FedEx notes the air cargo and aviation fuel excise tax holiday provisions in Trump’s $2 trillion stimulus package that apply from March 28 through December 31, 2020.
- To provide context, FedEx estimates the tax savings would have benefited FedEx’s consolidated operating income by about $250 million, if it was in effect during FedEx’s last fiscal year
- Says long-term impacts on FedEx’s business from covid-19 remain unknown
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