Post Tagged with: "Air Transport Services Group"

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

ATSG enters 5-year agreement with DHL

ATSG enters 5-year agreement with DHL

January 28, 2015 at 9:23 am 0 comments

US-based Air Transport Services Group (ATSG) completed a new five-year agreement with DHL. Under the agreement, which the two companies have been working toward for some time, ATSG will extend its flying in support of DHL’s US operations through March 2019. ATSG said some of the principal elements of theRead 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

DHL continues to revamp its US air operations

DHL continues to revamp its US air operations

August 28, 2014 at 10:56 am 0 comments

DHL Express ended its disastrous attempt to compete in the US domestic express market in 2008, but since that time, its US international business has grown strongly. The company requires a considerable amount of dedicated lift to support this US business, including domestic feeder service as well as international lift.Read More

ATSG reports a strong quarter, will expand owned fleet

ATSG reports a strong quarter, will expand owned fleet

August 7, 2014 at 10:51 am 0 comments

US-based Air Transport Services Group reported second-quarter net income up 37.5% y-o-y to $9.5 million, as total revenue rose 8.9% to $189.4 million. Operating income for the quarter was up 27.9% to $18.1 million. ATSG is the world’s biggest lessor of medium widebody freighters, with a 57-unit fleet, including nineRead More

ATSG sees increasing demand for medium widebodies.

ATSG sees increasing demand for medium widebodies.

May 8, 2014 at 10:49 am 0 comments

ATSG reported a moderately good first quarter, but the big news was two new leasing contracts. US-based Air Transport Services Group (ATSG) reported first-quarter net income down 20.8% y-o-y to $7 million. The decline came despite a slight (0.2%) increase in net revenue from customers to $144 million, but ATSGRead More

More 767 freighters for Cargojet

More 767 freighters for Cargojet

May 7, 2014 at 10:01 am 1 comment

Canada-based all-cargo operator Cargojet has begun expanding its fleet in preparation for servicing the Canada Post/Purolator contract it won this spring, and which will go into effect 1 April next year. When the contract win was announced in late February, we predicted that Cargojet – which had already begun replacingRead More