Originally Posted by
fdx727pilot
While a nice number, it contrasts with this
FDX: Key Metrics and Competitive Analysis for FedEx - Wikinvest
which gives us $1.75 B for the whole year, and for the whole corporation vs Fedex Express. I have trouble believing the money the tech geeks and truck drivers earn us has anything to do with the cost of safely operating jets.
Fedex can still afford to operate under the new rules, but I don't think your numbers reflect the reality of our situation.
He is misinterpreting "Gross Profit". Google it. For FedEx it is essentially gross revenue. You have to subtract operating expenses, taxes, and interest to get net income, which is what most of us think of when we hear "profit."
As far as operating under part 117, I agree. Now we have a target for scheduling improvements in the CBA