Atlas looks to moderate fleet growth as tariffs sting in 2Q19

Despite a 10.5% year-over-year increase in block hours flown in 2Q19 across the company’s ACMI and Charter segments, Atlas Air Worldwide Holdings reported operating revenues that were nearly flat for the quarter (-0.3%) at $664 million. Company CEO Bill Flynn acknowledged on an earnings call with analysts that the third tranche of tariffs that went […]

ATSG adds UPS as new dry lease customer, reports strong 1Q19

Air Transport Services Group (ATSG) today released its first-quarter results for the period ending 31 March, reporting customer revenues up 71% y-o-y for the quarter to $348.2 million on increased ACMI flying. Net earnings, meanwhile, were up a solid 35% to $22.7 million. Robust demand from existing customers such as Amazon and DHL, as well […]

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 […]

String of deals in 4Q18 set ATSG up for growth in 2019

Yesterday, we considered how an application to the Department of Transportation revealed Air Transport Services Group’s (ATSG) desire to get into 777F operations through its subsidiary, Omni Air LLC. Today, we turn to ATSG’s 4Q18 results, which on the surface look disappointing, but actually position ATSG for significant growth in 2019 and 2020. The company […]

Atlas fleet boost bumps 4Q18 earnings

Atlas Air Worldwide Holdings (AAWW) reported a fourth-quarter net income of $211.0 million, up 0.7%  from net income of $209.5 million for 4Q 2017 on solid results from the company’s ACMI, Charter and Dry Leasing segments. Operating income rose 19.5% to $127.6 million and total operating revenues increased 21.8% to $765.0 million from substantial growth […]

After record 2018, Boeing expects ‘moderated’ freighter orders in 2019

During today’s earnings call to discuss 4Q 2018 results, Boeing President and CEO Dennis Muilenburg said that following the strong showing of freighter orders in 2018 – a record of eighty-three production and forty-one conversion orders – the manufacturer “expects to see new order intake to be moderated, but still at a healthy pace” for […]
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