News Snapshot:
FedEx Express has abandoned its pilot base in Hong Kong due to COVID’s restricted health and travel rules, making it difficult for parcel carrier airlines to operate efficiently. Late January, FedEx (NYSE: [FDX](//www.barchart.com/stocks/quotes/FDX/overview) ) About 180 Hong Kong-based pilots and their families were relocated to San Francisco at great expense and were not subject to the long-term quarantine required by Hong Kong authorities after returning from the trip. The express delivery company said at the time that the new arrangement had significantly increased operating costs. “As the global business environment continues to evolve and COVID restrictions continue in Hong Kong,...
