Source: Exhibit FX-R-3 and FX-R-8 Economic Impact (Millions) Docket OST Exhibit FX-R-1 Page 1 of 1 THE PROPOSED FEDERAL EXPRESS U.S.-CHINA SERVICE WILL GENERATE SIGNIFICANTLY GREATER ECONOMIC BENEFITS TO THE U.S. THAN EITHER THE NORTHWEST OR UNITED PROPOSALS Economic Impact Per Frequency

Source: Exhibit FX-R-3 and FX-R-8 Total Jobs Docket OST Exhibit FX-R-2 Page 1 of 1 Jobs Per Frequency THE PROPOSED FEDERAL EXPRESS U.S. - CHINA SERVICE WILL GENERATE 24,000 TO 34,000 MORE U.S. JOBS THAN EITHER THE NORTHWEST OR UNITED PROPOSAL

UNITED AIRLINES’ U.S. - CHINA YIELDS HAVE DECLINED SIGNIFICANTLY SINCE 1997 Source: U.S. DOT Origination-Destination Passenger Survey via Data Base Products 0 Docket OST Exhibit FX-R-16 Page 1 of 1 Yield Index1st Qtr = 1.00

NORTHWEST’S FREIGHTER PROPOSAL WOULD SERVE AT MOST 40% OF THE CHINA - U.S. AIR IMPORT MARKET WHILE FEDERAL EXPRESS WILL SERVE 100% SIX DAYS A WEEK Narita Shanghai Anchorage 100% million lbs. 40% million lbs. China to U.S. FedEx Service 1/ Northwest Freighter Service 2/ Docket OST Exhibit FX-R-17 Page 1 of 1 1/ Six days a week 2/ Four days a week or less Source: Exhibits Northwest 7 and FX-R-22 States to be served by Northwest at least twice a week

NORTHWEST’S FREIGHTER PROPOSAL WOULD SERVE AT MOST 41% OF THE U.S. - CHINA AIR EXPORT MARKET WHILE FEDERAL EXPRESS WILL SERVE 100% SIX DAYS A WEEK Narita Shanghai Anchorage Seattle 100% 78.8 million lbs. 1/ Six days a week 2/ Four days a week or less Source: Exhibits Northwest 7 and FX-R-22 41% 32.6 million lbs. U.S. to China One day a week FedEx Service 1/ Northwest Freighter Service 2/ Docket OST Exhibit FX-R-18 Page 1 of 1 States to be served by Northwest at least twice a week

NORTHWEST AIRLINES’ U.S. - CHINA YIELDS HAVE DECLINED SIGNIFICANTLY SINCE 1997 Source: U.S. DOT Origination-Destination Passenger Survey via Data Base Products Yield Index 0 Docket OST Exhibit FX-R-19 Page 1 of 1 1st Qtr = 1.00

NORTHWEST AIRLINES’ U.S. - CHINA LOAD FACTOR HAS DECLINED SIGNIFICANTLY SINCE 1997 Source: U.S. DOT Origination-Destination Passenger Survey via Data Base Products Load Factor Index 0 Docket OST Exhibit FX-R-20 Page 1 of 1 March 1997 = 1.00