Air TransportFedEx retires 12 older aircraft amid adjustments to cargo capacity and demand
FedEx announced in its earnings report for the fourth fiscal quarter, which ended May 31. Among the measures approved are the early retirement of 12 aircraft.
According to the company, seven A300-600Fs, three MD-11Fs and two Boeing 757-200s were retired from service, in addition to eight replacement engines, at a cost of US$ 21 million.
The aircraft have a high average age, around 30 years or more. However, there are still 51 A300s, 25 MD-11s and 82 757-200s in service.
Another 22 757s were retired in the fourth quarter of last year.
On the other hand, FedEx has added two Boeing 777Fs and seven new 767Fs since last year. It plans to take delivery of another seven 767-300Fs in 2025.
The Memphis-based carrier has also ordered eight new 777Fs while it plans to keep its remaining MD-11s in service through 2032, instead of 2028.
FedEx’s revenues increased slightly, by 0.4% year-over-year, to $22.2 billion, while operating profit grew by 14.7%, to $1.8 billion.
According to the group’s CEO, Raj Subramaniam, the company had to deal with challenges such as the end of its contract with the US Postal Service, market volatility and the implementation of tariffs by the Trump administration.
To overcome these obstacles, FedEx said it has made its network more flexible to meet changing demand.
The results were released shortly after FedEx founder Frederick W. Smith died at the age of 80.
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