FDX - Seems to be old news, I hope.
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FDX - Seems to be old news, I hope.
FedEx to trim 14 jets from fleet amid weak economy
FedEx to trim 14 jets from fleet amid weak economy
Monday, April 13, 2009
(04-13) 14:01 PDT New York (AP) --
FedEx says it will permanently remove 14 jets from service as part of an overall plan to reduce capacity amid weak economic conditions. The Memphis, Tenn.-based company will remove the jets — 10 Airbus A310s and four Boeing MD10s — by May 31, along with some excess engines. It will take a $180 million charge for the move.
FedEx Corp. expects to take delivery of newer, more fuel-efficient aircraft in fiscal year 2010, which begins June 1.
The package delivery company says it still has a "limited amount" of aircraft grounded because of overcapacity. It warned that more cutbacks will result in more charges.
FedEx to trim 14 jets from fleet amid weak economy
Monday, April 13, 2009
(04-13) 14:01 PDT New York (AP) --
FedEx says it will permanently remove 14 jets from service as part of an overall plan to reduce capacity amid weak economic conditions. The Memphis, Tenn.-based company will remove the jets — 10 Airbus A310s and four Boeing MD10s — by May 31, along with some excess engines. It will take a $180 million charge for the move.
FedEx Corp. expects to take delivery of newer, more fuel-efficient aircraft in fiscal year 2010, which begins June 1.
The package delivery company says it still has a "limited amount" of aircraft grounded because of overcapacity. It warned that more cutbacks will result in more charges.
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