Lloyd's Loading List--FedEx is further reducing its air capacity in order to reduce costs and improve utilisation, profits and yields, and also modernise its aircraft fleet, retiring 15 older planes earlier than originally planned.

Explaining its decision last week, it said it would permanently retire 15 aircraft and 21 related engines as it “continues to rationalize capacity and modernize its aircraft fleet to more effectively serve FedEx Express customers”.

Over the last two years, the integrator has been working to push more of its lower-yielding ‘international economy’ express shipments from its own air capacity onto less expensive third-party air cargo capacity bought from commercial scheduled air freight carriers. Read more!