Post Tagged with: "ATSG"

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

[EXCLUSIVE] Amazon building its own overnight airfreight operation, sources say

[EXCLUSIVE] Amazon building its own overnight airfreight operation, sources say

December 17, 2015 at 12:21 pm 64 comments

Amazon.com Inc. is creating a logistics operation that will include overnight air operations in the US domestic market, potentially including the acquisition of at least 20 freighter aircraft, Cargo Facts has learned. Currently, Amazon ships most of its parcels through United Parcel Service, FedEx, and the United States Postal Service.Read More

[EXCLUSIVE] Details on how Amazon will build its overnight air venture

[EXCLUSIVE] Details on how Amazon will build its overnight air venture

December 17, 2015 at 11:19 am 0 comments

News of the ramping up of an Amazon logistics unit comes in the wake of something of an open secret that the e-commerce giant is conducting a trial air operation in the US, in partnership with Air Transport Services Group Inc, a publicly traded airfreight company. Less commonly known 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

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