Amazon Airlines?

It looks like “Amazon Airlines” is on its way. During a conference call in early November, following publication of Air Transport Services Group’s third-quarter results, CEO Joe Hete commented on the subject of managing express networks for customers, saying: “The trial ACMI express network that we launched in September for a US customer has been performing […]
  • David Harris
  • November 30, 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 express operator in China

A new challenger is entering the ring in the battle for express air freight in Asia, as ATSG and Okay Airways join forces with three other players to create United Star Express Airlines. Last week we published an extensive analysis of Alibaba’s planned expansion from Chinese online shopping business to worldwide e-commerce giant, and the […]
  • David Harris
  • September 24, 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

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 […]
  • David Harris
  • January 28, 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

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 […]
  • David Harris
  • August 28, 2014

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. […]
  • David Harris
  • August 7, 2014
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