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Old 03-17-2020, 03:16 PM   #1  
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Default 3Q Results

Well, and to be clear, not being sarcastic at all, happy for my Fedex friends and colleagues! Q3 included all of Feb when things were already mostly shut down in China yet Purple managed to INCREASE revenue (by a small amount yet a gain), $17.49B vs $17.01B a year ago that you still had Amazon revenue and a normal Feb. Net income is another story but that will rebound once TNT issues are behind and cost savings measures are realized such as Ground delivering some Express packages, to name a few. Net income IMO not a byproduct of Corono but of the ongoing structural issues that are being addressed. I know they suspended guidance going forward, but if volumes have been holding up like our peers are saying and as revenue shows, maybe they are setting Wall Street up for disappointment only to surprise them.

While the results were not optimal or perfect, it should provide some sense of relief, also IMO.
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Old 03-17-2020, 03:24 PM   #2  
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Rumor says we will have lots of freight for the foreseeable future.
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Old 03-17-2020, 03:29 PM   #3  
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Rumor says we will have lots of freight for the foreseeable future.
If Purple will have lots of freight most likely Brown as well, hopefully that is the case!! We have restarted international ops on the MD (mostly domestic &#128556, lots of Asia trips being added.
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Old 03-17-2020, 05:23 PM   #4  
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If Purple will have lots of freight most likely Brown as well, hopefully that is the case!! We have restarted international ops on the MD (mostly domestic &#128556, lots of Asia trips being added.
I would absolutely expect that to be the case, which definitely is good news in an otherwise decimated airline industry. Let's hope it continues.
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Old 03-17-2020, 05:25 PM   #5  
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Rumor says we will have lots of freight for the foreseeable future.
To quote Raj on the call, "we have been seeing record setting payloads."
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