Articles by: David Harris

YTO Express Airlines recently ordered ten 737-800BCF conversions from Boeing.

YTO launches massive fleet expansion

May 22, 2017 at 10:55 am 0 comments

Just a few days ago, we posted news that Shanghai-based YTO Express had launched an international expansion program, the main cost of which, according to company VP Hao Wenning,  “will come from buying aircraft to strengthen air freight services.” Our discussion in that post centered on YTO’s likely need forRead More

Overheard at Cargo Facts Asia

Overheard at Cargo Facts Asia

May 18, 2017 at 10:04 am 0 comments

SHANGHAI – A record crowd of senior executives from all links in the air cargo supply chain gathered at the Grand Hyatt in Shanghai late last month for Cargo Facts Asia 2017 – the sixth annual presentation of what is now undeniably the region’s premier industry event. After five yearsRead More

April: the beat goes on for cargo traffic

April: the beat goes on for cargo traffic

May 15, 2017 at 10:30 am 0 comments

If we had posted the chart at right one year ago – that is, representing air freight demand growth for April 2016 – the results would have seemed so good as to be almost unbelievable. This year, growth that will likely average close double digits in April is, well, almostRead More

Express & e-commerce drive first-quarter growth at DP-DHL

Express & e-commerce drive first-quarter growth at DP-DHL

May 11, 2017 at 10:47 am 0 comments

Deutsche Post-DHL reported first-quarter net profit down slightly (0.9%) y-o-y to €633 million, as total revenue rose 7.3% to €14.88 billion. Operating profit (EBIT) for the quarter was up 1.4% to €885 million. As is often the case, the reported results tell only part of the story. In the firstRead More

Dash 8-100 joins the growing list of turboprop freighters

Dash 8-100 joins the growing list of turboprop freighters

May 8, 2017 at 9:33 am 0 comments

In 2014, Canada-based Voyageur Airways, took on the development of a passenger-to-package-freighter conversion program for the Dash 8-100. The move was in response to an RFP “from a courier company looking for a regional aircraft solution to transport small package cargo.” Between then and now, Voyageur has undergone significant change,Read More

ATSG forecasts “solid growth into the next decade”

ATSG forecasts “solid growth into the next decade”

May 4, 2017 at 10:37 am 0 comments

Air Transport Services Group (ATSG) reported first-quarter net income up 21.5% y-o-y to $10.0 million as net revenue jumped 34.1% to $238 million. Operating income for the quarter was up 15.6% to $17.7 million. Adjusting for the impact of non-cash expenses related to warrants associated with ATSG’s agreement with Amazon,Read More

An (adjusted) flying start for Atlas in 2017

An (adjusted) flying start for Atlas in 2017

May 3, 2017 at 10:54 am 0 comments

Atlas Air Worldwide Holdings (AAWW) reported a net first-quarter loss of $752,000 (compared to a $471,000 profit in 1Q16), as total revenues rose 13.6% y-o-y to $475 million. Operating income for the quarter was up 19.8% to $24 million. Given the net loss, why was Atlas so pleased with theRead More

Air freight tonnage up 15% in March

Air freight tonnage up 15% in March

May 1, 2017 at 9:41 am 0 comments

Through the past two weeks, as we analyzed the March results coming in from the world’s big cargo carriers and airports, we predicted that when IATA and WorldACD published their comprehensive data for the month, they would show a double-digit increase in demand for air freight. When we saw theRead More