ADVFN - Advanced Financial Network.
HOME» NYSE » F » FDX Stock Price » FDX Stock News

Fedex Share News

 Fedex Corp Stock Price
FDX Stock Price
 Fedex Corp Stock Chart
FDX Stock Chart
 Fedex Corp Stock News
FDX Stock News
 Fedex Corp Company Information
FDX Company Information
 Fedex Corp Stock Trades
FDX Stock Trades

FedEx Accelerates Retirement of Aircraft, Lifts Dividend 7.7%

FedEx Corp. (FDX) said it will record an impairment charge in its fiscal fourth quarter related to the retirement of certain Airbus and Boeing aircraft. The company also raised its quarterly dividend by 7.7%. FedEx said it would permanently retire 18 Airbus 310-200 aircraft and 26 related engines, as well as six Boeing MD10-10 aircraft and 17 related engines and as a result will record a charge of 26 cents per share in the fourth quarter. The decision to retire these aircraft will better align FedEx's U.S. domestic air network capacity to better match current and anticipated shipment volumes, the company said. The retirements are in addition to five Boeing 727-200 aircraft that were retired in the latest period and the planned retirement of 21 B727 aircraft. "Along with the decisions to retire these 50 aircraft, we are also developing detailed operating and cost structure plans to further improve our efficiency," said Chief Executive David J. Bronczek, saying additional information will be provided in the fall. FedEx also said its one-cent dividend increase brings FedEx's quarterly payout to 14 cents a share and will cost the company about $12.6 million more a year. In March, FedEx said that the U.S. and global economies have slowed, even as it reported fiscal third-quarter earnings that more than doubled from a year earlier, helped by strong holiday shipping and higher prices. FedEx had also said it's taking action to reduce capacity in its U.S. domestic express business--where volume slumped 4% in its fiscal third quarter--including trimming its work force through attrition and putting some aircraft into storage. Shares were off by 40 cents to $84.80 in recent after-hours trading. The stock has fallen 6.2% over the past three months. Write to Nathalie Tadena at

Stock News for Fedex (FDX)
11/25/201506:00:00Watch the latest episode of BizWireTV from Business Wire
11/24/201519:55:00FedEx Gets U.S. Antitrust Approval for TNT Deal
11/21/201511:00:023 Surprising Stocks to Buy Ahead of Cyber Monday
11/18/201516:23:22Current Report Filing (8-k)
11/18/201512:00:00Transportation Insight Buys Parcel Delivery Software Platform
11/17/201515:00:00Online Sales of Bulky Goods Fuel Boom in Delivery Specialists
11/17/201509:00:00Trees for Troops – How the Holidays Arrive for the Military
11/13/201512:30:00USPS Posts Annual Loss, Though Revenue Rises
11/13/201512:13:43Statement of Changes in Beneficial Ownership (4)
11/10/201516:51:00Statement of Changes in Beneficial Ownership (4)
11/07/201517:01:03Can You Guess Who Is Hiring the Most People for the Holidays?
11/06/201518:31:26Statement of Changes in Beneficial Ownership (4)
11/04/201509:00:00Survey Reveals Marketers Desire High-Tech, High-Quality Printing...
11/03/201516:08:50Statement of Changes in Beneficial Ownership (4)
11/03/201515:57:06Initial Statement of Beneficial Ownership (3)
11/02/201514:45:03The 2 Things United Parcel Service Must Do Next Quarter
11/02/201512:20:00Current Report Filing (8-k)
11/02/201512:00:00Chris Inglis Joins FedEx Corporation Board of Directors
11/01/201512:30:03Abercrombie & Fitch and Gap Could Be Retail Losers This Holiday...
10/31/201511:40:02How a Pilot Strike Threat Could Derail the UPS Turnaround

Fedex and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations