Post Tagged with: "ATSG"

ABX Air pilots went on strike this morning, just days before the holiday shopping frenzy begins in the US.

Part III: The changing landscape of freighter aircraft leasing

Aircraft, News August 16, 2017 at 9:32 am

On Monday, we began a multi-part series on freighter aircraft leasing which began with a look at the way in which a business that was originally fairly straightforward has become increasingly complex – you can see that discussion here. Yesterday, we continued with a closer look at the lessors themselves (seeRead More

The World’s top 50 cargo carriers Part II — what’s with the data?

The World’s top 50 cargo carriers Part II — what’s with the data?

Carriers, News, Strategy, Traffic August 9, 2017 at 9:56 am

Yesterday, in Part I of this analysis we included a chart showing our best estimate of the international, domestic, and total cargo traffic (including mail and both scheduled and charter freight) flown by the top fifty carrier groups worldwide. But why do we call it our “best estimate,” and howRead More

Precision and ATSG form A321 freighter conversion JV

Precision and ATSG form A321 freighter conversion JV

Aircraft, Conversions, News, Strategy August 7, 2017 at 10:28 am

Ending its silence on the subject of “what comes next,” 757 conversion specialist Precision Aircraft Solutions this morning announced the formation of 321 Precision Conversions, LLC, a joint venture with Air Transport Services Group (ATSG) “to develop a passenger-to-freighter conversion of Airbus A321-200 Aircraft.” It has been something of anRead More

ATSG forecasts “solid growth into the next decade”

ATSG forecasts “solid growth into the next decade”

Aircraft, Asia, Conversions, E-Commerce, Earnings, News May 4, 2017 at 10:37 am

Air Transport Services Group (ATSG) reported first-quarter net income up 21.5% y-o-y to $10.0 million as net revenue jumped 34.1% to $238 million. Operating income for the quarter was up 15.6% to $17.7 million. Adjusting for the impact of non-cash expenses related to warrants associated with ATSG’s agreement with Amazon,Read More

PEMCO launches 737-700 conversion programs, books launch order

PEMCO launches 737-700 conversion programs, books launch order

Aircraft, Asia, Carriers, Conversions, News April 26, 2017 at 9:53 am

SHANGHAI – At the Cargo Facts Asia event in Shanghai today, PEMCO World Air Services formally launched passenger-to-freighter and passenger-to-combi programs for Boeing’s 737-700. PEMCO, which was recently acquired by Air Transport Services Group, also announced a launch order from Bahrain-based Chisholm Enterprises, parent of charter operator Texel Air, forRead More

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

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

Earnings, News March 7, 2017 at 10:58 am

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

Amazon's Prime Air Network began to have an impact on the cargo carrier rankings in 2016, and that impact will increase in the coming years.

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

Airports, Conversions, E-Commerce, News February 20, 2017 at 10:44 am

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

Aircraft, Asia, Carriers, Conversions, E-Commerce, Express, News, Strategy February 16, 2017 at 10:51 am

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