FedEx to trim 14 jets from fleet
FedEx says it will permanently remove 14 jets from service as part of an overall plan to reduce capacity amid weak economic conditions.
FedEx says it will permanently remove 14 jets from service as part of an overall plan to reduce capacity amid weak economic conditions.
The company will remove the jets — 10 Airbus A310s and four Boeing MD10s — by May 31, along with some excess engines. It will take a $180m charge for the move.
FedEx expects to take delivery of newer, more fuel-efficient aircraft in fiscal year 2010, which begins June 1. It says it still has a “limited amount” of aircraft grounded because of overcapacity. It warned that more cutbacks will result in more charges.
