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FedEx suspends financial guidance for duration of coronavirus crisis
来源： 编辑：编辑部 发布：2020/04/08 09:46:50
FEDEX has suspended all guidance on any potential future earnings in the light of the current uncertainties regarding the coronavirus pandemic, reports London's Logistics Manager.
Announcing an increase in third quarter global revenues from US$17 billion to $17.5 billion and an operating income drop from $984 million to $483 million (owing to TNT Express integration costs), FedEx said it was suspending its fiscal 2020 earnings forecast due to the uncertainty caused by the coronavirus pandemic.
It also warned that there were significant constrains in international air cargo capacity but it was ready to support customers with increased demands for its services.
FedEx chief financial officer Alan Graf said: "To mitigate these near-term headwinds and position the company for future earnings growth, we are attacking costs throughout the company."
Announcing an increase in third quarter global revenues from US$17 billion to $17.5 billion and an operating income drop from $984 million to $483 million (owing to TNT Express integration costs), FedEx said it was suspending its fiscal 2020 earnings forecast due to the uncertainty caused by the coronavirus pandemic.
It also warned that there were significant constrains in international air cargo capacity but it was ready to support customers with increased demands for its services.
FedEx chief financial officer Alan Graf said: "To mitigate these near-term headwinds and position the company for future earnings growth, we are attacking costs throughout the company."