It will get rid of 18 MD-11s, while adding 24 767s and six 777s, 27 all-new Cessna 408 SkyCourier aircraft, and 16 ATR72-600s, barring production delays. The Cessnas and ATRs are small turbo-prop planes. FedEx has committed to buying 41 SkyCouriers and 17 ATR72s. After fiscal year 2025, FedEx has no firm commitments for aircraft purchases. Capital expenditures for aircraft are expected to decrease to about $1 billion in fiscal 2026, the company's CEO said. A big piece of the company's transformation roadmap is becoming more disciplined with capital allocation to boost earnings. For FedEx Corp., overall, fourth-quarter adjusted operating income dropped 20% to $1.77 billion. Ground and Express volumes were lower than expected, but the rate of decline slowed. FedEx continued to make progress with its DRIVE cost campaign, cutting $2 billion in operating expenses in the quarter versus the prior year and $800 million more than in the third quarter.