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UPS Pilot Furloughs Suspended

LOUISVILLE, March 6, 2003 - UPS today announced it had suspended plans =
to
furlough up to 100 pilots, thanks in large part to a favorable response =
to
voluntary leave and separation offers.=20

Last month, the company projected it might have to furlough up to 100 =
pilots
in 2003 - the first in the company's history - because the continued
modernization of the UPS jet fleet was replacing planes requiring three =
crew
members with planes requiring two. The first 19 pilots were identified =
for
furloughs by the end of March, although the company made clear it hoped =
to
avoid that step through voluntary leave and separation programs.

"We had hoped the voluntary leave and separation offers would be =
effective
and they certainly have been," said Airline Operations Manager Rick =
Barr.
"The response has allowed us to suspend these furloughs for the =
foreseeable
future."

A total of 36 pilots have asked to participate in the Voluntary =
Separation
Plan and the Voluntary Leave of Absence Plan. That number, when combined
with the 56 UPS pilots now on active military duty, is sufficient to =
allow
suspension of the furlough plan, Barr added.

Founded in 1907, UPS is the world's largest package delivery company and =
a
leading global provider of specialized transportation and logistics
services. Headquartered in Atlanta, the company serves more than 200
countries and territories and resides on the Web at UPS.com. UPS =
Airlines,
launched in 1988, currently is the 11th largest airline in the world and
flies more than 1,000 flight segments each day.

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