UPS said it finished 2009 "on a high note," reporting significant fourth-quarter improvement and closing out the year with a $2.15 billion profit, down 28.3% from the $3 billion earned in 2008. Full-year revenue fell 12% to $45.3 billion against a 10% cut in costs to $41.5 million. The company's operating profit slipped 29.4% to $3.8 billion to $5.38 billion. "UPS ended 2009 on a high note by leveraging network changes implemented throughout the year and executing flawlessly during the peak ...

Subscribe to Access this Entire Article

"UPS finishes strong, reports 28% drop in full-year profit" 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.