UPS 3rd QT Results

Networ-King

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Oh dear god.....

Look for job cuts at the end of the ear cause we're down ssssooooo much for the first 9 months of 08 compared to 07..... Gotta love airline management...

Net

AP
UPS reports drop in 3Q profit
Thursday October 23, 4:33 pm ET
By Harry R. Weber, AP Business Writer
UPS third-quarter profit falls despite rise in sales; size and scope of DHL deal could change
ATLANTA (AP) -- UPS Inc.'s third-quarter profit fell nearly 10 percent despite a rise in sales, the world's largest shipping carrier said Thursday as it warned that it faces more challenges ahead, job cuts may be on the horizon and the "scope and the size" of a deal it is working out to carry some packages for rival DHL could change.


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While its results for the most recent quarter beat Wall Street expectations, the Atlanta-based company projected its full-year earnings per share will come in toward the lower end of the range it previously gave.
"Santa's sleigh may be a bit lighter this year," Chief Financial Officer Kurt Kuehn said during a conference call with analysts.
The fourth quarter includes the traditionally busy holiday shipping period.
Kuehn said UPS intends to continue to cut costs by making network modifications, lowering capital expenditures and through reductions in staffing levels. He did not elaborate on any potential job cuts.
Edward Jones analyst Dan Ortwerth said UPS' third quarter, considering the economic environment, was solid, and he remains bullish about the company's long-term prospects.
"I was expecting a bloodbath in the domestic market, and we got nothing worse than I expected," Ortwerth said. "All of the long-term drivers of this company's strategy and our outlook remain in place."
UPS said it earned $970 million, or 96 cents a share, for the three months ended Sept. 30, a 9.9 percent decline from profit of $1.08 billion, or $1.02 a share, a year ago.
Revenue rose 7.4 percent to $13.11 billion, from $12.20 billion a year ago.
Analysts surveyed by Thomson Reuters expected earnings of 89 cents a share on revenue of $13 billion.
UPS, also known as United Parcel Service, said it expects full-year earnings per share to come in toward the lower end of the $3.50 a share to $3.70 a share guidance it gave in July.
For the first nine months of the year, UPS earned $2.75 billion, or $2.67 a share, compared to a profit of $3.02 billion, or $2.84 a share, a year earlier. Nine-month revenue rose to $38.8 billion, compared to $36.3 billion a year earlier.
UPS' shipping business within the U.S. in particular has been affected. When it released its second-quarter earnings, UPS lowered its outlook for the full-year. The current fourth quarter includes the traditionally busy holiday shipping period.
The company remains confident in its plans for future growth. UPS has said it has been working to cut costs.
UPS also is working out a contract to carry some air packages for DHL, the struggling U.S.-based express shipping unit of German postal service Deutsche Post AG. UPS, when it announced the proposed collaboration on May 28, predicted that the deal, when completed, would add up to $1 billion in annual revenue for the company.
But UPS Chief Executive Scott Davis said Thursday that the impact of the economic downturn and customer reaction to DHL's downsizing in the U.S. could change things.
"The scope and the size of that deal could change," Davis said. He did not elaborate.
Executives have said UPS also is interested in expanding its international package business. Asia and Europe are of particular interest to the company, executives have said. Besides the potential UPS-DHL deal, UPS has not announced any further deals in recent months.
"Adverse times test the mettle of an organization," Davis said. "The good companies can emerge better and stronger from having had that test."
Standard & Poor's analyst Jim Corridore in a recent research note said UPS' margins have been hurt by higher fuel costs and a customer shift to services that are less profitable for the company. Some customers have been using ground shipping, instead of air express, because it is cheaper.
UPS hopes to complete its vendor agreement with DHL by the end of the year. The potential deal has drawn criticism from officials in Ohio, where thousands of jobs could be lost if DHL proceeds with its plan to shift business away from its current two air vendors to UPS. Officials at UPS have defended the deal, insisting that it is not a merger and will not lessen competition.
UPS shares rose $1.74, or 3.8 percent, to close at $48.13 in trading Thursday.






Oh NNNOOO..... the sky is falling......Looks like I'll be coming back to Delta in 09 General...thank god I didn't burn my double breasted d o u c h e suit.:rolleyes:
 

Sedona16

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Oh NNNOOO..... the sky is falling......Looks like I'll be coming back to Delta in 09 General...thank god I didn't burn my double breasted d o u c h e suit.:rolleyes:
OK you make some good points about what management is saying at UPS. The pot shot at your former employer and indirectly those who work there is in a word lame.
 

Networ-King

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OK you make some good points about what management is saying at UPS. The pot shot at your former employer and indirectly those who work there is in a word lame.
You wouldn't feel that way if your brothers and sisters whored themselves out 5000 avg block hours a month while you were on furlough..... so STFU unless you know the whole story.
 

Mikes Apartment

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Oh NNNOOO..... the sky is falling......Looks like I'll be coming back to Delta in 09 General...thank god I didn't burn my double breasted d o u c h e suit.:rolleyes:
Keep your job hauling boxes. Delta doesn't want you back. Have a great life d o u c h e bag. BTW, this is an airline forum...
 

