FedEx Hints At Future Course Through Grim Asia, U.S. Growth: Analyst - Forbes
Savvy investors interested in FedEx’s future course through the weak global economics—particularly the troubling situations in the U.S., Europe and Asia—should pay attention to an recent adjustment in its aircraft order, says Citi analyst Christian Wetherbee in a new client note this morning.
FedEx decided to replace an order of four Boeing 777s with 19 smaller Boeing 767s, suggesting a dimmed outlook on the continued growth of long-haul intercontinental lines, like Asia to the U.S.
Savvy investors interested in FedEx’s future course through the weak global economics—particularly the troubling situations in the U.S., Europe and Asia—should pay attention to an recent adjustment in its aircraft order, says Citi analyst Christian Wetherbee in a new client note this morning.
FedEx decided to replace an order of four Boeing 777s with 19 smaller Boeing 767s, suggesting a dimmed outlook on the continued growth of long-haul intercontinental lines, like Asia to the U.S.
