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FedEx Cutting Costs .. Reducing Flights

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Old 09-27-2022 | 06:13 PM
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Originally Posted by PurpleToolBox
That's domestic. All of the reductions in the earnings call were for International and more cuts to be made after peak.
  • 11% Trans-Pacific daily frequencies
  • 9% Trans-Atlantic daily frequencies
  • 17% of Asia to Europe daily frequencies
  • Additional reductions to be taken post peak

That data is comparing Covid peak frequencies to new frequencies. If you compare the reduction amount to pre Covid frequencies and block hours it’s still a substantial net gain. I hope no one honestly thought that amount of frequency and block hours was gonna last forever.

The 10Q has an updated fleet delivery schedule also for 76/77.
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