Fleet Grounding Impact
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FedEx anticipates MD-11 aircraft return in spring period
Yahoo Finance· 2025-12-19 23:32
FedEx expects to incur $175 million in extra costs to overcome lost capacity from the mandatory grounding of its MD-11 air cargo fleet during the peak shipping season and now anticipates the flying prohibition will be lifted sometime in the spring, Chief Financial Officer John Dietrich said Thursday. The fleet update came as FedEx Corp. blew past expectations for the fiscal year second quarter behind strong yields and volumes for the core package business and continued savings from a multiyear streamlini ...