react favorably, as would the market), but the customers, no way. We could be using moonbeams for all they know or care.

FJ