The really telling thing about their profits is that international parcel deliveries are increasing, so you would think that the losses on that would likewise be increasing and continuing to affect their bottom line. But consider this, 2009-2010 financial year recorded a pre-tax profit of a 'mere' $103 million (Ahmed Fahour was officially appointed CEO 1st February, 2010), so since then AP has much more than doubled their profits because that $280 million profit is after tax. 

And all that in this increasingly challenging environment we keep hearing about.