Fedex Express : FX : FDX

FedEx a fait savoir lundi que les résultats du deuxième trimestre dépasseraient facilement ses précédents objectifs, évoquant une forte croissance de la demande internationale, surtout en Asie et en Amérique latine.
FedEx pense annoncer pour le deuxième trimestre clos le 30 novembre un bénéfice par action de $1,10, alors qu'il anticipait jusqu'alors de 65 à 95 cents. Un an auparavant, le groupe de messagerie et de logistique dégageait un BPA de $1,58. Le consensus Thomson Reuters I/B/E/S donne un BPA de 85 cents.
L'action FedEx a pris 3,7% à $90,73 après la clôture contre $87,52 en clôture.
FedEx doit publier ses résultats trimestriels le 17 décembre.
L'action de son concurrent UPS a gagné 2,1% à $59,11 en après-Bourse

C'est une première chez Air France. La compagnie vient, selon nos informations, de signer avec le géant américain de la messagerie express FedEx la vente de deux Boeing 777 ERF tout cargo neufs d'une valeur de 500 millions de dollars au prix catalogue.
Le prix de la transaction est inconnu, sachant qu'Air France avait déjà bénéficié, en tant que compagnie de lancement, d'un rabais très important. Généralement, il avoisine les 40% pour les transporteurs qui lancent un programme. Cette opération permettra donc de consolider la trésorerie de la compagnie.
Ces deux appareils, prévus dans le plan de livraisons d'avions établi avant la crise pour la saison hiver en cours, n'ont pu être reporté (un est entré dans la flotte fin 2009, l'autre étant encore à Seattle chez Boeing). Ils portaient à sept le nombre d'appareils tout cargo d'Air France alors que la direction a décidé de limiter l'exploitation à cinq avions et de se concentrer sur le transport de marchandises dans les soutes des avions passagers. La compagnie a déjà placé en location un Boeing 747-400F auprès du russe Air Bridge et un deuxième exemplaire suivra en mars.
Cette réduction de capacité et la rationalisation du réseau ont permis de limiter les pertes. Toutefois, "l'activité fret restera lourdement déficitaire sur l'exercice 2009-2010", selon un document interne.
Air France dispose déjà de deux Boeing 777 F. Elle en avait commandé cinq fermes assortis de trois options. La compagnie a une longue expérience de vente d'avions d'occasion mais elle n'avait encore jamais vendu de Boeing 777

Les deux géants du fret express renouent avec la croissance

FedEx et UPS relèvent la tête. La première a publié des résultats solides pour son troisième trimestre 2009, arrêté le 28 février, particulièrement dans le fret aérien international. Elle s’est ainsi autorisée à publier des estimations optimistes pour son quatrième trimestre. Le bilan de la seconde pour le quatrième trimestre a suivi la même tendance. Le secteur de la messagerie express étant un indicateur fiable de la tendance dans le transport aérien, les résultats des deux compagnies américaines ont de quoi réconforter ses acteurs et confirment les rapports identifiant les premiers signes de la reprise.

Le chiffre d’affaires du groupe FedEx a légèrement augmenté au troisième trimestre de l’année fiscale 2009-2010, gagnant 7% à 8,7 milliards de dollars. En revanche, les bénéfices opérationnels et nets ont enregistré d’importantes progressions, respectivement de 129% (à 416 millions de dollars) et de 146% (à 239 millions de dollars). La croissance est encore plus flagrante pour la division FedEx Express : si le chiffre d’affaires n’a gagné que 8% par rapport à l’année dernière (5,44 milliards de dollars), le bénéfice opérationnel a quasiment été multiplié par six à 265 millions de dollars.

FedEx explique que ce résultat a été rendu possible par le bon niveau des exportations, notamment vers l’Asie. En revanche, le secteur domestique américain montre toujours des signes de faiblesse, avec une croissance à peine perceptible de 1%. Elle estime donc que son chiffre d’affaires et ses bénéfices pour le quatrième trimestre 2009-2010 devraient encor s’améliorer.

