FedEx (FDX): FY25 Q1 earnings call, Sep 19, 2024

…fewer operating day in the quarter, resulting in an approximately $170 million headwind. We were able to partially offset these headwinds and normal inflationary cost…

…day. Lower weight per shipment and decreased priority volumes continued to be headwinds, partially offset by base yield improvement. In light of our Q1 performance…

…the remainder of the fiscal year, the U.S. Postal Service contract termination headwind will begin in Q2, as expected. We plan to reduce our daytime…

…of costs, which now includes variable incentive compensation, we expect $100 million headwind, reflecting our lower revenue projection and the shift in the volume mix…

…the mix shift to international economy. We still expect about $300 million headwind from two fewer operating days, one that was in Q1 and one…