AusPost's crisis inflection point

With its first six-month loss, Australia Post's anticipated crisis has arrived. Now Ahmed Fahour needs tools to manage a letter business implosion while maintaining success in parcels and retail networks.

As this year has progressed, Australia Post has been raising the volume on its warnings that it is facing a looming crisis. Its chief executive, Ahmed Fahour, today essentially said that it has already arrived.

In a speech to the Australia Israel Chamber of Commerce, Fahour said Australia Post’s letters business, which lost $218 million in 2013, would lose more than $300 million in the 2014 financial year.

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