UPS to deploy 747-8 freighters from Qatar Airways by early 2025

News Snapshot:

Two Boeing 747-8 freighters recently purchased from Qatar Airways won’t join the UPS fleet for nearly a year. The move comes even as UPS adjusts its air network to align with lower volumes. Chief Financial Officer Brian Newman disclosed on the company’s Jan. 30 earnings briefing that UPS (NYSE: UPS) acquired the large cargo jets from Qatar Airways, as the world’s largest cargo airline exclusive of the express parcel carriers moves to an all-777 fleet. Atlanta-based UPS said in its 2022 annual report last February that it had committed to buy two used jumbo freighters but did not identify their...