FedEx beats on earnings, lifts low-end FY profit outlook, but flags near-term air-network disruption

What happened

FedEx ($FDX) reported stronger-than-expected fiscal Q2 results (quarter ended November 30) and raised the low end of its full-year profit forecast. The upside was driven by higher package yields in Express and ongoing cost actions, plus wins in sectors like healthcare and automotive.

The catch: FedEx also warned about unexpected peak-season costs tied to grounding MD-11 cargo planes, which it says could total about $175 million and weigh on the quarter ending February 28, 2026.

Winners -

Integrated logistics and contract logistics (pricing power + efficiency playbook)

$FDX (FedEx)

$GXO (GXO Logistics)

Why this group could benefit: FedEx’s beat and guidance lift r ...