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steadybase-$ person Mike Lenz
nameMike Lenz
roleCFO
company FedEx Corporation FDX
linkedin none on file
contactnot published
filings
2023-06-20 earnings-call quote receipt
quotes
As part of these reductions, we will manage capacity to lower demand levels, including further reducing flight hours at express and reducing Sunday operations, closing certain sort operations, and taking other line haul expense actions at ground.

Mar 16, 2023 / CFO / receipt, needs a key / Mike Lenz, CFO | earnings call 2023-03-16 | transcript e46a2c16-2380-443c-8a01-7a86318acda4 | chars 20483-20729 | segment 21

Express is where we have the most work to do and where the majority of the reductions are focused. A large portion of those savings is coming from reduced flight frequencies.

Dec 20, 2022 / CFO / receipt, needs a key / Mike Lenz, CFO | earnings call 2022-12-20 | transcript f0b46236-38c0-48e4-8a33-eed3c8fb96fa | chars 17232-17406 | segment 17

In addition, crew costs per flight hour have been further elevated as operating the network has had to accommodate not only COVID protocols, but also to the routing changes to avoid layovers and locations with stricter COVID regulations, as well as conflict airspace.

Jun 23, 2022 / CFO / receipt, needs a key / Mike Lenz, CFO | earnings call 2022-06-23 | transcript db2f0715-f958-4008-ac8b-398e35f9cdc0 | chars 15791-16058 | segment 15

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