FedEx to retire 24 more aircraft, take $84 mln charge in Q4

Discussion in 'The Latest FedEx Headlines' started by cheryl, Jun 5, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx to retire 24 more aircraft, take $84 mln charge in Q4 - Reuters

    It has already retired five aircraft this quarter and plans to shed 21 more in the next fiscal to modernize its fleet.

    "Along with the decisions to retire these 50 aircraft, we are also developing detailed operating and cost structure plans to further improve our efficiency," FedEx Express CEO David Bronczek said in a statement.