Post Tagged with: "ACMI"

[EXCLUSIVE] Amazon building its own overnight airfreight operation, sources say

[EXCLUSIVE] Amazon building its own overnight airfreight operation, sources say

December 17, 2015 at 12:21 pm 64 comments

Amazon.com Inc. is creating a logistics operation that will include overnight air operations in the US domestic market, potentially including the acquisition of at least 20 freighter aircraft, Cargo Facts has learned. Currently, Amazon ships most of its parcels through United Parcel Service, FedEx, and the United States Postal Service.Read More

[EXCLUSIVE] Details on how Amazon will build its overnight air venture

[EXCLUSIVE] Details on how Amazon will build its overnight air venture

December 17, 2015 at 11:19 am 0 comments

News of the ramping up of an Amazon logistics unit comes in the wake of something of an open secret that the e-commerce giant is conducting a trial air operation in the US, in partnership with Air Transport Services Group Inc, a publicly traded airfreight company. Less commonly known isRead More

Full speed ahead for ATSG

Full speed ahead for ATSG

November 9, 2015 at 10:48 am 0 comments

Air Transport Services Group (ATSG) reported its third-quarter results, but the real news is what is coming next. The company reported third-quarter net income down 33.8% to $6.5 million, as net revenue from customers rose 2.8% to $142 million. At first glance, a one-third drop in net income might seemRead More

A new partner for lonely ABC?

A new partner for lonely ABC?

October 13, 2015 at 9:15 am 0 comments

Russia’s Volga-Dnepr Group has been largely silent on plans for its newest offspring, UK-based startup carrier Cargologicair. The Russian parent company has no explicit documented ties to the new carrier, which sources say will start ACMI services by the end of the year. However, Cypriot businessman and president of Volga-DneprRead More

ATSG, the evolution continues

ATSG, the evolution continues

August 10, 2015 at 10:49 am 0 comments

US-based Air Transport Services Group (ATSG) reported second-quarter net income up 13.4% to $10.8 million, despite a slight (0.8%) decline in revenue to $148.4 million. Operating income (EBIT) for the quarter was up 9.3% to $19.8 million. The story behind these big increases in income is interesting, and reflects theRead More

Freighter operation: Jet Airways in, Thai out

Freighter operation: Jet Airways in, Thai out

March 24, 2015 at 10:56 am 0 comments

With regulatory approval in place from the Indian aviation authority, Jet Airways plans to launch freighter operations in April with an A330-200F ACMI-leased from Abu Dhabi-based Etihad Airways. At almost the same time, just across the Bay of Bengal, Thai Airways International will exit the main-deck freighter business and parkRead More

ATSG reports 3Q profit up, extends DHL agreement

ATSG reports 3Q profit up, extends DHL agreement

November 11, 2014 at 9:35 am 0 comments

US-based Air Transport Services Group (ATSG) reported third-quarter net income up 27.0% y-o-y to $10 million, as total revenue rose 3.1% to $185 million. Operating income for the quarter was up 10.1% to $18 million, and CEO Joe Hete said “I’m confident that we’re heading for one of the bestRead More

3Q net income up 16% for Atlas

3Q net income up 16% for Atlas

November 7, 2014 at 10:22 am 0 comments

Atlas Air Worldwide Holdings reported third-quarter net income up 16.2% y-o-y to $26 million, as revenue rose 14.9% to $486 million. Operating income (EBIT) for the quarter was up 5.7% to $61 million. The chart at right gives a detailed look at the company’s financial and operational performance, but here areRead More