ABX

4Q revenue up, profit down, but ATSG sees blue skies ahead

Air Transport Services Group reported fourth-quarter net income of US$1.5 million, down 89.6% from 4Q15, as revenue rose 22.1% to $222 million. Operating income (EBIT) for the quarter was down 19.6% to $18 million. However, both the net income and operating income figures come with significant asterisks, and mean very little on their own. As […]

ATSG looks ahead

In a presentation delivered at the Stifel, Nicolaus & Co Transportation & Logistics Conference, Air Transport Services Group (ATSG) Chief Executive Officer Joe Hete and Chief Commercial Officer Rich Corrado painted a picture of where the company is now, and also provided some information about near-term plans and a glimpse of some future possibilities. ATSG […]

ABX pilots strike

Update 23 November: A judge in the United States District Court, Southern District of Ohio, will hold an evidentiary hearing on the case late today (Wednesday), but until he reaches a decision, the strike looks set to continue. This morning, four days before Black Friday, the beginning of the annual consumer shopping frenzy that runs from Thanksgiving […]

ATSG enters 5-year agreement with DHL

US-based Air Transport Services Group (ATSG) completed a new five-year agreement with DHL. Under the agreement, which the two companies have been working toward for some time, ATSG will extend its flying in support of DHL’s US operations through March 2019. ATSG said some of the principal elements of the agreement were: Extended dry leases […]

DHL continues to revamp its US air operations

DHL Express ended its disastrous attempt to compete in the US domestic express market in 2008, but since that time, its US international business has grown strongly. The company requires a considerable amount of dedicated lift to support this US business, including domestic feeder service as well as international lift. In the period immediately following […]

ATSG reports a strong quarter, will expand owned fleet

US-based Air Transport Services Group reported second-quarter net income up 37.5% y-o-y to $9.5 million, as total revenue rose 8.9% to $189.4 million. Operating income for the quarter was up 27.9% to $18.1 million. ATSG is the world’s biggest lessor of medium widebody freighters, with a 57-unit fleet, including nine 767-300 and forty 767-200 freighters. […]
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