FedEx had a decent quarter and a particularly solid performance in December 2021. However, the rapid spread of the Omicron variant and its negative impact on FedEx's operations and the macro environment is a matter of concern. The Omicron variant surge had a $350 million impact on third-quarter operating income, primarily at Express, as it influenced customer demand and put pressure on their operations, resulting in constrained capacity, network disruptions, and lower revenue and volumes. The Om ....
