FedEx Express (FX, Memphis International) announced in its fourth quarter 2024 fiscal results that it has permanently retired twenty-two B757-200(SF) and seven related engines, which resulted in a noncash impairment charge of USD157 million.
The planes' exit is part of the company’s plan to modernise its fleet, improve its global network efficiency, and better align its air network capacity with current and anticipated demand, parent entity FedEx said.
“These actions, coupled with the previously announced retirement of nine MD-11Fs in the quarter resulted in the permanent removal of 31 jet aircraft from our fleet in FY’24,” executive vice president and chief financial officer (CFO) John Dietrich said during an investors call.
The freighter’s trunk aircraft fleet was composed, as of May 31, of 389 jets, including ninety-two B757-200(SF)s, 138 B767-300Fs, fifty-seven B777-200Fs, thirty-seven MD-11Fs, and sixty-five A300-600(F)s.
The company expects to add eleven B767-300Fs in 2025 and three in 2026 as part of its commitment to purchase said aircraft (it also has options to acquire an additional 43 freighters of the type). It will also add two B777Fs in 2025 and has options for an additional 23.
Meanwhile, the MD-11Fs will continue to be retired, following the previous plan to fully move on from the type by the end of 2028. FedEx Express will retire nine MD-11Fs in each of 2025, 2027, and 2028, and ten in 2026.
Its feeder fleet, composed of turboprops, has 698 aircraft, including 233 Cessna 208B(F)s, nineteen SkyCourier 408Fs, nineteen ATR72-600s, twenty ATR72-600Fs, and eighteen ATR42s.
FedEx Express expects to add seventeen Cessna 408s, seven ATR72-600Fs in 2025, and fourteen and three in 2026, respectively.
