Atlas Air revenue, guidance rise again in 2Q

Atlas Air Worldwide Holdings (AAWW) reported a second-quarter net loss of $21.2 million, down from net income of $38.9 million for 2Q 2017, due to an unrealized $50 million loss on outstanding warrants. However, after adjustments, the company saw a 70.8% increase in adjusted net income, to $49.7 million. Operating income rose 4.2% to $60.9 […]

• Caryn Livingston
• August 3, 2018

First NCA aircraft returns to service

On 4 July, Nippon Cargo Airlines (NCA) announced that a single 747-8F (36141) passed a government safety audit, and was cleared to return to service. Shortly after, on 5 July, the aircraft went on to complete a round-trip flight between Shanghai Pudong (PVG) and Tokyo Narita (NRT) – the carrier’s first scheduled own-operated flight since […]

• Charles Kauffman
• July 5, 2018

Rates under pressure as NCA freighter audit continues and trade war looms

Nippon Cargo Airlines’ (NCA) fleet of eleven 747Fs has now been grounded for more than a week as government authorities continue to audit the carrier’s maintenance records. This sudden loss of capacity ex-Asia, combined with a number of shippers rushing to fortify inventories of Chinese goods ahead of new duties scheduled to be imposed as […]

• Caryn Livingston and Charles Kauffman
• June 26, 2018

A boom year for charters?

Total air cargo traffic grew 5.4% y-o-y through March 2018, according to IATA. The cargo charters business meanwhile, which represents a much smaller sub-segment of the overall air cargo market, appears to be growing even faster. UK-headquartered Air Charter Service (ACS) reported the number of cargo charters it handled during the first three months of […]

• Charles Kauffman
• May 29, 2018

Previously unreported freighter aircraft transactions

We try to keep up-to-date on transactions involving freighter aircraft, publishing a list of recent transactions every week in Cargo Facts Update, and then a comprehensive summary in the monthly issue of Cargo Facts. However, particularly in the case of used passenger aircraft being acquired and put into conversion to freighter configuration, it is easy […]

• David Harris
• May 24, 2018

A new 767 freighter mystery

On 30 March, Boeing booked an order for three 767-300 Freighters from “Unidentified Customer(s)”. The company didn’t publicly announce the order until two weeks later, and no one has since stepped up to say “It was us.” So who could it be? We don’t know, but we can offer up a few guesses. And, of […]

• David Harris
• April 18, 2018

Freighter aircraft transactions through mid-March

Every week in Cargo Facts Update, we include a list of recent freighter aircraft transactions, and then a comprehensive summary in the monthly issue of Cargo Facts. Each reference to a freighter aircraft transaction (FAT) in our publications contains a unique FAT code linked to the FAT database on the CargoFacts.com website. This database is […]

• David Harris
• March 12, 2018

Flexport’s own-operated air freight network grows

In a sign that trans-Pacific air freight capacity remains tight, and rates volatile, yet another forwarder has signed on to dedicated freighter service. Earlier this week, Florida-based Western Global Airlines and US-based digital freight forwarder Flexport inked a three-year deal under which Western Global will operate regular 747-400F flights between Hong Kong (HKG) and Los […]

• Charles Kauffman
• March 9, 2018

A record quarter for Atlas

Atlas Air Worldwide Holdings (AAWW) reported fourth-quarter 2017 net income up well over 600% y-o-y to $209.5 million, as revenue rose  18.5% to a record $627.9 million. Operating income for the quarter was up 5.2% to $106.7 million. The huge jump in reported net income was driven by three one-time financial items: A $130 million […]

• David Harris
• February 22, 2018

ATSG reaches tentative agreement with pilots’ union ALPA

We who live in Seattle became used to seeing uniformed pilots picketing Amazon’s headquarters. They carried signs with slogans based on the theme that delivery of merchandise ordered from the internet giant was being compromised by the refusal of the airlines that fly for Amazon to offer fair contracts to their pilots. For their part, […]

• David Harris
• February 6, 2018