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FedEx cuts 29 aircraft from fleet due to reduced demand.

1 min read
Source: AIRLIVE
FedEx cuts 29 aircraft from fleet due to reduced demand.
Photo: AIRLIVE
TL;DR

FedEx plans to retire 29 aircraft from its fleet this year, including nine additional MD-11 freighters. However, the company's mainline fleet will grow by 10 aircraft this year as Boeing planes ordered years ago are delivered. FedEx reduced global flight hours by 12% year over year during the fourth quarter, and the overall fleet size decreased by 10 units during the fiscal year. FedEx currently has 700 aircraft, including 407 mainline aircraft and 293 feeder aircraft.

Topics:business#aircraft#business#delivery#fedex#fleet#retirement
Share this article
  1. FedEx to ground 29 more aircraft  AIRLIVE
  2. FedEx downsizes fleet, cutting 29 aircraft amid reduced demand  AeroTime
  3. FedEx Downsizes as Revenues Fall  Airways Magazine
  4. FedEx to shut down 29 more aircraft as demand shrinks  FreightWaves
  5. FedEx stock comes roaring back to erase earnings stumble  Seeking Alpha

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