FedEx cut Asian aviation transport increase profitability

In order to enhance profitability, FedEx recently said, from the beginning of April cut from Asia aviation transport capacity, and reconsider the extension of freight flow.
At present, FedEx International Express customers gradually shifted to low rates, low profit service. In this regard, FedEx plans to improve transport efficiency. The company's newest money newspaper shows, third quarters of international air transport market performance is generally lower than expected.
As of February 28th, the Federal Express third quarter revenue of $11000000000, an increase of 4%, operating income of $589000000, compared with the same period last year decreased by 28%, and net income of $361000000, down 31%.
MYEX min Asia International Express
2013-04-08