May 7, 2021
WASHINGTON – The U.S. Postal Service today announced its financial results for the 2021 second quarter ended March 31, reporting a net loss of $82 million, compared to a net loss of approximately $4.5 billion for the same quarter last year, as a pandemic surge in demand for package deliveries was not enough to offset increased operating costs and a decline in revenue from mail services.
- Adjusted loss of $1.7 billion for the quarter compared to an adjusted loss of $1.9 billion a year earlier (excludes non-cash workers’ compensation adjustments)
- Results reflect a pandemic surge in demand for package deliveries, increased operating costs and a continued decline in revenue from mail services
- Quarter featured the release of the 10-year ‘Delivering for America’ plan – a comprehensive vision for restoring financial sustainability and service excellence to USPS
- Service performance improved in the quarter, with improvements continuing. Network infrastructure investments projected to meet customer’s evolving needs ahead of the 2021 holiday season.
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