Earnings report Jan 30
02-01-2024 | 04:46 PM
#31
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https://www.freightwaves.com/news/fe...hter-operators
FedEx has 407 mainline aircraft in its fleet, while rival UPS operates about 290 aircraft, according to fact sheets from each company. “We applaud management for trying something new with the air network, but suspect this is lending back to the FedEx of old, focused on service improvements. While reallocating air capacity to improve transit times is admirable, the overarching and long-term problem at Express has been and remains excess network capacity,” said Barclays transportation analyst Brandon Oglenski, in a research report. “While it may initially hurt, we think true margin improvement and finally earning returns in excess of the high levels of capital required to run Express would take a structural 20%-to-30% reduction in capacity from current operations, which just does not seem to be in the cards with current management plans.”
FedEx has 407 mainline aircraft in its fleet, while rival UPS operates about 290 aircraft, according to fact sheets from each company. “We applaud management for trying something new with the air network, but suspect this is lending back to the FedEx of old, focused on service improvements. While reallocating air capacity to improve transit times is admirable, the overarching and long-term problem at Express has been and remains excess network capacity,” said Barclays transportation analyst Brandon Oglenski, in a research report. “While it may initially hurt, we think true margin improvement and finally earning returns in excess of the high levels of capital required to run Express would take a structural 20%-to-30% reduction in capacity from current operations, which just does not seem to be in the cards with current management plans.”
Last edited by Precontact; 02-01-2024 at 05:12 PM.
02-01-2024 | 05:01 PM
#32
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02-02-2024 | 03:09 AM
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02-02-2024 | 11:16 AM
#36
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From: MD-11
02-02-2024 | 01:04 PM
#38
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02-03-2024 | 01:16 AM
#40
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From: MD-11
NRT alone FDX flies to OAK, MEM, ANC, CAN, SIN, CDG, ICN, KIX, etc.
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