Category Archives: UPS Airlines

UPS delivers record fourth quarter profits

UPS-United Parcel Service (Atlanta) today announced fourth quarter 2011 adjusted diluted earnings per share of $1.28, a 21% improvement over the prior-year period. Total revenue increased 6% to $14.2 billion and adjusted operating profit climbed 17% to more than $2 billion.

Last Friday, the company announced a change in pension accounting to a mark-to-market methodology. Adopted in the fourth quarter of 2011 and applied retrospectively, this new method resulted in after-tax charges in 2011 and 2010 of $527 million and $75 million, respectively. Also, in the prior-year period, UPS recorded a net after-tax gain of $32 million from the sale of certain non-core business units in the Supply Chain and Freight segment. On a reported basis, fourth quarter 2011 diluted earnings per share were $0.74, a decline of 28% from the same quarter last year.

For the full year 2011, UPS achieved a new high in adjusted diluted earnings per share at $4.35. On a reported basis, diluted earnings per share were $3.84.

Copyright Photo: Michael B. Ing.

UPS Airlines Slide Show: CLICK HERE

UPS’ earnings per share rise 14% on 8% revenue growth in the 3Q

UPS (Atlanta) announced diluted earnings per share of $1.06 for the third quarter of 2011, a 14% improvement over the adjusted $0.93 for the prior-year period. Total revenue increased 8% to $13.2 billion.

The results were driven by the U.S. Domestic and Supply Chain and Freight segments. U.S. Domestic operating margin improved to 13.1% compared to last year’s adjusted results and Supply Chain and Freight operating profit increased more than 10%. Free cash flow for the first nine months of the year was strong, exceeding $3.7 billion.

On a reported basis, diluted earnings per share increased 7.1% over the same quarter last year. In the prior-year period, the company recorded an after-tax benefit of $61 million from the sale of real estate.

UPS Slide Show: CLICK HERE

Copyright Photo: Nick Dean.

UPS to retrofit air fleet with full facemasks for pilots

UPS Airlines (Atlanta and Louisville) announced it would retrofit the cockpits of its air fleet with quick-donning, full-face oxygen masks with integrated smoke goggles. Installation of the enhanced pilot safety equipment comes at the recommendation of the Joint UPS-Independent Pilots Association (IPA) Safety Task Force.

UPS Slide Show: CLICK HERE

 

Copyright Photo: Michael B. Ing. Please click on the photo for the full details.

UPS builds up the Miami cargo hub with additional Boeing 767-300 freighters

UPS-United Parcel Service (UPS Airlines) increased its cargo capacity by more than 50 percent on19 weekly flights from the Miami cargo hub to Latin American destinations. The increase was accomplished with additional Boeing 767-300 freighters replacing smaller 757-200 freighters.

Copyright Photo: Michael B. Ing. Please click on the photo for additional information.

UPS exceeds expectations, produces an operating profit of $1.43 billion

UPS-United Parcel System (Atlanta) has announced diluted earnings per share of $0.88 for the first quarter of 2011, a 24% improvement over the adjusted $0.71 for the prior-year period. Global revenue grew 7.3%, producing a 21% increase in operating profit to $1.4 billion.

On a reported basis, diluted earnings per share and operating profit increased 66% and 37%, respectively, over the same period last year.

Copyright Photo: Nick Dean. Please click on photo for additional details.

UPS Airlines mechanics ratify a new contract

UPS Airlines (Atlanta and Louisville) 1,200 mechanics after four years of negotiations, ratified a new contract that raises their pay retroactively and requires no contributions to cover their health care.

Read the full story from AJC: CLICK HERE

Copyright Photo: Bruce Drum. Please click on the photo for aircraft information.

UPS launches next-day service from Hong Kong to Europe

UPS-United Parcel Service (UPS Airlines) (Atlanta and Louisville) today announced the launch of direct flights from Hong Kong to Europe.

With the addition of four direct flights, UPS now offers a total of 11 flights from Hong Kong to Europe each week.

The new daily direct flights will link Hong Kong with Cologne, Germany, Monday to Thursday using Boeing 747-400 freighter aircraft. The freighters will operate in addition to the seven flights that UPS already offers each week between Hong Kong and Cologne via Dubai.

UPSโ€™s Cologne air hub is the centerpiece of the companyโ€™s extensive and integrated European air and ground network, which includes 460 operating facilities and 156 daily intra-Europe flight segments, ensuring UPS can deliver to every address in Europe.

Copyright Photo: Michael B. Ing. Please click on the photo for the aircraft details.

UAE investigators consider claims by al-Qaida concerning the UPS Boeing 747-400 crash

United Arab Emirates’ (Dubai) civil aviation investigators do not believe a terrorist bomb explosion caused the September 3, 2010 crash of an UPS Airlines’ Boeing 747-400F freighter near Dubai but are taking seriously a claim by Yemen’s al-Qaida that it brought down the plane.

Read the full story for the Associated Press:

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Copyright Photo: Brian McDonough. Please click on the photo for additional details about the tragic crash.

UPS introduces a new “Logistics” ad campaign

UPS-United Parcel Services (UPS Airlines) (Atlanta and Louisville) has dropped the “brown” ad theme and has launched a new “Logistics” ad campaign.

Read the full WSJ article:

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Copyright Photo: Michael B. Ing. UPS Airlines’ Boeing 747-45E (BCF) N578UP (msn 27154) climbs gracefully at Anchorage.

Watch the TV ad via YouTube:

UPS loses N571UP and two crew members at Dubai

UPS Airlines (United Parcel Service) (Atlanta and Louisville) yesterday (September 3) lost its Boeing 747-44AF N571UP (msn 35668) and the two crew members on board when it crashed on takeoff at Dubai.

Click on link below for full view and full details:

CLICK HERE

Copyright Photo: Brian McDonough. N571UP is pictured arriving at Anchorage on May 10, 2010.