Air Transport World

FedEx Corp.(Cargo)(Brief Article)

FedEx Corp. posted net income of $838 million for the fiscal year ended May 31, a 1% improvement over $830 million earned in the prior year. Operating revenues, which were boosted by the acquisition of Kinko's, jumped 10% to $24.71 billion while operating expenses climbed 11% to $23.27 billion despite approximately $150 million in savings realized during the year through business realignment programs. …

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