Originally Posted by
PicklePausePull
Mr. Smith made a comment in his recent address that putting economy freight in the belly of passenger airlines will increase FedEx Express traffic. While FedEX Express bottom line may certainly be improved, seems like this is a direct assault on shipping via organic assets (Purple Tailed Aircraft) which does not bode well for our pilot corps. Comments?
Glowing article on FDX, and some very good indicators on the express
FedEx Corporation (FDX): FedEx: Still Going Strong - Seeking Alpha
" operating costs fell 80 bps as a percentage of revenue bringing the operating margin to 7.3%.The diluted EPS reported by the company reflected a 13% increase to $1.57"
"expansions are being financed through the company's CFO. The company has no short reserves available but $3.9 billion was available last November after paying for tax refunds and financing pension obligations. This means that the company can further sustain such programs in the future.
It should be a tough sell for management to cry that they can't afford to settle a non-concessionary contract, with some $ & QoL improvements.