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UPS Post 2Q Profit - $873mil  
User currently offlineLAXintl From United States of America, joined May 2000, 26145 posts, RR: 50
Posted (6 years 5 months 1 day 8 hours ago) and read 2478 times:

Nice headline number, however disappointing for many as the carrier had $1bil+ in earnings for the same quarter in 2007.

UPS cautioned about high energy cost and a weakening US economy.

Quote:
UPS reports 2Q profit decline, lowers outlook
Tuesday July 22
UPS says profit fell nearly 21 percent in second quarter, lowers outlook for year


ATLANTA (AP) -- UPS Inc., the world's largest shipping carrier, said Tuesday its profit fell nearly 21 percent in the second quarter despite a more than 6 percent increase in sales. The company also lowered its outlook for the year amid a slumping U.S. economy.

UPS, hit by an average daily volume decline in the U.S. and soaring fuel costs, said its profit was $873 million, or 85 cents a share, in the second quarter, compared to a profit of $1.10 billion, or $1.04 a share, for the same period a year ago. Revenue grew to $13 billion from $12.2 billion.

"We're feeling the impact of higher energy costs throughout the company," Chief Executive Scott Davis told analysts during a conference call.

UPS' international business, usually a bright spot for the company, also suffered in the second quarter. Chief Financial Officer Kurt Kuehn said import volume into the U.S. declined in the quarter. The company has seen slower growth in premium services in the major regions of the world.

http://biz.yahoo.com/ap/080722/earns_ups.html?.v=7


From the desert to the sea, to all of Southern California
10 replies: All unread, jump to last
 
User currently offline413X3 From United States of America, joined Jul 2008, 1983 posts, RR: 0
Reply 1, posted (6 years 5 months 1 day 6 hours ago) and read 2404 times:

I am sure when DHL moves their flying over to UPS it will help their bottom line. And with the 744Fs coming online. Even a slower economy seems like a small speed bump for them. Funny how times change. UPS and FDX seem like the strongest American airlines especially with world markets becoming more and more integrated and relying on freight

User currently offlineJuventus From United States of America, joined Dec 2004, 2835 posts, RR: 2
Reply 2, posted (6 years 5 months 1 day 6 hours ago) and read 2389 times:

Let's keep in mind this is not an aviation only profit. UPS does a variety of services, including ground.

User currently offlineSkyway1 From , joined Dec 1969, posts, RR:
Reply 3, posted (6 years 5 months 22 hours ago) and read 2264 times:

Both companies are implementing huge fuel surcharges as well.....which could further lead to lower shipments last half of this year as well...

User currently offlineFlyMIA From United States of America, joined Jun 2001, 7276 posts, RR: 6
Reply 4, posted (6 years 5 months 19 hours ago) and read 2198 times:

This is obviously one of the reasons pilots want to fly for UPS. They actually make decent living  Wink


"It was just four of us on the flight deck, trying to do our job" (Captain Al Haynes)
User currently offlineAA61Hvy From United States of America, joined Nov 1999, 13977 posts, RR: 57
Reply 5, posted (6 years 5 months 19 hours ago) and read 2183 times:



Quoting 413X3 (Reply 1):
DHL moves their flying over to UPS it will help their bottom line

How is that? DHL was carrying over $900 million dollars in debt prior to their down sizing. Not to mention no deal has officially been inked yet.

Quoting Skyway1 (Reply 3):
which could further lead to lower shipments last half of this year as well...

No, boxes will always need to move. It will be a modal shift to Ground. Fuel surcharge on the ground side is still under 10% (for now at FX).



Go big or go home
User currently offlineTozairport From United States of America, joined Oct 2005, 686 posts, RR: 1
Reply 6, posted (6 years 5 months 19 hours ago) and read 2159 times:



Quoting FlyMIA (Reply 4):
This is obviously one of the reasons pilots want to fly for UPS. They actually make decent living

No joke. I buddy of mine (4 year MD 11 F/O) is making more than me (12+ year A320 CAP) and he can go pee without permission! Everything is askew. Then again, it's a lot easier to spread a fuel surcharge among 1000's of boxes who don't complain versus 100's of pax that do. JMHO.



Meet the new boss, same as the old boss.
User currently offlineRichierich From United States of America, joined Nov 2000, 4296 posts, RR: 6
Reply 7, posted (6 years 5 months 1 hour ago) and read 2038 times:

I thought UPS overcharged me when I wanted to ship a package last week!
Now I know why...!

Although UPS is obviously more than just an airline, its nice to see one aspect of this industry able to survive and make some dough during these otherwise difficult times.



None shall pass!!!!
User currently offlineMileHighFlyer From Canada, joined Feb 2008, 55 posts, RR: 0
Reply 8, posted (6 years 5 months 1 hour ago) and read 2016 times:

Two words - Good management

A $873m profit for a company that uses as much fuel as UPS does is astonishing! The airlines should give them a call...


User currently offlineGEG2RAP From United States of America, joined Sep 2003, 853 posts, RR: 0
Reply 9, posted (6 years 5 months ago) and read 2006 times:

plus, I might add IMHO, UPS was a great company to work for. I had amazing health care, more than half of my tutition paid for, and all of my student loans paid for while working (hard) for 20 hours per week.

User currently offlineFFlorida From United States of America, joined Jul 2008, 58 posts, RR: 0
Reply 10, posted (6 years 4 months 4 weeks 1 day 21 hours ago) and read 1950 times:



Quoting 413X3 (Reply 1):
And with the 744Fs coming online

Did I miss here something? Don't they have quite a bit of them already for quite a while?
How many in total? Conversions too, right?


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