Financial Data and Key Metrics Changes - FedEx achieved structural cost reductions of $4 billion over the FY23 base, with $1.8 billion in FY24 and $2.2 billion in FY25 [13] - The company returned approximately $4.3 billion to shareholders in FY25 [13] Business Line Data and Key Metrics Changes - The company operated as "One FedEx" for the first time in FY25, indicating a unified operational approach [13] Market Data and Key Metrics Changes - FedEx secured over 3 million gallons of blended sustainable aviation fuel, marking the largest SAF purchase by a U.S. cargo airline at Los Angeles International Airport as of May 2025 [16] Company Strategy and Development Direction - FedEx is focused on achieving carbon neutrality in its operations and supporting the low-carbon transition in the transportation and logistics industry [16] - The company emphasizes vehicle electrification, sustainable energy for facilities, and a more fuel-efficient fleet [16] Management's Comments on Operating Environment and Future Outlook - The CEO highlighted the company's commitment to delivering exceptional service and exceeding customer expectations, which is crucial for expanding into new markets [13] - The legacy of the founder, Frederick W. Smith, was acknowledged, emphasizing the company's long-term vision and commitment to excellence [12] Other Important Information - The stockholder proposal for an independent board chairman was not approved [11] Q&A Session Summary Question: What has been done to improve emission reduction of FedEx aircraft since the 2024 annual meeting? - FedEx is implementing long-term actions and interim goals for carbon neutrality, focusing on vehicle electrification, sustainable energy, and sustainable aviation fuel [16] Question: What new aircraft will FedEx take delivery of between now and the 2026 annual meeting? - For information regarding planned future aircraft deliveries, stakeholders are directed to the Investor Relations website [17]