FedEx: Expands Sustainable Aviation Fuel Agreements Across U.S. Air Network

MEMPHIS, Tenn., Sept. 15, 2026 - FedEx is scaling its sustainable aviation fuel (SAF) procurement through new agreements projected to secure more than 20 million gallons of neat SAF across five U.S. airports through calendar year 2027.

The agreements span FedEx operations at Newark Liberty International Airport (EWR), Oakland International Airport (OAK), Miami International Airport (MIA), John F. Kennedy International Airport (JFK), and Dallas Fort Worth International Airport (DFW), with SAF provided through suppliers including Phillips 66, Associated Energy Group (AEG Fuels), and World Fuel. The agreements are expected to deliver SAF at blend ratios ranging from 30% to 50%, depending on location.

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FedEx is working toward its goal to source 30% of jet fuel blended from alternative sources by 2030, while expanding the use of SAF across its U.S. 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. Starting in 2025, FedEx secured approximately 5 million gallons of neat SAF through agreements that resulted in the deployment of 16.5 million gallons of blended SAF across five U.S. airports. With this next phase of procurement, SAF blends represent a significant share of FedEx jet fuel use at the airports mentioned above.

"SAF is one of the most impactful decarbonization solutions available to aviation today and an important part of our approach to reducing emissions," said Karen Blanks Ellis, chief sustainability officer and vice president of Environmental Affairs at FedEx. "For the market to grow, supply needs to be reliable, affordable, and sustainable. Expanding our procurement allows us to employ more SAF in our network while bolstering the demand for greater production and scale."

The new agreements are another step in putting more SAF into use across the FedEx network while demonstrating the demand that exists today. As the SAF market develops, FedEx will continue evaluating opportunities to expand its use where supply, infrastructure, and economics align with the needs of its air network.

Learn more about the FedEx sustainability strategy and the company's goal of carbon-neutral global operations by 2040 here: https://www.fedex.com/en-us/sustainability/our-approach.html

About FedEx Corp.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services. With annual revenue of $86 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 450,000 employees to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.