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FedEx fiscal year off to flying start with earnings up 40pc
来源： 编辑：编辑部 发布：2018/09/21 10:21:11
FEDEX achieved a 40 per cent year-on-year increase in June to August net income at US$835 million on 11 per cent higher revenues at $17 billion on the back of higher volumes, improved yields and lower fuel costs.
"FedEx delivered higher first-quarter earnings driven by solid execution of our business plan and a strong US economy," FedEx chairman Fred Smith was quoted as saying in a report by London's Air Cargo News.
"We are very optimistic about our prospects for profitable growth and remain confident we will reach our goal to improve FedEx Express operating income by $1.2 billion to $1.5 billion in fiscal 2020 versus fiscal 2017."
Looking at operating income of its individual business units over the reporting period, the express giant registered a 15 per cent year-on-year improvement to $367 million, FedEx Ground was up 10 per cent to $667 million and there was a seven per cent increase at FedEx Freight to $176 million.