AIR Inc. took special note of FedEx... which analysts expect will report a huge drop in profits. As ANN reported, if that's the case the package-shipping giant will be forced to cut jobs, retire jets and scale back expansion plans.
FedEx has already announced it will be retire all (14) DC-10s, park all (66) A310s and replace its 85 B727s with B757s. The shipping giant has also said it is overstaffed by 700 pilots, though for now FedEx plans to cut flight hours to avoid furloughs.
Link to the article is below.....interesting if true.
For a company that seemed to "know something" about this industry they sure didn't seem to know much about their own future...
AIR, Inc. ceased operations
effective 2/13/2009.
It has been an honor and a privilege to serve you during the past 20 years. However, the current status of the airline industry and the economy has made our business unsustainable, and we are closing.
We have made arrangements with FltOps.com to provide services at no cost to all current AIR, Inc. members or subscribers for the duration of their current membership or subscription. Enrollment in this special offer ends on April 15, 2009.
04-15-2023
AIRLINE