UPS a fait le même constat au quatrième trimestre de son année fiscale 2009-2010. Constatant une diminution de son chiffre d’affaires, de son bénéfice et du volume moyen transporté chaque jour sur le marché domestique américain, elle a également observé une hausse de tous ces indicateurs sur le secteur international, notamment une augmentation de 11,8% du volume transporté, menée par l’Asie elle aussi. La compagnie américaine a donc revu à la hausse d’entre 17% et 32% ses prévisions de revenu par action. Elle prévoit également une reprise progressive dans le secteur, qui se caractérisera pas une amélioration de plus en plus nette au fur et à mesure que l’année avancera.

FedEx Express, subsidiary of FedEx Corp. and the world's largest express transportation company, has announced agreements to purchase six additional B777F air freighters for its fleet.

The largest all-cargo airline in the world will purchase four B777Fs directly from Boeing and two from additional sources.

Including this announcement, FedEx Express has agreed to purchase a total of 38 B777F aircraft. To date, FedEx Express has already taken delivery of six B777Fs and four of them have
already been introduced into service.

Fedex double son bénéfice

SCHENECTADY, New York, 16 septembre (Reuters) - FedEx a fait état jeudi d'un bénéfice plus que doublé au titre du premier trimestre de son nouvel exercice, mais il a raté de peu le consensus des analystes.
Le bénéfice trimestriel est ressorti à 380 millions de dollars, 1,20 dollar par action, contre 181 millions, 58 cents, un an auparavant.
Les analystes interrogés par Thomson Reuters I/B/E/S anticipaient en moyenne un bénéfice par action de 1,21 dollar.
Le chiffre d'affaires est ressorti en hausse de 18,1% à 9,46 milliards de dollars.
Le groupe, basé à Memphis, dans le Tennessee, qui avait relevé en juillet ses prévisions de résultats pour 2011, a récidivé jeudi, anticipant à présent une fourchette comprise entre 4,80 et 5,25 dollars par action, hors coûts liés à la restructuration de certaines activités au sol.
FedEx a dit que la demande pour les services de fret aérien avaient progressé, les entreprises, en particulier les fabricants asiatiques de matériel électronique, reconstituant des stocks épuisés durant la récession.
L'action perdait 2,6% à 83,67 dollars dans les transactions d'avant-Bourse.[/color]

FedEx could take up to 55 777Fs

International logistics firm FedEx Express has unveiled its latest Boeing 777 Freighter, part of an order that could see the Memphis-based carrier operate as many as 55 of the type.
The aircraft, registration N854FD, was delivered to FedEx in February and made its first operational flight between London Stansted and Memphis on 28 February.
FedEx operates 12 777Fs, with another 18 on order from Boeing and 10 from airlines or lessors. In addition it has 15 options.
It is introducing the new aircraft to boost capacity on key routes, allowing it to introduce new routes and to enable it to redeploy its fleet of Boeing MD-11 freighters.
David Binks, senior vice-president operations, FedEx Express Europe, says that it has yet to decide on which routes the new 777s will operate, but they will be the "longer, higher demand routes".
He points to the recently introduced Paris-Hong Kong service, which FedEx had not operated before the arrival of two 777s at its Charles De Gaulle hub last year.
Its most recent quarterly accounts, filed on 17 December 2010, show financial commitments of $1.4 billion towards aircraft purchases. In addition to the 777s, FedEx is also replacing its fleet of ageing Boeing 727Fs with younger and larger 757 Freighters. The company has 55 on its fleet and it plans to take nine of the type this year, with another nine in 2012.
Binks says that this switch will help the company to meet its commitment to cutting CO₂ emissions from aircraft by 20% by 2020.

Boeing and FedEx eye 767-400ER freighter launch

[Vous devez être inscrit et connecté pour voir ce lien] and FedEx Express are closely examining developing a new build freighter based on the 767-400ER, offering a production bridge to the recently awarded US Air Force KC-46A refuelling tanker.
Company and industry sources confirm the discussions, which are geared toward providing a replacement to the 72 Boeing MD-10s currently in the logistics company's fleet.
Boeing declined to offer specific confirmation, saying, "We are always in discussions with our customers about their future requirements. We don't share specifics of those discussions publicly."
FedEx also declined to comment, saying "we do not discuss the nature or content of any private discussions we have with vendors or customers."

