TNT reported first-quarter net income of €76 million ($101.9 million), down 53% from a €179 million profit in the year-ago period, saying that "international express volumes are under significant pressure." Operating income fell 40.8% to €163 million on a 7.8% rise in revenue to €2.44 billion. TNT Express, the expedited delivery segment that relies heavily on air operations, was affected by "continued recessionary pressure on volumes, though decline seems stable since ...

Subscribe to Access this Entire Article

"TNT posts 53% first-quarter profit drop" 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?

Already registered? here.