FedEx Corp. reported a $239 million net profit in its fiscal third quarter ended Feb. 28, more than double the $97 million posted in the year-ago period, driven by significant improvement at its FedEx Express segment. "Outstanding execution of our business strategy and an improving global economy drove solid financial performance," Chairman, President and CEO Frederick Smith said. Group revenue was up 7% to $8.7 billion and operating income soared to $416 million from $182 million in the ...

Subscribe to Access this Entire Article

"Express segment fuels FedEx profit surge" 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?

Already registered? here.