FedEx retires 22 757-200 freighter aircraft

US’ FedEx has permanently retired 22 of its 757-200 freighter aircraft and seven related engines as part of its fleet modernisation and downsizing efforts with capacity demand lowering. It was reported in its fourth quarter results ending May 31, 2024. The retirement resulted in a noncash impairment charge of $157 million. As of its fourth quarter end, it had 92 757-200 in its fleet. It had also removed a further nine MD-11 freighters, totalling 31 aircraft removed from its fleet, and leaving it with 389 aircraft in its jet fleet overall. In 2022, it had 417 aircraft in its jet