As FedEx predicted following the end of its fiscal third quarter, the company posted a strong financial performance for its fiscal fourth quarter ended May 31.
FedEx 777F. Photo: By Rob Finlayson. As FedEx predicted following the end of its fiscal third quarter (ATW Daily News, March 18), the company posted a strong financial performance for its fiscal fourth quarter ended May 31. Net income jumped 33% to $558 million from a $419 million profit in the prior-year period and quarterly revenue rose 12% year-over-year to $10.55 billion. With the strong finish, FedEx reported net income of $1.45 billion for FY2010-11ended May 31, up 23% from a ...
Subscribe to Access this Entire Article
"FedEx reports soaring fiscal fourth quarter, full year profits" 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.