MEMPHIS, Tenn., June 19, 2012 ... FedEx Corp. (NYSE: FDX) today
reported earnings of $1.73 per diluted share for the fourth quarter ended May
31, which includes a previously announced $0.26 per diluted share non-cash
aircraft impairment charge at FedEx Express. Excluding this charge, earnings
were $1.99 per diluted share in the fourth quarter compared to $1.75 per
diluted share a year ago.

“FedEx delivered strong earnings results for fiscal 2012 due to the
outstanding performance by FedEx Ground, our new value proposition at
FedEx Freight and improved yields across all transportation segments,” said
Frederick W. Smith, FedEx Corp. chairman, president and chief executive
officer. “In fiscal 2013, we will continue our focus on improving our operating
efficiencies and our financial performance across all of our businesses, while
simultaneously enhancing our service capabilities. We remain absolutely
committed to higher earnings, margins, cash flows and returns.”