Hindered by fuel and slowing economy, FedEx suffers profit drop

FedEx reported net income for its fiscal second quarter ended Nov. 30 of $479 million, down 6% from $511 million last year despite a 6% boost in revenue to $9.45 billion. Chairman, President and CEO Frederick Smith cited "high fuel prices and weak US economic growth" in explaining the profit drop...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.