Qantas and China Eastern create Jetstar Hong Kong – Another LCC joins the fight but where is the infrastructure?
26th March 2012
FedEx has admitted that shipments in the last quarter fell shy of forecasts as growth came close to stalling in several economies. Shipments inside the US dropped 3%, while demand inside Asia for overnight delivery services also declined, causing the company to trim its annual profit forecast. FedEx plans to stick with its $4.2bn (£2.7bn) investment plan that will see it replace its fleet of aircraft with more fuel-efficient aircraft. The company posted profits of $464m for the three months to the end of August, up 22% from the same period last year.