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FedEx Expands Sustainable Aviation Fuel Deals Across 5 US Airports

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FedEx (FDX) plans to secure over 20 million gallons of neat sustainable aviation fuel across five US airports through 2027, the company said Tuesday.

FedEx expanded its SAF procurement agreements across Newark, Oakland, Miami, John F. Kennedy, and Dallas-Fort Worth international airports, with blends ranging from 30% to 50%.

The company aims to source 30% of its jet fuel from alternative sources by 2030 as it increases SAF use across its US air network.

"The latest agreements represent an expansion of SAF within the FedEx air network enabled, in part, by state and federal level incentives," said Greg Paulus, vice president of Enterprise Sourcing.

FedEx secured about 5 million gallons of neat SAF starting in 2025, supporting the deployment of 16.5 million gallons of blended fuel across five US airports.

The company said the latest agreements will increase sustainable aviation fuel use where supply, infrastructure and economics support broader deployment across its air operations.

"Expanding our procurement allows us to employ more SAF in our network while bolstering the demand for greater production and scale," said Karen Blanks Ellis, chief sustainability officer and vice president of environmental affairs at FedEx.

Price: $303.06, Change: $-5.20, Percent Change: -1.69%

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