Air Transport World

FedEx Corp.(Cargo)(Brief Article)

FedEx Corp. posted net income of $330 million for the fiscal first quarter ended Aug. 31, more than double income of $128 million in the prior-year period, which was net of business realignment costs totaling $132 million and a one-time tax benefit resulting from a favorable court ruling.

Revenue rose 23% to $6.98 billion. This included $490 million from FedEx Kinko's, which was acquired in late FY04. Operating expenses also rose, climbing 17% to $6. …

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