Due to the large size of the Excess Posting that was canceled, expect the company to come out with a much smaller version of an Excess Bid. This way they can crunch numbers, tweak and evaluate the long term financial impact. Just think baby steps before the "F" bomb gets dropped.

I'm sorry but if I were in the bottom 200-400 pilots I'd be looking hard and heavy at a back up plan and expect to be on the street by the end of summer. It's not just FDX, EVERYONE is taking it in the shorts right now with no real end in sight. So what makes us any different? Nothing. And when the economy does rebound it will be slow and gradual. Probably not what you want to hear but reality is just that and the numbers do not lie, no matter how you spin them.

Best of luck.