UPS beat earnings projections last quarter, and had 30% growth in Next Day Air volume (note: Amazon is typically Second Day Air). They have repeatedly affirmed EPS guidance of $7.45-7.75.
Also, it is widely reported Amazon is 10% of total UPS volume and 5% of total revenue; who knows if that’s accurate or not, Atlanta isn’t telling.
UPS just announced a high nine-figure additional investment in SDF, and has roughly thirty more factory-new growth airframes to take delivery of in the next three years including fifteen 747-8s.
None of that sounds like the actions of a struggling logistics company...