Royal Mail Reports Loss of £1 Billion After Year of Strikes

Members of the Communication Workers Union (CWU) hold a rally in Parliament Square, London, on Dec. 9, 2022. Victoria Jones/PA Media

Royal Mail has suffered a full-year loss of more than £1 billion, leaving it trading at a loss as it recovers from the impacts of industrial action.

A 94-page document (pdf) by Royal Mail’s owner International Distributions Services (IDS), reported that the group swung to an operating loss of £1.04 billion for the year to March 26, against earnings of £250 million in 2021–2022.