Across our air network and international operations, our drive initiatives are helping offset pressures with about $115 million in total cost reductions in Q2 primarily driven by structural flight takedowns.

Dec 19, 2023 / CEO / receipt, needs a key / Raj Subramaniam, CEO | earnings call 2023-12-19 | transcript d8038f49-90fc-417d-b21c-14b0e62185f6 | chars 5470-5677 | segment 5

Taking each key contributor in turn, at FedEx Express, we expect to drive $1.5 to $1.7 billion in savings this fiscal year. The largest single expected contributor in fiscal 23 will be the changes we are making to our express air network as we cut global flight hours.

Sep 22, 2022 / CEO / receipt, needs a key / Raj Subramaniam, CEO | earnings call 2022-09-22 | transcript f7b815f5-43a1-463d-8c67-011b378c6a85 | chars 3988-4256 | segment 4

So if I had to speculate, and that's all it would be, having sat on the IATA and what's now the A4A boards and so forth, at least in the near term you're going to have a lot more use of video conferencing and very prudent steps to minimize a lot of business travel Travel, I think that's going to be one of them.

May 17, 2020 / CEO / receipt, needs a key / Raj Subramaniam, CEO | earnings call 2020-05-17 | transcript 34c65142-0ea1-49f9-b345-0fe323fc0f5d | chars 45176-45488 | segment 46