Air Transport World

FedEx Corp. (News Briefs: Cargo).(net income for second fiscal quarter)(Brief Article)

FedEx Corp. reported net income of $245 million for its fiscal second quarter ended Nov. 30, unchanged from the prior year. Revenues for the quarter rose 10% to $5.67 billion against an 11% increase in expenses, and operating income dipped 1% to $427 million from the previous year's $433 million. The FedEx Express unit reported net income of $127 million in the quarter, off 29% from $178 million. …

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