Brie Carere: So, Conor, yes, so the assumption at the midpoint as Raj just mentioned would be 2% revenue growth. And as you think about the build-back from a revenue perspective, it’s important to note, I think Mike mentioned earlier, in the U.S. domestic, as we get late into Q1, early Q2, you will see volumes, Domestic, Express, and Ground parcel get to flat and then we do anticipate they will build-back from there. FedEx Freight will lag that slightly because, as Mike talked about the impact leg, and then when we get into our international business, the 800 is really yield impact. We are anticipating to build back some volume in our international business this year and again that will happen throughout the year. So that’s, yes, 2% is the midpoint, volumes will start to build back throughout the year.
Operator: The next question will come from Jeff Kauffman with Vertical Research Partners. Please go ahead.
Jeff Kauffman: Thank you very much. Brie, I just want to follow-up on that if I can. You gave your range of outcomes, but we do have higher interest rates, credit cards, I know there’s been a lot of chatter about school loans being paid later this year and that may be a negative for holiday season and e-commerce? As you look around the world, let me phrase it differently than you’ve been answering, where are potential green shoots starting to show up in your network or reasons for optimism, and where are we seeing let’s forget the international yields, but more in terms of activity that you’re seeing out there incremental red.
Brie Carere: Yes, absolutely, it’s a fair question. So we planned right now for flattish to single — low-single revenue growth and that’s really basically on the backdrop of the economy that we’re experiencing right now. We’re all watching the consumer, as Raj talked about, we are still seeing consumer strengths here in the United States, but we are seeing an e-commerce reset. So from a green shoots perspective, one of the things that we’re going to be looking at is that e-commerce growth, it’s sitting at 7% to 8%, it’s important to note our percentage of that is closer to 2% to 3%, because we don’t play in grocery and obviously within that 7% to 8% is also, buy online, pickup in-store, so we will be keeping an eye on that consumer strength here in the United States and would love to see, as we head into peak, a little bit of a different shift.
We have not seen that yet, but we’ll be watching for it. And then the other thing, from an Asia perspective is we’re going to watch closely on Asia reopening. We haven’t seen significant uptick there, but if that happens to Roger’s point, that will absolutely be a tailwind for us. And then, honestly, our own execution in Europe. I’m really pleased with the service that the European team is delivering. We’ve got some green shoots in the domestic markets in Europe and we’re working that really, really hard from an operations and a sales perspective. So there are definitely some green shoots we’re working on.
Operator: The next question will come from Helane Becker with TD Cowen. Please go ahead.
Helane Becker: Thanks, operator. Hi, team. So, easy questions. I think the pilots are rolling on a new contract and I’m wondering if the cost increase associated with that is included in the guidance. And the other part of the question is as you reach higher, your older aircraft, are you also retiring pilots or is there an excess of pilots?
