Post Tagged with: "ATSG"

4Q revenue up, profit down, but ATSG sees blue skies ahead

4Q revenue up, profit down, but ATSG sees blue skies ahead

March 7, 2017 at 10:58 am 0 comments

Air Transport Services Group reported fourth-quarter net income of US$1.5 million, down 89.6% from 4Q15, as revenue rose 22.1% to $222 million. Operating income (EBIT) for the quarter was down 19.6% to $18 million. However, both the net income and operating income figures come with significant asterisks, and mean veryRead More

Could Amazon's Prime Air freighters one day carry DHL Express packages?

Amazon’s Prime Air to commence operations at CVG beginning in spring 2017

February 20, 2017 at 10:44 am 0 comments

At the beginning of the month, Seattle-based Amazon announced plans to shutter its Prime Air operations at Wilmington Air Park (ILN) in Ohio, and construct a new “centralized air hub” at nearby Cincinnati/Northern Kentucky Airport (CVG) in Hebron, Kentucky – just 110 km to the southwest. (For a more detailedRead More

ATSG looks ahead

ATSG looks ahead

February 16, 2017 at 10:51 am 0 comments

In a presentation delivered at the Stifel, Nicolaus & Co Transportation & Logistics Conference, Air Transport Services Group (ATSG) Chief Executive Officer Joe Hete and Chief Commercial Officer Rich Corrado painted a picture of where the company is now, and also provided some information about near-term plans and a glimpseRead More

Amazon to abandon Wilmington hub for Cincinnati/Northern Kentucky

Amazon to abandon Wilmington hub for Cincinnati/Northern Kentucky

February 1, 2017 at 9:41 am 0 comments

Yesterday, Seattle-based Amazon announced that it will shutter operations at Wilmington Air Park (ILN) in Ohio, and construct a new US$1.49 billion “centralized air hub” to support its Prime Air operations at nearby Cincinnati/Northern Kentucky Airport (CVG) in Hebron, Kentucky – just 110 km to the southwest. In parallel, CVG Airport’sRead More

Amazon Prime One

E-commerce and express traffic drive growth at Seattle’s airport in 2016

January 30, 2017 at 10:58 am 0 comments

Last year, Seattle-based Amazon launched a dedicated air freight network, “Prime Air” and began carrying cargo between major distribution centers in the United States with a fleet of 767 freighters operated operated by Atlas Air and ATSG. With initial plans that call for a fleet of forty aircraft by 2020, atRead More

ATSG acquires PEMCO

ATSG acquires PEMCO

January 3, 2017 at 10:45 am 0 comments

Air Transport Services Group (ATSG) significantly expanded its MRO footprint (and added a new conversion business) with the acquisition, announced this morning, of US-based MRO and conversion company PEMCO World Air Services. The acquisition was made through ATSG’s MRO subsidiary Airborne Maintenance and Engineering (AMES). PEMCO, which was owned byRead More

Kalitta Air pilots agree to new contract

Kalitta Air pilots agree to new contract

December 27, 2016 at 10:44 am 0 comments

Pilots at US-based ACMI and charter operator Kalitta Air voted overwhelmingly to ratify a new contract. The International Brotherhood of Teamsters, which represents the Kalitta pilots, said a twenty-one day voting period ended on 20 December, with 234 pilots voting in support of the new deal, and 17 voting against.Read More

ABX pilots strike

ABX pilots strike

November 22, 2016 at 10:56 am 1 comment

Update 23 November: A judge in the United States District Court, Southern District of Ohio, will hold an evidentiary hearing on the case late today (Wednesday), but until he reaches a decision, the strike looks set to continue. This morning, four days before Black Friday, the beginning of the annual consumer shoppingRead More