Air Transport World

FedEx Corp.(Cargo)(company sales )(Brief Article)

FedEx Corp. reported net income of $354 million for its FY05 second quarter ended Nov. 30, much improved over income of $91 million in the year-ago period. The 2004 results included a one-time charge of $48 million related to the US Dept. of Transportation's recent decision rejecting FedEx's arguments for additional 9/11-related compensation and directing it to repay a portion of the compensation already received. This was offset partially by other factors. Last year's second-quarter results included $283 million in special charges.

Revenues rose 24% to $7.33 billion while operating expenses climbed 17% to $6. …

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