FedEx reported net income in its fiscal third quarter up 10.8% to $562 million, as revenue rose 18.5% to $15.00 billion. Reported operating income was also up strongly (18.6%) to $1.03 billion. Great results, right? Well, yes, and no. Because, as has become almost usual with financial reports in ourRead More
Post Tagged with: "TNT"
Today FedEx reached the end of its long road to the acquisition of TNT. It also started down the longer, and likely more rocky, road of making that acquisition work. To begin, nothing much will change. “In the near term, customers can expect to interact with each company as theyRead More
It’s official: as of today, ASL Aviation Group acquired the two airlines formerly owned by TNT Express. When FedEx made its offer to acquire TNT Express, one of the conditions imposed by EU law was that TNT Express’ airlines – TNT Airways and Pan Air Líneas Aéreas – could notRead More
Today we begin a two-part analysis of the jet freighter fleets operated in express service worldwide. Tomorrow we will look at the fleet on an operator-by-operator basis, but here we examine the current makeup of the total fleet, and the way it has changed over the years. At the endRead More
TNT published its first-quarter 2016 results. Or perhaps “final quarter” would be a better term, or “last full quarter.” After seventy years in business, TNT is counting down its final six weeks, with 6 June likely the day FedEx will formally acquire the Netherlands-based express company. But in the meantime, TNTRead More
One of the biggest questions arising out of FedEx’s acquisition of TNT Express has been answered: Ireland-based ASL Aviation Group signed an agreement to acquire TNT’s airline operations, including both TNT Airways, and Spain-based Pan Air Lineas Aéreas. The agreement is conditional on the completion of FedEx’s acquisition ofRead More
No, FedEx did not complete the takeover of TNT today, and no, it won’t happen tomorrow, but the European Commission today granted unconditional approval of the deal, and completion is now a foregone conclusion. Margrethe Vestager, the European Union’s Commissioner for Competition, said the EC had “thoroughly assessed the markets affected,” andRead More