UPS has engaged in a company-wide, $1.4 billion cost-cutting effort that included a freeze on management salaries in 2009; suspension of the match for 401(k) plans; trimming capital expenditures, and retiring older aircraft.

Wow, didn't I recently read that this effort was just cancelled due to the triple 4th quater profit UPS made and the problem of having too much cash?

Been nice flying with you guys (at the last job I will ever have), see you in about 33 months or so. Until then, fly safe.