ATSG reports adjusted third-quarter net income up 72%

Air Transport Services Group (ATSG) reported a third-quarter net loss of $33 million, as revenue increased 31.5% y-o-y to $254 million. A bad quarter? Hardly. As was the case with Atlas Air Worldwide Holdings, the main cause of the reported loss was a change in the value of warrants issued to Amazon as part of […]
  • David Harris
  • November 9, 2017

Expeditors flies high in 3Q17

For what seemed like forever, US-based forwarder Expeditors reliably produced financial and operating results that were the envy of the industry. In fact, it is not much of a stretch to say that Expeditors’ margins would be the enviable in just about any industry. But last year, a bit of the shine came off. Despite […]
  • David Harris
  • November 9, 2017

FedEx is the Launch Customer for ATR’s new production freighter

ATR signed an agreement with FedEx for the purchase of thirty ATR 72-600Fs, with options for twenty more. This will be ATR’s first production freighter. Until now, any carrier or lessor that wanted a turboprop freighter had to first acquire a used passenger unit, and then have it converted to freighter configuration. Most such conversions […]
  • David Harris
  • November 8, 2017

How much air freight did YOU generate?

Over the past week, we have published a three-part analysis of the world’s top fifty cargo airports. This is either Part IV, or something completely different, take your pick. In the previous posts we have examined the international, domestic, and total freight handled by the fifty busiest cargo airports in 2016. We are not alone […]
  • David Harris
  • November 8, 2017

Revenue and Block Hours up 20% in Atlas 3Q

Atlas Air Worldwide Holdings reported a third-quarter net loss of $24 million, as total revenue jumped 19.6% y-o-y to $536 million. Operating income for the quarter more than doubled, to $53 million. So, if the revenue and operating income gains were so good, why the reported loss? In a “no good deed goes unpunished” way, […]
  • David Harris
  • November 7, 2017

World’s Top 50 Cargo Airports — Part III: What can we learn about trade flows?

Today we continue our multi-part series of posts analyzing freight flows through airports in 2016. In Part I we looked at the overall state of the air freight market in 2016, and provided chart showing the top 50 airports worldwide, ranked for international freight, domestic freight, and total freight handled. Yesterday, in Part II, we […]
  • David Harris
  • November 6, 2017

World’s Top 50 Cargo Airports — Part II, The View From Space

Last week we began our annual analysis of the cargo airport scene with a look at the overall state of the air freight market in 2016, and a chart showing the top 50 airports worldwide, ranked for international freight, domestic freight, and total freight handled. Today we carry on with a more in-depth analysis, breaking […]
  • David Harris
  • November 6, 2017

Demand for 767 conversions stays strong

When Amazon announced its agreements with Air Transport Services Group (ATSG) and Atlas Air Worldwide Holdings for a forty-unit 767 freighter fleet, demand for 767 feedstock and conversion slots quickly ramped up. But this demand was accompanied by the question of “after Amazon, then what?” Once ATSG and Atlas had fulfilled their obligation to Amazon, […]
  • David Harris
  • November 3, 2017
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