FedEx Express, the shipping giant's airline segment, finished its fiscal year ended May 31 with a $794 million operating profit, down 58% from the $1.9 billion reported in 2007-08, while the company suffered a 91% plunge in consolidated profit to $98 million. "The operating environment for our first two quarters in fiscal 2010 is expected to be extremely difficult," corporate Executive VP and CFO Alan Graf Jr. said. "Manufacturing activity is expected to be substantially negative ...

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