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fedex earnings up 40%
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<blockquote data-quote="moreluck" data-source="post: 121976" data-attributes="member: 1246"><p>FedEx to spend $2.6 bln to replace fleet</p><p> </p><p>By Ana Campoy</p><p>Last Update: Sep 25, 2006</p><p> </p><p> </p><p><a href="http://www.marketwatch.com/tools/quotes/detail.asp?view=detail&symb=FDX" target="_blank"><u><span style="color: #0000ff">FDX</span></u></a> ) on Monday said it will spend $2.6 billion in a multi-year program to buy and modify about 90 Boeing Co 757-200 aircraft to replace FedEx Express's fleet of Boeing 727-200s. The company said it doesn't expect the program to materially affect earnings. Replacing the planes will result in lower operating costs and reduce green house emissions, it added. FedEx included the capital impact of the program on the current fiscal year in its first-quarter earnings release. It added that its capital spending forecast for 2007 remains at $3 billion. FedEx Express expects to bring the new aircraft into service between 2008 and 2016.</p></blockquote><p></p>
[QUOTE="moreluck, post: 121976, member: 1246"] FedEx to spend $2.6 bln to replace fleet By Ana Campoy Last Update: Sep 25, 2006 [URL="http://www.marketwatch.com/tools/quotes/detail.asp?view=detail&symb=FDX"][U][COLOR=#0000ff]FDX[/COLOR][/U][/URL] ) on Monday said it will spend $2.6 billion in a multi-year program to buy and modify about 90 Boeing Co 757-200 aircraft to replace FedEx Express's fleet of Boeing 727-200s. The company said it doesn't expect the program to materially affect earnings. Replacing the planes will result in lower operating costs and reduce green house emissions, it added. FedEx included the capital impact of the program on the current fiscal year in its first-quarter earnings release. It added that its capital spending forecast for 2007 remains at $3 billion. FedEx Express expects to bring the new aircraft into service between 2008 and 2016. [/QUOTE]
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