Cargo Facts
SUBSCRIBE
  • NEWS
  • DATA
  • MULTIMEDIA
  • MAGAZINE
    • Issue Archive
    • Weekly Update
  • EVENTS
  • CONSULTING
Saturday, January 16, 2021
Log In
No Result
View All Result
  • Aircraft Leasing
  • Capacity & Demand
  • Carriers
  • E-Commerce
  • Engines
  • Express
  • Freighter Aircraft
  • Freighter Conversions
Cargo Facts
  • NEWS
  • DATA
  • MULTIMEDIA
  • MAGAZINE
    • Issue Archive
    • Weekly Update
  • EVENTS
  • CONSULTING
Log In
No Result
View All Result
Cargo Facts
No Result
View All Result

ATSG reports a strong quarter, will expand owned fleet

David Harris by David Harris
August 7, 2014
in Carriers, News Archives, Strategy
Share on FacebookShare on TwitterShare on LinkedIn

ATSG 2Q14 resultsUS-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 nine 767-300 and forty 767-200 freighters. It also has four 757-200Fs and four 757-200 Combis. ATSG is the parent of leasing and aircraft management company Cargo Aircraft Management (CAM), as well as of two airlines (ABX Air and Air Transport International), and MRO company Airborne Maintenance and Engineering Services (AMES). We will provide a detailed analysis of ATSG’s second-quarter and first-half results in the August issue of Cargo Facts, but highlights include:

  • Discussing the results, CEO Joe Hete said ATSG “is in its best position in years.” He pointed out that while the company’s biggest customer, DHL Express, was reducing its commitment with ATSG slightly – returning two 767-200Fs in June and July, and planning to return a third in September, demand from other customers would more than compensate, with five aircraft to be deployed to new customers (including Cargojet, Amerijet, and West Atlantic) by the end of the third quarter.
  • ATSG’s aircraft leasing business, Cargo Aircraft Management (CAM), agreed to purchase two 767-300BDSFs (24358, 24729) from Guggenheim Aviation Partners (GAP) at the end of September this year. The agreement includes an option to purchase a third (26544) in 2015. The two freighters to be purchased in September are units that ATSG is already operating under lease from GAP.The company’s ACMI Services segment had its first profitable quarter since 2011, with a pretax gain of $309,000 as compared to a $9 million loss a year ago and a $7 million loss in the first quarter.
  • The AMES MRO unit opened a new hangar facility in Wilmington (ILN), capable of handling aircraft up to 747 size. AMES had an exceptionally strong second quarter.
  • The four-unit 757-200 Combi fleet is now fully operational in service to the US military, and operations will not be affected by the drawdown of involvement in the Middle East.

Net income for the first half of 2014 was up 5.4% to $16.2 million, and looking ahead, ATSG said it expected to beat its previously released guidance for the full year.

Tags: 767-300FABXAir Transport InternationalAir Transport Services GroupAMESATIATSGCAMCargo Aircraft ManagementDHLGAPGuggenheimStrategy
Previous Post

Air freight growth continues in June, if more slowly

Next Post

More 747-8 Freighters for ABC

Related Posts

AEI inductions highlight surging conversion demand
Freighter Conversions

AEI inductions highlight surging conversion demand

January 15, 2021
Freighter Aircraft

Weekly Wrap: Flurry of freighter orders in first weeks of 2021

January 15, 2021
Cargojet equity offering to grow 767 fleet, add 777 platform
Freighter Conversions

Cargojet to grow 767 fleet, add 777 platform

January 14, 2021
Next Post

More 747-8 Freighters for ABC

Leave a Reply Cancel reply

Your email address will not be published.

Get Latest Issue

CARGO FACTS CONSULTING

DHL vaccines

COVID-19 vaccine traffic to be ‘blip on the radar’

December 18, 2020
China-Europe rail freight surges

China-Europe rail freight surges

October 9, 2020
  • About Us
  • Help Center
  • Privacy Terms
  • ADA Compliance
  • Advertise

Follow Us

twitter twitter linkedin podcast

© 2021 Royal Media & Cargo Facts

No Result
View All Result
  • News
    • All News
    • Aircraft Leasing
    • Capacity & Demand
    • Carriers
    • E-Commerce
    • Engines
    • Express
    • Freighter Aircraft
    • Freighter Conversions
  • Data
  • Multimedia
  • Magazine
    • Issues Archive
    • Weekly Update
  • Events
  • Consulting
  • Subscribe
  • Log In / Account

© 2021 Royal Media & Cargo Facts

Go to mobile version