FedEx opens Riyadh hub, to run 24 monthly cargo flights: Report
FedEx has launched a regional hub in Riyadh with approval to operate as a foreign air carrier, Bloomberg reported. The firm will run 24 cargo flights a month via King Khalid Airport, making the Saudi capital a key link between Europe, Asia and the Americas. Shares closed at $224.18 Tuesday, down 20% YTD.