ATSG will start flying for Amazon 767Fs previously operated by Atlas

• Charles Kauffman
• September 13, 2019
• Aircraft, Business, Carriers, Conversions, E-Commerce, Equipment, Exclusive, News, Widebody Conversions

Amazon is shifting 767-300Fs from Atlas Air to ATSG affiliate carrier Air Transport International (ATI) for CMI flying, Cargo Facts has learned. Although Atlas’ leasing affiliate, Titan Aviation Holdings, will continue to lease nineteen freighter-converted 767-300Fs to Amazon, CMI operations for at least two aircraft will be “assigned by Amazon to another provider,” Atlas confirmed […]

Atlas fleet boost bumps 4Q18 earnings

• Charles Kauffman
• February 19, 2019
• Earnings, News

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 […]

ATSG’s new pipeline for 767 feedstock

• Charles Kauffman
• October 3, 2018
• Conversions, News

Yesterday, when Ohio-based Air Transport Services Group, Inc. (ATSG) made the surprise announcement that it would be acquiring Oklahoma-based Omni Air, entry into the 777 operating platform stood out as the most interesting opportunity for ATSG – particularly at a time when some of the company’s current CMI clients, like DHL Express, are poised to […]

Atlas Air revenue, guidance rise again in 2Q

• Caryn Livingston
• August 3, 2018
• Aircraft, All Posts, Carriers, Earnings, News, Strategy

Atlas Air Worldwide Holdings (AAWW) reported a second-quarter net loss of $21.2 million, down from net income of $38.9 million for 2Q 2017, due to an unrealized $50 million loss on outstanding warrants. However, after adjustments, the company saw a 70.8% increase in adjusted net income, to $49.7 million. Operating income rose 4.2% to $60.9 […]

Previously unreported freighter aircraft transactions

• David Harris
• May 24, 2018
• Aircraft, Carriers, Conversions, Express, News, Strategy

We try to keep up-to-date on transactions involving freighter aircraft, publishing a list of recent transactions every week in Cargo Facts Update, and then a comprehensive summary in the monthly issue of Cargo Facts. However, particularly in the case of used passenger aircraft being acquired and put into conversion to freighter configuration, it is easy […]

Atlas reports an exceptional first quarter, and ups full-year guidance

• David Harris
• May 3, 2018
• Aircraft, Capacity & Demand, Carriers, Conversions, E-Commerce, Earnings, News, Strategy

Atlas Air Worldwide Holdings (AAWW) reported first-quarter net income of $9.6 million, up from a reported loss of $752,000 a year earlier. Adjusting for a variety of one-time impacts, net income was up 187.4% y-o-y to 23.8 million, while total revenue rose 24.1% to $590 million. Operating income for the quarter jumped 68.8% to $40.6 […]

First freighter aircraft transactions of February 2018

• Charles Kauffman
• February 5, 2018
• Conversions, News

Every week in Cargo Facts Update, we include a list of recent freighter aircraft transactions, and then a comprehensive summary in the monthly issue of Cargo Facts. Each reference to a freighter aircraft transaction (FAT) in our publications contains a unique FAT code linked to the FAT database on the CargoFacts.com website. This database is […]

Revenue and Block Hours up 20% in Atlas 3Q

• David Harris
• November 7, 2017
• Capacity & Demand, Carriers, E-Commerce, Earnings, Express, News

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, […]