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, […]

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 […]

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 […]

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 […]

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 […]

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: […]

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 […]

A new player in the 767-200F ACMI and charter market

The medium widebody charter and ACMI business just got a little more complicated. A US company, 21 Air, acquired two 767-200Fs (23801, 23803, both ex-TAMPA Cargo) and says it will market them for ACMI or charter service, on the operating certificate of Greensboro-based passenger charter operator Dynamic Airways.             21 Air’s website says the […]
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