New York Stock Exchange-listed UPS reported a 15 percent increase in full-year revenue to $97.3 billion. While operating profit was $12.8 billion, adjusted operating profit was $13.1 billion, up 50.8 percent and operating margin was 13.2 percent. Cash from operations was $15 billion and free cash flow was $10.9 billion.
"UPS expects to deliver its 2023 consolidated revenue and operating margin targets one year early. For the full year 2022, the company expects consolidated revenue of about $102 billion, an adjusted operating margin of approximately 13.7 percent and adjusted return on invested capital to be above 30 percent," says an official release.
UPS reported a 11.5 percent increase in fourth-quarter 2021 consolidated revenue of $27.8 billion. Consolidated operating profit was $3.9 billion, up 91 percent compared to the fourth quarter of 2020.
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Ethiopian Airlines has transported Covid-19 vaccine shipment from Beijing to N'Djamena via Addis Ababa on February 6.Commenting on the operation of the vaccine delivery flight, Tewolde GebreMariam, CEO of Ethiopian Airlines remarked, “We are glad that we have launched the delivery of our mission-critical service with the distribution of much-anticipated Covid-19 vaccine.
We will be repeating the remarkable and globally recognised success in leading the fast delivery of PPE few months ago with similar delivery speed, professional handling and maintaining the cool chain during the global vaccine distribution.”https://www.logupdateafrica.com/ethiopian-airlines-transports-covid19-vaccine-shipment-to-ndjamena-air-cargo
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