Details emerge regarding Amazon’s ATSG Warrants

News of Amazon’s planned foray into the air express network broke on March 8 when Air Transport Services Group (ATSG) announced it would operate twenty 767 freighters on Amazon’s behalf out of its Wilmington, OH hub. The deal however, was not limited to planes, it also granted Amazon warrants exchangeable for ATSG shares. Details regarding […]
  • Charles Kauffman
  • March 21, 2016

Amazon gains right to own 19.9% of ATSG as 20-freighter network is confirmed

One day after reporting excellent fourth-quarter results, Air Transport Services Group (ATSG) finally broke the news we have been expecting for some time: it has signed a deal with e-commerce giant Amazon to operate an express air network based on twenty ATSG-owned 767 freighters. No huge surprise there, as it has been an open secret […]
  • David Harris
  • March 9, 2016

ATSG ups guidance – where does Amazon fit in?

US-based Air Transport Services Group issued guidance for stronger fourth-quarter and full-year 2015 results than it had earlier predicted. At the beginning of this week, the company said it now expected that 2015 EBITDA would be “in a range of $196 – $200 million.” This is up 2.5% over its earlier guidance of $190 – […]
  • David Harris
  • February 11, 2016

ASL and West Atlantic are raising cash

The front-runner to acquire TNT’s two airlines – in terms of market speculation, anyway – is Ireland’s ASL Aviation Group and its 51% shareholder, Compagnie Maritime Belge (CMB). So it comes as little surprise that ASL has completed a funding round, worth US$110m, for “growth plans.” While no one is talking much about their possible […]
  • Alex Lenanne
  • December 29, 2015

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
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