Diversification, robust demand for 767Fs elevate ATSG 3Q19 results

Air Transport Services Group (ATSG) reported an increase in customer revenue for the third quarter of 2019 of 79% year-over-year to US$366.1 million, partly because of the acquisition of Omni Air International in November 2018 but also because of strong demand for ATSG’s 767 freighters and flight operations. Operating income rose by almost 52% compared […]

Atlas 3Q earnings take hit from tariffs and trade tensions

While total block hours were up 7.7% year-over-year, Atlas Air Worldwide Holdings reported an operating loss of $0.88 million for the third quarter of 2019, a 102% drop year-on-year. Adjusted net income was $9.5 million, 78% lower than 3Q 2018. Block-hour growth was mainly driven by CMI flying. During the third quarter of 2019, Atlas […]

CFS 2019: Strength of domestic express, feedstock issues dominate Symposium discussions

SAN DIEGO – On the sidelines of Cargo Facts Symposium 2019, Chelsea Toczauer, associate editor, Cargo Facts sat down with Rich Corrado, president, ATSG to discuss growth prospects for the U.S. domestic express fleet, and his reflections on Cargo Facts Symposium 2019. Despite softening demand for international long-haul transportation, Corrado expects robust demand from domestic […]

CFS 2019: A330P2Fs won’t supplant freighter-converted 767s for 3-5 years

SAN DIEGO – Although the A330 is seen as a likely successor to freighter-converted 767-300s, not for 3-5 years, said Rich Corrado, president Air Transport Services Group (ATSG). With an estimated 220 airframes remaining in passenger service of an age suitable for conversion, which for ATSG’s portfolio tends to be in a range of 15-25 […]

Second UPS 767-300BDSF completed

Cargo Aircraft Management (CAM), Air Transport Services Group’s (ATSG) leasing arm, has taken redelivery of the second 767-300BDSF (28039, ex-Air Italy) it has agreed to dry-lease to Atlanta-based UPS [FAT 005158-005159]. After a three-hour test flight, the aircraft was ferried from the Israel Aerospace Industries (IAI) facility in Tel Aviv (TLV) to Shannon (SNN). Unit […]

ATSG will start flying for Amazon 767Fs previously operated by Atlas

Amazon is shifting 767-300Fs from Atlas Air to ATSG affiliate carrier Air Transport International (ATI) for CMI flying, Cargo Facts has learned. Although Atlas’ leasing affiliate, Titan Aviation Holdings, will continue to lease nineteen freighter-converted 767-300Fs to Amazon, CMI operations for at least two aircraft will be “assigned by Amazon to another provider,” Atlas confirmed […]
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