[Vous devez être inscrit et connecté pour voir ce lien]

The size of a potential launch order is not clear, though on a one-to-one basis, the 58 MD-10-10F and 16 MD-10-30F aircraft in the company's fleet would provide fertile ground to launch such a programme.
Additionally, development and production of a 767-400ERF is believed to be intended as a production bridge between the 49 outstanding 767 orders and the start of initial KC-46A tanker production, allowing the existing production system to continue uninterrupted.
Of the 49 outstanding 767 orders, there are 24 767-300ERs and 25 767-300Fs.
Boeing plans the first flight of a KC-46A in 2015, followed by achievement of initial operational capability with the [Vous devez être inscrit et connecté pour voir ce lien] with 18 aircraft by 2017. The KC-X tanker contract, awarded to Boeing last week, is worth as much as $35 billion for replacement of the 179 [url=http://www.flightglobal.com/landingpage/kc-135 stratotanker.html]KC-135[/url] tanker aircraft.
The KC-46A, based on the 767, is equipped with winglets and a [url=http://www.flightglobal.com/landingpage/787 dreamliner.html]787[/url]-derived flight deck will be assembled on the company's newly relocated lean 767 final assembly line inside the rear of its Everett, Washington factory.
Boeing Defense Systems CEO Dennis Muilenburg recently said he expects the KC-X award would spur commercial interest in the 767.
The passenger version of the 767-400ER, introduced in 2000, was a slow seller and was supplanted directly in the company's product line with the launch of the 787-8 and -9.
The airframer delivered 37 aircraft intended for commercial use, including 16 to then-Continental Airlines and 21 to Delta Air Lines from 2000 and 2002, with one additional VIP configured aircraft in January 2009.
The performance of a 767-400ERF is currently unclear, though FedEx was previously working closely with Boeing to develop a freighter conversion programme for low-cycle [Vous devez être inscrit et connecté pour voir ce lien] and -200ERs, also for MD-10 replacement.
A launch decision for the 777-200BCF/200ERBCF was expected during the first half of 2011, and a further delay could follow as FedEx evaluates the 767-400ERF.
FedEx announced 1 March that it may eventually order up to 55 new build 777-200LRF aircraft and already has 12 in its fleet

Looking at 80-120 frames including options. Shareholders meeting the 26th. I think it'll announce that Monday or by end of week. There is a lot being considered for the replacement currently. I could list 20 bullets for the order. Boeing is in the lead with the 764 but the A330 is also being considered. It's a good time to buy.

FedEx Said to Mull Boeing, Airbus Freighter Order

[Vous devez être inscrit et connecté pour voir ce lien] is considering whether to buy wide-body freighters from [Vous devez être inscrit et connecté pour voir ce lien] and Airbus SAS to update the fleet of the world’s largest cargo airline, three people familiar with the matter said.

The order would involve about 50 planes, and discussions center on Boeing’s 767 and Airbus’s A330, said one of the people, who wasn’t authorized to speak publicly. While FedEx’s board may consider an order at a meeting today, a final decision may not come for several months, two people said.

Secondhand 767 passenger models may be part of a purchase, allowing [Vous devez être inscrit et connecté pour voir ce lien], Tennessee-based FedEx to convert the planes to fly cargo, two people said. The likely value of a deal may be several billion dollars, based on list prices of $167.7 million for a new [Vous devez être inscrit et connecté pour voir ce lien] and $203.6 million for an A330-200 freighter, and the discounts customers receive.

A freighter order would be a boost for either planemaker. Boeing is seeking sales to keep its 767 assembly line busy before the company starts building U.S. Air Force tankers based on the model, and Airbus has secured only 57 A330 freighter orders since committing to the cargo version in 2007.

Twin-engine jets like the 767 or A330 would help FedEx cut fuel costs, because its large planes include three-engine DC-10s and MD-11s from Chicago-based Boeing. Some of the DC-10s are more than 30 years old, according to data compiled by aviation researcher Ascend Worldwide Ltd.

Order Timing


FedEx’s progress on an order decision may be slowed by concern that the economic outlook is weak and the risk of losing U.S. [Vous devez être inscrit et connecté pour voir ce lien] business, two people said. FedEx is the largest contractor for the Postal Service, which said this week it is pressing suppliers for $1 billion in annual savings as it faces possible insolvency as soon as Sept. 30.

