Air Transport World

FedEx Corp. (Cargo).(fiscal year earnings)(Brief Article)

FedEx Corp. reported net income of $830 million for the fiscal year ended May 31, up 17% over net income 0f $710 million last year. Revenue increased 9% to $22.49 billion while operating income rose 11% to $1.5 billion. The FedEx Express division reported annual net income of $431 million, down 3% from net income of $443 million in FY02.

For the fourth quarter ended May 31, the parent recorded net income of $280 million, up 19% over net income of $236 million last year. …

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