You are here

FedEx Q2 profit up 14% as cost cut plan delivers

[DALLAS] FedEx Corp said fiscal second-quarter profit rose 14 per cent as the operator of the world's largest cargo airline began seeing initial results from a US$1.7 billion, three-year cost reduction plan. Net income rose to US$500 million, or US$1.57 a share, the company said on Wednesday.

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom