Air Cargo News.Dec 31, 2006 FedEx FedEx Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Frederick Smith said holiday season volumes have been "solid" and he expects "continued global economic growth in 2007." Dec 21, 2006 FedEx FedEx Express airline segment registered second-quarter operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. of $502 million, up 5% from $476 million last year, on a 6% rise in revenues to $5.69 billion. The segment's operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: was 8.8%, down 0.1 point from the year-ago period, a falloff fall·off n. A reduction or decrease: a falloff in car sales. Noun 1. falloff - a noticeable deterioration in performance or quality; "the team went into a slump"; "a gradual slack in the company attributed to costs associated with a new pilot labor contract including signing bonuses and other upfront compensation that totaled about $143 million as well as pay increases and enhanced benefits. Dec 21, 2006 FedEx FedEx pointed out that the Express unit is growing its international network, evidenced by recent agreements to buy UK domestic express operator ANC ANC abbr. African National Congress ANC African National Congress: South African political movement instrumental in bringing an end to apartheid ANC n abbr (= Holdings and its Indian service provider Prakash Air Freight. Dec 21, 2006 FedEx FedEx posted total operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. were $8.09 billion, up 11%, leading to operating income of $839 million, a 6% increase from $790 million last year. The Express segment generated more revenue and operating income than the company's other three units combined. Its per-lb. yield on international shipments grew 6% to 86 cents with overall per-lb. yield rising 8% to 98 cents. Dec 21, 2006 FedEx FedEx reports $511 million profit, says pilot contract lowers operating margin. FedEx reported net income of $511 million for its fiscal second quarter ended Nov. 30, up 8% over earnings of $471 million in the year-ago quarter, on a 10% jump in revenues to $8.93 billion. Dec 21, 2006 FedEx, ANC Holdings FedEx acquired ANC Holdings, a UK express delivery operator, in a [pounds sterling]120 million ($234 million) move the global air cargo power said will enable it "to directly serve the entire UK domestic market." ANC has annual revenues of more than [pounds sterling]145 million. "The addition of ANC significantly expands our service portfolio in the important UK market and underscores our continuing commitment to grow the FedEx international business," FedEx Express President-International Michael Ducker said. ANC management will remain in place and report to FedEx executives. The purchase comes less than two months after FedEx agreed to buy its Indian service provider Prakash Air Freight. Dec 19, 2006 Korean Air Korean Air, the world's top air cargo carrier, said in a filing to the Korea Exchange that the company is aiming to post KRW KRW In currencies, this is the abbreviation for the Korean Won. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 640 billion won (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $690.5 million) in operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. next year with sales up 3.6 percent to KRW8.6 trillion (USD$9.28 billion). This year, the airline says it expects to report KRW560 billion (USD$604.2 million) in operating profit and KRW8.3 trillion (USD$8.96 billion) in sales. In the third quarter, Korean Air posted an 18 percent fall in net profit on higher jet fuel costs. Dec 28, 2006 Z Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Dec 18, 2006 |
|
||||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion