Earnings outlook soars

A FedEx jet is parked at John F. Kennedy International Airport, in New York on April 20. In another sign of confidence for the global economy, FedEx Corp. on Monday sharply raised its earnings outlook for its fiscal first quarter and full year.

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A FedEx jet is parked at John F. Kennedy International Airport, in New York on April 20. In another sign of confidence for the global economy, FedEx Corp. on Monday sharply raised its earnings outlook for its fiscal first quarter and full year. It said international priority shipments were expected to jump 20 per cent this quarter — showing that customers are increasingly willing to pay more to get packages faster. FedEx shares climbed US$4.43 to close at $83.39 Monday.