FedEx takeover target TNT Express has posted a €27 million ($29.7 million) third quarter operating loss, nearly halving the €51 million loss in the year-ago period. “We remain focused on executing our outlook strategy to transform and turn TNT around,” TNT CEO Tex Gunning said. “2015 is a transition year for TNT. We expect to see year-on-year margin improvements from 2016 onwards.” During the three-month period, TNT’s revenues rose 2.3% to €1.7 ...

Subscribe to Access this Entire Article

"TNT Express halves 3Q operating losses" 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.

Already registered? here.