“We plan to reduce our daytime flight hours by approximately 60%, with the majority of that reduction taking place in October.”

In context

“iority volumes continued to be headwinds, partially offset by base yield improvement. In light of our Q1 performance in the current demand environment, we are narrowing our FY '25 EPS outlook range. We now expect $20 to $21 in adjusted EPS for FY '25, compared to the prior range of $20 to $22. At the top end of our range, we assume an improvement in the pricing environment and the industrial economy. At the low end of the range, we assume the pricing environment continues to be very competitive and the industrial economy remains challenged. As Brie shared, we now anticipate our revenue growth rate to be in the low single digits. Regarding our expected earnings cadence for the remainder of the fiscal year, the U.S. Postal Service contract termination headwind will begin in Q2, as expected. We plan to reduce our daytime flight hours by approximately 60%, with the majority of that reduction taking place in October. We anticipate a negative effect in Q2 from the timing of Cyber Week, which shifts into Q3 this fiscal year. Overall, from an EPS perspective, we expect lower-than-normal seasonality in Q2 and better-than-normal seasonality in the fiscal second half. Supporting this cadence are ramping DRIVE savings that we are confident we will deliver in the quarters ahead. Turning to our updated full-year operating income bridge, which shows the year-over-year operating profit elements embedded in our full-year outlook. This bridge now reflects adjusted operating profit of $7 billion, which is equivalent to $20.50 adjusted EPS, the midpoint of our outlook range. For revenue net of costs, which now includes variable incentive compensation, we expect $100 million headwind, reflecting our lower revenue pro”