Cargolux nabs three 747-400ERFs as ASL restructures leased fleet

Last year, Cargolux confirmed plans to add three used 747-400ERFs to its fleet in 2019. At the time, a number of sources for the aircraft were possible, but now that a Luxembourgian registration has been reserved for the first aircraft (35236, ex-ASL Airlines Belgium) the identities of the other two incoming 747-400ERFs begin to emerge. […]
  • Charles Kauffman
  • April 8, 2019

FedEx reaps benefits of tax cuts in 3Q18

FedEx reported operating income down 2.3% y-o-y, to $1.01 billion in the third quarter of its 2018 fiscal year, despite revenues that were up 10.2% to $16.53 billion. The charts at right and below show FedEx’s results as reported, with net income up 269% to $2.07 billion, thanks in part to a $1.15 billion remeasurement […]
  • Charles Kauffman
  • March 21, 2018

E-Commerce elevates FedEx Express in 1QFY17

FedEx reported net profit up 3.3% y-o-y to $715 million in the first quarter of its 2017 fiscal year, driven primarily by the strong performance of its US Domestic overnight services, which saw substantial volume increases and stable yields. It should be noted that, for the first time, FedEx has added a new heading to […]
  • Charles Kauffman
  • September 22, 2016