Amazon network ramp-up drives a good quarter at ATSG

Air Transport Services Group (ATSG) reported a strong second quarter, with net income up 7.3% y-o-y to $12 million, as net revenue from customers rose 19.0% to $177 million. Operating income (EBIT) for the quarter was down 20.2% to $16 million. On an adjusted basis, pre-tax earnings were down 2.4% to $16 million, “reflecting $2.6 […]
  • David Harris
  • August 10, 2016

Atlas looks ahead

  Atlas Air Worldwide Holdings last week reported second-quarter net income down 27.5% y-o-y to $20.6 million, as expenses incurred in gearing up for the twenty-aircraft Amazon deal ate into profitability. Reported financial and operational results are shown in the chart at right, but perhaps more important than the results themselves is an examination of […]
  • David Harris
  • August 8, 2016

Amazon One – the first freighter in Amazon livery

Seattle. Just another city. Or maybe not. If you’ve ever ordered something online – a book, a kitchen appliance, a lawn chair, or anything else – Seattle is important to you, because that is where Amazon is (you did order that lawn chair from Amazon, right?). It is also where Boeing Field is, and it was at Boeing […]
  • David Harris
  • August 4, 2016


In 2009, Atlas Air Worldwide Holdings was a 747 freighter operator with a twenty-eight unit fleet that still included six 747-200Fs alongside its twenty-two -400Fs. It was focused almost entirely on ACMI-leasing those 747s to other airlines, and the big news was the recent sale of a 49% stake in its Polar Air Cargo subsidiary […]
  • David Harris
  • June 16, 2016

Atlas looks beyond weak Q1 towards brighter future

With net income falling to nearly zero ($471,000), and total operating revenues down 5.9% to $418 million, it’s no wonder Atlas Air Worldwide Holdings (AAWW) chose to announce its new tie-up with Amazon concurrently with the release of its first-quarter 2016 results (see Atlas scores deal with Amazon for 20 freighters, 20% stake). On an […]
  • Charles Kauffman
  • May 10, 2016

Atlas scores deal with Amazon for 20 freighters, 20% stake

It’s déjà vu all over again! The dust still hasn’t settled from the Amazon/ATSG deal, and now the e-commerce giant has done it again, this time with Atlas Air Worldwide Holdings Inc. Simultaneously with the release of its first-quarter results, Atlas [ticker: AAWW] announced the signing of an agreement with Amazon under which AAWW’s airline subsidiary […]
  • David Harris
  • May 5, 2016

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

FedEx calls out ‘fantastical’ news reports

FedEx reported fiscal third-quarter net income down 19.3% y-o-y to $507 million, as revenue rose 8.5% to $12.7 billion. Operating income for the quarter was down 16.8% to $864 million. But, as usual, the reported figures mask the impact of one-time charges – in this case, expenses related to legal issues and the pending acquisition […]
  • David Harris
  • March 17, 2016
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