Networ-King

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Keep your job hauling boxes. Delta doesn't want you back. Have a great life d o u c h e bag. BTW, this is an airline forum...
Another newbie eehhh? Whats the matter? Don't want me to come back and push you down a number? Don't worry... I'll keep my box delivery job for now... glad you learned how to post DB on FI. You'll learn soon enough how juniority works with your "union brothers and sister" at mother d if you get furloughed with this NWA deal. Time will tell.....

Net

Oh... and glad you finally made it out of the regional forum.......
 

General Lee

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Another newbie eehhh? Whats the matter? Don't want me to come back and push you down a number? Don't worry... I'll keep my box delivery job for now... glad you learned how to post DB on FI. You'll learn soon enough how juniority works with your "union brothers and sister" at mother d if you get furloughed with this NWA deal. Time will tell.....

Net

Oh... and glad you finally made it out of the regional forum.......
Oh man, Mike's Apartment showed you. SNAP. Stay away, really. Your bad attitude should be reserved for your new Brown Captains on your allnighters between Rockford and Boise. That will keep them up.....(you are probably ranting to yourself anyway)Enjoy that.

And, maybe you should start reading the transcripts of the SLI hearings. Very interesting indeed. Good night---I'm off to bed, you're off to Greensboro.


Bye Bye--General Lee
 

Networ-King

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Oh man, Mike's Apartment showed you. SNAP. Stay away, really. Your bad attitude should be reserved for your new Brown Captains on your allnighters between Rockford and Boise. That will keep them up.....(you are probably ranting to yourself anyway)Enjoy that.

And, maybe you should start reading the transcripts of the SLI hearings. Very interesting indeed. Good night---I'm off to bed, you're off to Greensboro.


Bye Bye--General Lee
HHHeeeeyyyyy there you are general....

yeah yeah... mikey showed me alright. He'll learn sooner or later I guess about how junior pilots get treated by open time whor....eeerr..... union brothers at mother d. Night time? Boise? Haven't done the first one in a long time and the second? Never been there.... with any airline... ha... I am going to check and see about LBB overnights though.... I hear the SWA crews party it up nicely :). Seriously though.... I really do hope the new delta does well.... the allocations for the bypass guys should be interesting eeehhh?:laugh: Night.....
 

GuppyWN

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When you kids are done I'd like to say something........

Damn! That's a lot of "billions" in one press release!

Gup
 

General Lee

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HHHeeeeyyyyy there you are general....

yeah yeah... mikey showed me alright. He'll learn sooner or later I guess about how junior pilots get treated by open time whor....eeerr..... union brothers at mother d. Night time? Boise? Haven't done the first one in a long time and the second? Never been there.... with any airline... ha... I am going to check and see about LBB overnights though.... I hear the SWA crews party it up nicely :). Seriously though.... I really do hope the new delta does well.... the allocations for the bypass guys should be interesting eeehhh?:laugh: Night.....
Yeah, and ever ask why NWA has always done a "ratio" for previous mergers or merger talks (Republic and talks with CAL) for SLI, and only now wants DOH when they are the smaller airline? Ever ask yourself that? The NWA guys were asked the same on the stand.

And that's great you get to go to Managua and such from MIA or wherever. Do you complain about Delta in Spanish to the line guys down there? I bet you do. They just shake their heads and repeat "gringo estupido..." But hey, go try LBB, that should really be FANTASTIC. At least you have a chance of going there. I don't.(that's good)

Bye Bye---General Lee
 

Networ-King

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Yeah, and ever ask why NWA has always done a "ratio" for previous mergers or merger talks (Republic and talks with CAL) for SLI, and only now wants DOH when they are the smaller airline? Ever ask yourself that? The NWA guys were asked the same on the stand.

And that's great you get to go to Managua and such from MIA or wherever. Do you complain about Delta in Spanish to the line guys down there? I bet you do. They just shake their heads and repeat "gringo estupido..." But hey, go try LBB, that should really be FANTASTIC. At least you have a chance of going there. I don't.(that's good)

Bye Bye---General Lee


Ha.... I guess you hear that saying in all sorts of different languages in your world travels eeehhh? And I thought it was 99.9% of people here on Flightinfo that think you're a tool.....

Enjoy your all nighters to Africa....


sincerely,

Net
 

General Lee

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Ha.... I guess you hear that saying in all sorts of different languages in your world travels eeehhh? And I thought it was 99.9% of people here on Flightinfo that think you're a tool.....

Enjoy your all nighters to Africa....


sincerely,

Net
Africa? I am too senior for that stuff. (although Lagos is a 24 hour 3 day trip) But, I will enjoy next weeks flight to Europe. And your seniority must have come to a dead stop thanks to age 65. Bummer. If you want some extra seniority out of category, maybe you could back bid to the DC8 FE slot? Enjoy Guat City.


Bye Bye--General Lee
 

Networ-King

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YYYYAAAAWWWNNNN.....


DC 8 FE? Ha..me? Nice try.... However.... DC 8 FE's here do make a pretty penny. Glad to know that you're the one and only pilot/FO that has not been affected by age 65. Hope the SLI works out well for ya...gives me more seniority at mother d.

Net
 
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