The crisis at SAirGroup, parent of Swissair, has exposed a web of financial arrangements designed to keep afloat three struggling French airlines and to navigate European rules on airline ownership.
Read MoreChronopost International registers 25% increase in consolidated sales
Read MoreThe Italian postal service said Thursday it had signed a letter of intent with its French counterpart to establish an alliance for the delivery of packages and express mail
Read MoreLONDON – La Poste, France’s state mail monopoly, suffered a sharp decline in
net
profits last year due to exceptional costs and higher energy prices, but
parcel
and logistics revenue surged. Net profit slid 51% to 139.2 million euros
($125.3
million) in 2000 from 283.6 million euros ($255.2 million) in 1999.
March 30, 2001 — La Poste, the French state mail monopoly, said Thursday exceptional costs and higher energy prices caused a significant drop in profits in 2000. La Poste reported net profit of EUR139.2 million in 2000, down 51% from EUR283.6 million in 1999.La Poste chief executive Martin Vial cited costs related to the euro switchover, higher transport and energy prices, and the implementation of the 35-hour working week were behind the declining profitability.
Read More
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
