FedEx reported a 27% drop in net income to $790 million for Q1 of fiscal 2025, with a slight revenue decline of 0.5% to $21.6 billion. This was attributed to a demand shift from priority to deferred services, along with increased operating expenses and fewer operational days. CEO Raj Subramaniam emphasized ongoing efforts to enhance efficiency and adapt to market changes. FedEx has revised its revenue and earnings forecasts for fiscal 2025, anticipating modest growth, while reaffirming $2.2 billion in permanent cost reductions and prioritizing investments in network optimization.

Source: https://www.stattimes.com/logistics/fedex-q1fy2025-net-income-drops-27-on-low-demand-1353270