FedEx Express, the airline unit of the global delivery giant, reported operating income of $467 million for its fiscal first quarter ended Aug. 31, widened from operating income of $285 million in the year-ago quarter, as revenues jumped 10% to $5.64 billion. Express operating margin in the quarter was 8.3%, up from 5.6% in the year-ago period. "Operating income and margin during the quarter improved due to revenue growth, revenue management and effective cost cuts," the company said. ...

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