This is 6 hull losses within 7 years for FedEx. NOT A VERY STELLAR SAFETY RECORD. In fact arguably the worst in the industry. All FedEx employees (Management, Pilots, Maintenance,and so on) are going to need to evaluate current operations. We will now be in the FAA "crosshairs". Does FedEx take too many risks? Flying in non-tower operations in marginal visibility condition (ie at dawn). Flying large aircraft into Subic Bay? Flying an MD-11 (aircrat with the fastest approach and landing speed) into a field with no precision approach, 9000 feet of runway, excessive terrain, terrible ATC, and horrific weather at times. I know this accident has nothing to do with any of this, but previous incidents these factors definitely came into play. As a FedEx pilot we need to continue operating with the utmost degree of professionalism. If I was a betting man, I would expect more FAA examiners aboard FedEx planes over the next months.