Clay McConnell, a U.S. spokesman for Toulouse, France-based Airbus, and Boeing’s Tim Bader declined to comment on any conversations between the planemakers and FedEx.

“As a matter of policy, we don’t comment on market rumors or speculation,” said Jim McCluskey, a FedEx spokesman. “That’s all I can provide.”

FedEx rose $2.67, or 3.6 percent, to $76.27 yesterday in New York Stock Exchange composite trading, while Boeing gained $2.13, or 3.4 percent, to $64.90. Airbus parent European Aeronautic Defence & Space Co. climbed 1.45 euros, or 7.1 percent, to 21.88 euros in Paris.

Secondhand Planes


For the used 767s, FedEx has discussed so-called Boeing- converted freighters, in which the planemaker does the work to reconfigure the aircraft, said one of the people familiar with the discussions. Such conversions are cheaper than buying new freighters, another person said.

FedEx has experience in acquiring secondhand passenger jets to refit for freight duty. It has taken that approach with narrow-body Boeing 757s, twin-engine planes that burn less fuel and can carry about 20 percent more freight than the three- engine 727s FedEx uses on short-haul routes.

The list price for refitting a smaller 757 is $4.8 million to $5.5 million, according to Singapore Technologies, also known as ST Aerospace, which has been doing such work for FedEx.

FedEx’s fleet totaled [Vous devez être inscrit et connecté pour voir ce lien] as of May, with 276 from Boeing or its predecessor companies and 124 from Airbus, according to the latest annual filing. The rest were smaller aircraft such as Cessna 208B and ATR turboprops, FedEx said.

777 Purchase


The company’s last major aircraft purchase was from Boeing, an order of 15 777 freighters in November 2006. FedEx said then that it was canceling an order for 10 Airbus A380 freighters after “significant delays” on the cargo version of the superjumbo jet, which never went into production.

While Boeing has built more than 1,000 767s since the plane entered service in 1982, the model has lost favor with airlines as longtime customers focus on the new 787 Dreamliner, the plastic-composite jet that promises greater [Vous devez être inscrit et connecté pour voir ce lien]. The backlog of 767s was 52 through July, according to the company, compared with 348 for the A330.

With Boeing assembling 767s at a rate of about two planes each month, the current orders would amount to only about two years of production for the commercial variant of the plane.

The 767-300 freighter can carry more than 59 tons (53,500 kilograms) of cargo and has a [Vous devez être inscrit et connecté pour voir ce lien] of about 3,700 miles (6,000 kilometers), according to Boeing’s website.

An A330 freighter can fly as much as 70 tons of cargo for almost 3,700 miles, according to Martin Fendt, an Airbus spokesman.

FedEx gets ‘best and final offers’ from Airbus, Boeing

FedEx is considering ordering the Airbus A330-200F or Boeing 767-300F. We learned at ISTAT that some at the company think the A330-200F is too much airplane in terms of range for US domestic service and would prefer the short-range A330-300F capable of carrying more volume. Although some months ago Jon Ostrower broke the story that FDX was talking with Boeing about the 767-400, we learned at ISTAT Boeing said “no.” It is focused on the KC-46A, 767-derived tanker and doesn’t want to take on a program that would divert resources from this effort.

Separately, we learned that Airbus and Boeing submitted their best and final offers last week and a decision–which might include a decision to do nothing–could come as early as this week. Concerns over the economy are spooking FDX, we are told, and there is a faction that favors acquiring more Boeing 757s for conversion and doubling up on frequency if capacity is needed while maintaining the flexibility to cut capacity in a downturn at a lower capital acquisition cost.

If Airbus were to win this order for the A330F, then the prospect of Airbus proceeding with the Mobile (AL) plant is back on the table, we are told.

Dec 7 (Reuters) - Boeing Co is nearing two separate deals with world's No. 2 package delivery company FedEx Corp and discount carrier Southwest Airlines Co , according to media reports.

FedEx plans to order about 30 wide-body freighters from Boeing to replace older, less fuel-efficient jets, Bloomberg said, citing three people familiar with the matter.

A purchase of 30 767-300 freighters would have a list value of about $5.26 billion, based on the $175.4 million catalog price for a plane, Bloomberg said.

The order may be announced as soon as next week, it reported.

