Cost-Cutting Brings 8% Reduction in Fleet Usage
FedEx Express has rolled back on some of its operations to the tune of almost 10%, looking to cut costs amid decreasing demand for freight shipping. The decision was spoken of by CEO Raj Subramaniam during an earnings call, telling investors that the company was parking aircraft and optimizing procedures to slash costs where possible. In the near future, the airline could see increased flights once again as newer, more fuel-efficient aircraft are delivered to replace their older, thirstier jets.
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