Thread: Peace Out FedEx
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Old 03-13-2024 | 03:10 PM
  #44  
Cachaco
CHILLAX
 
Joined: Dec 2023
Posts: 213
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Originally Posted by TheBear
I was tracking until the poster started complaining about paper towel rolls. I’ll give you fifty-fifty on the complaints.

i hope you’re happy in your new job. I have a feeling you’ll start to it hate the first few times your new carrier bites you. Fedex is my fourth 121 airline. First three were pax. Different planes and different paint. Same managerial thought process.

This place has lots of room for improvement and many ugly warts. To that point I will agree. But $2 billion a quarter in profit is great stability. Even if you are at the bottom of the list.
$2B a quarter 🙄. Last quarter barely earned $1B (directly from 10K, actually $900M GAAP). $1.08B 1Q. Net income of $3.9B for fiscal 2023. So $4B net income on $90B revenue, I would hardly say that is great stability.

And this is only because they started cutting costs like crazy, not increase in margins or lucrative margin business.
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