Separately, the Wall Street Journal reported that Dallas-based Southwest is nearing a preliminary deal to order more than 100 of Boeing's planned 737 MAX jetliners, citing people familiar with the matter.

Southwest, which has said recently that it is interested in the MAX, declined to comment on the report but said through a spokesman that it is in an ongoing dialogue with its business partners.

Both the companies could announce the planned order in the coming weeks, the Journal said.

Boeing spokeswoman Lauren Penning declined to comment when approached by Reuters.

FedEx were not available for comment outside normal U.S. working hours.

Les aveugles et / ou obsédés (sur les réseaux sociaux, dans leur fauteuil) de la remotorisation, ..... n'intéressent ni le marché, ni les avionneurs !

Jeannot :

• Fedex : 27 767s
  
• Fedex : 2 777s
  

FedEx plans to add 27 Boeing 767-300F freighters to its fleet beginning in 2014.

• lorsque Boeing a été obligé de fermer toutes les opérations et chaînes de production des B767,....
  
• au delà de tous les coûts habituels de "phase-down " et de "phase-out", il a été obligé de prvisionner un "write-down" de US$400 million (au moins) pour la mise à la valeur "Zero" (en réalité, d'un US$ symbolique) des actifs immobilisés sur la chaîne de production 'revampée' , même du B767-400et du B767-400ERX (abandonné à l'époque d'Al MULLALLY ! );
  
• ceci constitue, en fait, un amortissement accéléré d'actifs neufs sans objet ni possibilité d'utilisation ;
  
• pour l'affaire des avions ravitailleurs, ces immobilisations ont été réactivées (question d'opportunité et de crédibilité) , ..... mais les provisions pour toute la fermeture ("close-down") n'ont eu ni le besoin ni l'obligation d'être 'fiscalement extournées' ;
  
• ce facteur permet à Boeing, dans des calculs effectués depuis, de déterminer des coûts de revient sans intégrér les éléments de coûts de la composante "technical deperciation" / 'amortissement technique' et d'autres composantes qui avaient été liées à la mise à zéro de toutes les opérations de production du B767.
  

The company in a statement said it signed an agreement covering the freighters, and plans to take delivery of three aircraft in 2014 followed by six per year in fiscal 2015-2018.

FedEx's decision to opt for the -300F follows evaluations it conducted with Boeing earlier this year for the development of a new freighter based on the 767-400ER, .....

....which would offer a production bridge to the US Air Force KC-46A refuelling tanker.

"The 767s were selected as the best choice to begin replacing FedEx Express's MD10 aircraft, some of which are more than 40 years old," the company said. FedEx concluded the 767-300Fs will provide similar capacity as the MD-10s, with improved reliability, an approximate 30% increase in fuel efficiency and a 20% reduction in unit operating costs.

At the same time FedEx revealed plans to delay delivery of 11 777Fs. Two aircraft are being deferred from fiscal 2013, five from fiscal 2014 and one per year in fiscal 2015-2018 in an effort to balance air network capacity with demand. FedEx stated it is exercising two 777F options targeted for delivery at the end of its refined delivery cycle.

"FedEx Express took action during the quarter to adjust its network, particularly in Asia, as recent inventory destocking trends have impacted demand for our FedEx Express services," said Alan Graf, FedEx executive chief financial officer. "The deferral of our 777 aircraft deliveries is a continuation of those efforts, enabling us to make appropriately-timed international 777 capacity additions over the next decade. With these actions, we expect fiscal 2013 capital expenditures to moderate to approximately $3.8 billion."

• "How long is a piece of string" / "quel est la longueur d'un bout de ficelle' ?
  

• du "ramp-up" de la production et de la livraison des appareils des deux programmes que sont "B787" et "A350-XWB", et des premiers résultats apparents ;
  
• des accords, entre Airbus et les clients, sur le rythme mensuel des livraisons, soit le volume mensuel et / ou annuel des livraisons des A330 ;
  
• la reprise de la demande en faveur des A330-200F (et reprise il y aura, ..... et il n'y aura pas lieu de mettr en chantier un A350-XWB-900F, par exemple), car les dimensions de l'A330-200F, et les souplesses inhérentes à cet appareil et à ses possibilités, vont faire de lui un avion très bien adapté au marché.