Driven by growing revenues on transpacific services, FedEx posted fiscal fourth-quarter net income of $568 million, a 26.8% increase over earnings of $448 million in the year-ago quarter. The FedEx Express airline segment produced operating income of $560 million for the period ended May 31, a 29.9% improvement over $431 million last year. Perhaps more importantly, Express achieved an operating margin of 10%, a figure that long has been a target of FedEx executives. "We're certainly looking ...

Subscribe to Access this Entire Article

"FedEx profits soar to $1.8 billion for FY06" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.