“So I think first and foremost is that we have -- if we think about the mid-range or the midpoint of the range as we head into Q4 is we are not expecting material impact because of the conflict in the Middle East.”

In context

“big piece of this, too, is the variable comp piece that we've been talking about. So I think those 3 factors are all in play. Operator: The next question is from Tom Wadewitz with UBS. Thomas Wadewitz: Congratulations on the strong results and execution. So I wanted to get your thoughts about the kind of potentially tighter airfreight market. I think the events in the Middle East and just how would you potentially see some benefit come through in your international? Would that be -- assuming there's a benefit from a tighter airfreight market, would that be on price? Would that be in the kind of IP freight or IP package? Or how do we think about the kind of -- maybe is that something you would expect? And where would that benefit come through in international? Brie Carere: Tom, it's Brie. So I think first and foremost is that we have -- if we think about the mid-range or the midpoint of the range as we head into Q4 is we are not expecting material impact because of the conflict in the Middle East. So I think that's the most important. From a fuel perspective, the fuel index is doing its job. It's adjusted weekly. It will cover and ensure that we maintain profitability. At the beginning of March, obviously, significant capacity came out of the market. Actually, I think at the peak, it was close to 20% of air cargo capacity came out. That has now leveled off, and it's closer to 10%. We have adjusted our pricing accordingly. We do have demand surcharges in place today. And so the team, as Raj mentioned, is just doing an outstanding job of keeping an eye on capacity, pricing, a huge shout-out to our air ops and our engineering team who are working tirelessly to manage this. But right now, we do not expect any material impact in Q4, and the team is just executing policy. Operator: The n”