UPS retires MD-11 fleet following fatal Louisville plane crash

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In other news related to UPS, the company announced its fourth-quarter financial results, revealing that the aircraft fleet involved in the deadly Louisville plane crash has been retired. The logistics giant achieved significant milestones, including $24.5 billion in consolidated revenues and an 11.8% non-GAAP adjusted operating margin. The earnings report highlighted the company’s performance, with diluted earnings per share reaching $2.10, or $2.38 on a non-GAAP adjusted basis.

UPS attributed its success to the commitment of its employees in delivering top-notch service to customers. CEO Carol Tomé expressed her gratitude to the UPSers for their dedicated service during peak times, resulting in financial performance that exceeded expectations. Tomé emphasized the progress made in 2025 and the company’s efforts to enhance revenue quality and optimize its network for future growth.

Segment performance analysis revealed mixed results for UPS. The U.S. Domestic segment experienced a revenue decline of 3.2% but showed improved pricing power with an 8.3% growth in revenue per piece. International operations posted revenue growth of 2.5%, driven by a 7.1% increase in revenue per piece. Supply Chain Solutions faced challenges with a revenue decline of 12.7%, mainly due to volume decreases in the Mail Innovations business.

The company undertook fleet modernization initiatives during the quarter, including the retirement of its MD-11 aircraft fleet involved in the Louisville crash. These actions resulted in charges amounting to $137 million, reflecting UPS’s commitment to modernizing its operations for improved efficiency. Additionally, UPS incurred transformation charges of $101 million as part of its Network Reconfiguration and Efficiency Reimagined initiatives, generating significant cost savings.

UPS reported full-year 2025 revenue of $88.7 billion, with adjusted diluted earnings per share of $7.16. Looking ahead to 2026, the company expects consolidated revenue of approximately $89.7 billion and a non-GAAP adjusted operating margin of about 9.6%. UPS plans capital expenditures of $3.0 billion and dividend payments of approximately $5.4 billion, subject to board approval. Transformation initiatives are projected to deliver $3 billion in savings during 2026, with programs set to conclude by 2027.