Will sustainability and faster deliveries kill express profits?

We are observing two simultaneous revolutions in customer behavior: consumers are getting used to have everything delivered within hours of placing an order and at the same time, people are demanding higher environmental awareness from their preferred brands. Buyers are now more inclined to make a purchase based on a brand’s values and any negative […]

Diversification, robust demand for 767Fs elevate ATSG 3Q19 results

Air Transport Services Group (ATSG) reported an increase in customer revenue for the third quarter of 2019 of 79% year-over-year to US$366.1 million, partly because of the acquisition of Omni Air International in November 2018 but also because of strong demand for ATSG’s 767 freighters and flight operations. Operating income rose by almost 52% compared […]

Atlas 3Q earnings take hit from tariffs and trade tensions

While total block hours were up 7.7% year-over-year, Atlas Air Worldwide Holdings reported an operating loss of $0.88 million for the third quarter of 2019, a 102% drop year-on-year. Adjusted net income was $9.5 million, 78% lower than 3Q 2018. Block-hour growth was mainly driven by CMI flying. During the third quarter of 2019, Atlas […]

Atlas says Southern to begin flying 2 Amazon 737-800Fs this month

Atlas Air Worldwide’s Southern Air subsidiary will begin flying two 737-800Fs on a CMI basis for Amazon Air this month, Atlas President and CEO Bill Flynn said today during the company’s first quarter 2019 earnings call. Those two aircraft are among five that Southern Air will begin flying for Amazon this year, and potentially among […]

Horst joins Cargo Facts Consulting as managing director

Frederic Horst, a long-time airfreight analyst, consultant, and strategist, has joined Cargo Facts Consulting as managing director. Horst’s appointment is effective immediately. Cargo Facts Consulting, the sister consultancy of this news resource, was founded in 1978 as Air Cargo Management Group. Cargo Facts Consulting has a long history of providing exceptional advisory and research to […]

DP-DHL’s 4Q Express, GF growth outweighed by PeP weakness

Despite revenue growth across all segments during the fourth quarter, and operating profit (EBIT) growth in the Express and Global Forwarding segments, Deutsche Post-DHL Group (DP-DHL) reported Group EBIT declines of 4.0% year-over-year to €1.13 billion, and 15.5% to €3.16 billion for the 4Q and FY2018 respectively, due to sharp declines in the Post-eCommerce-Parcel (PeP) segment. PeP EBIT fell 28.4% and […]
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