FedEx to retire 24 more aircraft, take $84 million charge in fourth quarter
It has already retired five aircraft this quarter and plans to shed 21 more in the next fiscal to modernize its fleet.
"Along with the decisions to retire these 50 aircraft, we are also developing detailed operating and cost structure plans to further improve our efficiency," CEO David Bronczek said in a statement.
(Reporting by Sagarika Jaisinghani in Bangalore; Editing by Sreejiraj Eluvangal)