Due to reduced demand, Mesa and DHL agreed to wind down cargo operations as of February; pilots from Mesa's cargo operation are transitioning to its E175 fleet.
Hong Kong International Airport retained its status as the world’s busiest cargo airport in 2023, handling 4.3 million metric tons, up 3.2% year-over-year.
However, the Chinese New Year demand and potential escalation of military conflict in the Middle East could drive air cargo charges further in the coming weeks.
The company has revealed a newly branded component to its restructuring—a “tricolor network,” sorting its FedEx Express aircraft fleet into three categories.
The new Contested Logistics System-300 Nautical Miles (CLS-300) will enter propulsion tests before June and flight tests by the end of 2024, the company said.