FedEx Express MD-11F. By Rob Finlayson FedEx said it is seeking $1.7 billion in annual profitability improvement by 2016 and indicated that cuts and changes to its air-intensive FedEx Express unit will be central to achieving the earnings increase. FedEx’s net profit for its 2012 fiscal first quarter ended Aug. 31 was down 1% year-over-year to $459 million, a rare earnings decrease for the company (ATW Daily News, Sept. 19). Net income for its 2011 fiscal year ended May 31 was ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.