FedEx to park narrowbodies as widebodies return for peak
The company is looking to cut costs to face a decrease in freight demand
FedEx intends to send around eight narrowbody freighters into storage as part of a plan to reduce costs amid more challenging market conditions, according to the express integrator during its quarterly earnings call with analysts today. Executive Vice President and Chief Financial Officer Michael C. Lenz indicated the company will reduce flight frequencies and place […]
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