"We're confident investments in the Boeing 777's and 757's will improve returns for our shareowners by increasing margins, returns on invested capital and cash flow," said Chairman and Chief Executive Fred S, during a post-earnings call with analysts.
In April, FedEx Express added a ninth trans-Pacific schedule for the 777 to Asia from the U.S. It also added a third scheduled daily flight from Asia to Europe, providing the first next-day service from Hong Kong to the continent.
"This additional frequency provides needed capacity from Asia to the U.S," Smith said. "Our international capabilities are simply unmatched."
The order value of the Boeing (
BA ) jets is $6.7 billion, and it includes 15 B777 freighter jets and some B757s.
FedEx (
FDX ) said that despite the financial troubles among the EU's southern countries, growth in the region and across the globe remains strong, and it is recommissioning retired jets to help with the growing demand.
Last year FedEx (
FDX ) re-introduced six aircraft to its fleet, and it expects to re-introduce more than that over the coming year. .