UPS issued a profit warning yesterday, projecting earnings per share for the second quarter of $0.83-$0.88, down from the $0.97-$1.04 per share originally anticipated. It cited "slow US economic growth and an unprecedented increase in the cost of fuel," resulting in lower US package volume than expected and an "accelerating contraction in the use of premium air products."

Subscribe to Access this Entire Article

"Printer-friendly" 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.