Originally Posted by
boost
And just the airline side of things....
FedEx Express Segment
For the fourth quarter, the FedEx Express segment reported:
....Operating income of $426 million, down 31% from $613 million last year
Operating margin of 6.7%, down from 10.5% the previous year....
on the pilot web site the "operating income" is listed as "operating profit"
so.....I read this as profits were down 31%, but FedEx Express still made a
$426 million PROFIT for the fourth quarter alone (just the airline).
is that right?
and ONLY making a 6.7% profit overall vs. 10.5% same quarter last year.
even with all those mitigating factors that they try to list......these are still some VERY impressive PROFITS!!!
could it be that someone has just mismanaged (grossly) the pilot manning situation (and perhaps the incentives to man the FDAs) and that the company isn't really in any kind of financial trouble after all? (even with $130+/barrel oil) hmmmmm?