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
Post Tagged with: "Air Transport Services Group"
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
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 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
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