TNT reported second-quarter net income of €81 million ($115.3 million), down 60.5% from a €205 million profit in the year-ago period, but noted that the decline in volume at its Express segment that relies heavily on air operations "seems to be bottoming out." Operating income lowered 45.1% to €178 million on a 10% dip in revenue to €2.53 billion. TNT Express posted an 81% decrease in operating income to €29 million on a 15.5% fall in revenue to €1.45 ...

Subscribe to Access this Entire Article

"TNT reports 60.5% profit plunge; Express decline 'bottoming out'" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.