FedEx bets on rate hikes being accepted, despite tough market headwinds
Soft market conditions blunted FedEx’s first-quarter results, but management is confident that its rate increases ...
United Airlines cargo-only flight
By Alex Lennane
So United Airlines’ third-quarter results are in, and they are not pretty. On the (slight) upside of $3bn adjusted pre-tax losses is a 50% rise in cargo revenue. United has done well, given it has no freighter fleet. But the airline said its daily cash burn was a whopping $25m, with $4m of that servicing debt and severance payments. United also claimed it would outperform rivals American Airlines and Delta. Here, The Motley Fool looks in-depth at that claim.
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