07:59 AM EDT, 06/26/2024 (MT Newswires) -- FedEx ( FDX ) said Tuesday it has decided to permanently retire 22 Boeing 757-200 aircraft and seven related engines as part of its efforts "to modernize its air fleet, improve its global network efficiency, and better align air network capacity with current and anticipated demand."

FedEx ( FDX ) reported a $157 million noncash impairment charge in its Q4 results for deactivating the jets and engines.

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