News / FedEx looks to use more third-party airlift as it bids to slash costs

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FedEx management is looking to ground more freighters in the current fiscal year as it ’recalibrates’ its air network, with a view to relying more on third-party lift.

In addition to five aircraft already taken out of service this autumn, the cost-cutting plan envisages parking 11 more aircraft by the end of its fiscal year on 31 May.

The announcement was made as FedEx presented its results for the second quarter, which ended 30 November. The integrator reported a 3% drop in ...