Airlines slash freighter capacity post-de minimis, but 'the worst is yet to come'
Airlines have already significantly cut freighter capacity since last week’s de minimis change in the ...
“Read across to UPS is positive from the 4Q F20 ground performance [of FedEx]. We believe that FDX’s 4Q earnings report provides a positive read across to UPS in terms of the strong Ground revenue growth of 20% y/y and the better than anticipated Ground margin performance. In 4Q FDX Ground realised 25% volume growth which was much better than our 10% volume forecast. The FDX 4Q points to strong volume growth for UPS in their Ground business in 2Q20.”
– UBS, ...
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