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Pilots Say Expected Earnings Do Not Reflect Operational Strain As FedEx prepares to report third-quarter fiscal 2026 earnings after the market closes Thursday, the pilots who operate the company’s global air network are urging investors to look beyond the headline results and assess the condition of the operation behind them. FedEx is expected to report solid quarterly performance following the peak holiday shipping season, with continued emphasis on cost reduction and network changes. The company has emphasized strong execution through the holiday season. Pilots say delivering that performance required significant adjustment across the network and placed greater demands on frontline crews. During the quarter, crews operated through schedule disruption and ongoing structural changes across the network. Maintaining service required constant adjustment and increased reliance on frontline execution.