14 Planes to be grounded from FedEx fleet
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14 Planes to be grounded from FedEx fleet

April 13, 2009 – 11:21 pm – No Comment

Memphis based FedEx will be grounding 14 planes from its fleet due to the economy starting May 31. It will reduce costs by $180 million.  It hopes to get more fuel-efficient, newer aircrafts for its fiscal year 2010 which starts on June 1.

FedEx should be grounding several of its fleet. The company is losing money every quarter, with the last quarter being particularly harsh.

It has also been talking about laying off a lot of its staff at its Memphis hub.

Jeremy
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