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.
The $1.75 b number is net income. I believe I stated gross profit. Usually, two totally different items have a tendency to contrast. Gross income is an indication of the effectiveness of labor in the production cycle. Since this is essentially a labor issue, I used the gross income number to state my point. Additionally, " money tech geeks and truck drivers earn" are part of this cost" since there is essentially no product without them. I hope you also realize the cost of these drivers and tech geeks is also reflected in the net income number.