FedEx reports substantial 4Q loss from economic weakness, trade issues

This week, Memphis-based FedEx reported a 3.0% year-over-year increase in revenue for its 4QFY19, ended 31 May, to US$17.80 billion. Operating income during the quarter was mostly flat at 0.9% to $1.31 billion, and the company reported a net loss of $1.96 billion, down from $1.13 billion income for 4QFY18.  The Express segment saw weak performance for […]

West Atlantic returns a 767-200F to CAM

Sweden-based West Atlantic flew one of its four 767-200BDSFs (22788, ex-ABX) from Leipzig (LEJ) via Bangor (BGR) to Columbus (LCK) toward the end of last week. The airline confirmed to Cargo Facts that the aircraft came off lease and was being redelivered to lessor Cargo Aircraft Management (CAM) [FAT 005027]. This aircraft was a relatively […]

737-800BCF shines at the 2019 Paris Air Show

Now that the Paris Air Show 2019 is over, Cargo Facts is encouraged to see that, apart from the usual flurry of orders for passenger aircraft, the freighter market also appears to have received some healthy interest. Here’s a recap of freighter deals that were signed last week. GECAS converted ten of its fifteen previous […]

Amazon commits to 15 more 737-800BCFs, GECAS confirms role as lessor

Amazon confirmed plans to lease fifteen additional 737-800BCFs from GECAS, to be delivered by 2021, in an agreement announced today at the Paris Air Show [FATs 004971-4985]. These fifteen units are in addition to the five 737-800BCFs Amazon has already secured, and has contracted Atlas-affiliate Southern Air to operate on a CMI basis by year-end […]
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