Post Tagged with: "Air Transport Services Group"

Amazon network ramp-up drives a good quarter at ATSG

Amazon network ramp-up drives a good quarter at ATSG

August 10, 2016 at 10:38 am 0 comments

Air Transport Services Group (ATSG) reported a strong second quarter, with net income up 7.3% y-o-y to $12 million, as net revenue from customers rose 19.0% to $177 million. Operating income (EBIT) for the quarter was down 20.2% to $16 million. On an adjusted basis, pre-tax earnings were down 2.4%Read More

Details emerge regarding Amazon’s ATSG Warrants

Details emerge regarding Amazon’s ATSG Warrants

March 21, 2016 at 12:54 pm 0 comments

News of Amazon’s planned foray into the air express network broke on March 8 when Air Transport Services Group (ATSG) announced it would operate twenty 767 freighters on Amazon’s behalf out of its Wilmington, OH hub. The deal however, was not limited to planes, it also granted Amazon warrants exchangeableRead More

Amazon gains right to own 19.9% of ATSG as 20-freighter network is confirmed

Amazon gains right to own 19.9% of ATSG as 20-freighter network is confirmed

March 9, 2016 at 10:42 am 3 comments

One day after reporting excellent fourth-quarter results, Air Transport Services Group (ATSG) finally broke the news we have been expecting for some time: it has signed a deal with e-commerce giant Amazon to operate an express air network based on twenty ATSG-owned 767 freighters. No huge surprise there, as itRead More

ATSG ups guidance – where does Amazon fit in?

ATSG ups guidance – where does Amazon fit in?

February 11, 2016 at 10:26 am 1 comment

US-based Air Transport Services Group issued guidance for stronger fourth-quarter and full-year 2015 results than it had earlier predicted. At the beginning of this week, the company said it now expected that 2015 EBITDA would be “in a range of $196 – $200 million.” This is up 2.5% over itsRead More

ASL and  West Atlantic are raising cash

ASL and West Atlantic are raising cash

December 29, 2015 at 9:17 am 0 comments

The front-runner to acquire TNT’s two airlines – in terms of market speculation, anyway – is Ireland’s ASL Aviation Group and its 51% shareholder, Compagnie Maritime Belge (CMB). So it comes as little surprise that ASL has completed a funding round, worth US$110m, for “growth plans.” While no one isRead More

Amazon Airlines?

Amazon Airlines?

November 30, 2015 at 10:53 am 1 comment

It looks like “Amazon Airlines” is on its way. During a conference call in early November, following publication of Air Transport Services Group’s third-quarter results, CEO Joe Hete commented on the subject of managing express networks for customers, saying: “The trial ACMI express network that we launched in September for aRead 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 express operator in China

A new express operator in China

September 24, 2015 at 10:42 am 0 comments

A new challenger is entering the ring in the battle for express air freight in Asia, as ATSG and Okay Airways join forces with three other players to create United Star Express Airlines. Last week we published an extensive analysis of Alibaba’s planned expansion from Chinese online shopping business toRead More