“Lastly, we're planning for $800 million of voluntary pension contributions to our US qualified plans.”

In context

“ng ahead to FY 2025, we anticipate capital spend of $5.2 billion, which will again be down year-over-year as a percentage of revenue and we'll work by prioritizing our capital toward optimizing our network as part of Network 2.0 and further enhancing our fleet and automation to improve operating efficiency. And we remain committed to decreasing aircraft CapEx to approximately $1 billion in FY 2026. Due to improved earnings and CapEx discipline, we expect to further grow adjusted free cash flow. This will enable us to deploy $2.5 billion in stock repurchases in FY 2025, including a planned $1 billion of repurchases in Q1. As previously announced, we're also enhancing our stockholder returns by increasing our dividend by 10%. And this is on top of the 10% increase we implemented in FY 2024. Lastly, we're planning for $800 million of voluntary pension contributions to our US qualified plans. And these plans continue to be well funded and we're at the 98.6% funding level at fiscal year-end. Finally, a quick update on our segment reporting changes. Now that we have successfully completed the consolidation of Express, Ground, and Services into Federal Express Corporation, I'm pleased to announce that our reportable segments in FY 2025 will be Federal Express and FedEx Freight with no changes to corporate and other. FedEx Freight will include FedEx Custom Critical, which was previously included in FedEx Express. We're making this change to Freight due to the business synergies between Custom Critical and Freight. Our new segment structure reflects our commitment to operating a fully integrated air and ground Express network. And let me be clear, notwithstanding the consolidation”