[EXCLUSIVE] Details on how Amazon will build its overnight air venture

News of the ramping up of an Amazon logistics unit comes in the wake of something of an open secret that the e-commerce giant is conducting a trial air operation in the US, in partnership with Air Transport Services Group Inc, a publicly traded airfreight company. Less commonly known is that Amazon has been running […]
  • David Harris
  • December 17, 2015

Full speed ahead for ATSG

Air Transport Services Group (ATSG) reported its third-quarter results, but the real news is what is coming next. The company reported third-quarter net income down 33.8% to $6.5 million, as net revenue from customers rose 2.8% to $142 million. At first glance, a one-third drop in net income might seem like either a poor performance, […]
  • David Harris
  • November 9, 2015

A new partner for lonely ABC?

Russia’s Volga-Dnepr Group has been largely silent on plans for its newest offspring, UK-based startup carrier Cargologicair. The Russian parent company has no explicit documented ties to the new carrier, which sources say will start ACMI services by the end of the year. However, Cypriot businessman and president of Volga-Dnepr Group, Alexey Isaikin, is a […]
  • Alex Lenanne
  • October 13, 2015

ATSG, the evolution continues

US-based Air Transport Services Group (ATSG) reported second-quarter net income up 13.4% to $10.8 million, despite a slight (0.8%) decline in revenue to $148.4 million. Operating income (EBIT) for the quarter was up 9.3% to $19.8 million. The story behind these big increases in income is interesting, and reflects the evolution of what was once […]
  • David Harris
  • August 10, 2015

Freighter operation: Jet Airways in, Thai out

With regulatory approval in place from the Indian aviation authority, Jet Airways plans to launch freighter operations in April with an A330-200F ACMI-leased from Abu Dhabi-based Etihad Airways. At almost the same time, just across the Bay of Bengal, Thai Airways International will exit the main-deck freighter business and park its two 747-400BCFs The moves […]
  • David Harris
  • March 24, 2015

ATSG reports 3Q profit up, extends DHL agreement

US-based Air Transport Services Group (ATSG) reported third-quarter net income up 27.0% y-o-y to $10 million, as total revenue rose 3.1% to $185 million. Operating income for the quarter was up 10.1% to $18 million, and CEO Joe Hete said “I’m confident that we’re heading for one of the best years in our history, given […]
  • David Harris
  • November 11, 2014

3Q net income up 16% for Atlas

Atlas Air Worldwide Holdings reported third-quarter net income up 16.2% y-o-y to $26 million, as revenue rose 14.9% to $486 million. Operating income (EBIT) for the quarter was up 5.7% to $61 million. The chart at right gives a detailed look at the company’s financial and operational performance, but here are some highlights by operating segment: […]
  • David Harris
  • November 7, 2014

Atlas answers the big question

Atlas Air Worldwide Holdings’ first quarter net income was either up 90% or down 60% depending on whether you look at the adjusted or as-reported figures. On an as-reported basis, Atlas saw net income for the first quarter of 2014 fall 60.4% y-o-y to $7.9 million. However, after adjusting for a $3.4 million charge (related […]
  • David Harris
  • May 1, 2014
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