FedEx reports substantial 4Q loss from economic weakness, trade issues

This week, Memphis-based FedEx reported a 3.0% year-over-year increase in revenue for its 4QFY19, ended 31 May, to US$17.80 billion. Operating income during the quarter was mostly flat at 0.9% to $1.31 billion, and the company reported a net loss of $1.96 billion, down from $1.13 billion income for 4QFY18.  The Express segment saw weak performance for […]

Atlas says Southern to begin flying 2 Amazon 737-800Fs this month

Atlas Air Worldwide’s Southern Air subsidiary will begin flying two 737-800Fs on a CMI basis for Amazon Air this month, Atlas President and CEO Bill Flynn said today during the company’s first quarter 2019 earnings call. Those two aircraft are among five that Southern Air will begin flying for Amazon this year, and potentially among […]

DP-DHL’s 4Q Express, GF growth outweighed by PeP weakness

Despite revenue growth across all segments during the fourth quarter, and operating profit (EBIT) growth in the Express and Global Forwarding segments, Deutsche Post-DHL Group (DP-DHL) reported Group EBIT declines of 4.0% year-over-year to €1.13 billion, and 15.5% to €3.16 billion for the 4Q and FY2018 respectively, due to sharp declines in the Post-eCommerce-Parcel (PeP) segment. PeP EBIT fell 28.4% and […]

String of deals in 4Q18 set ATSG up for growth in 2019

Yesterday, we considered how an application to the Department of Transportation revealed Air Transport Services Group’s (ATSG) desire to get into 777F operations through its subsidiary, Omni Air LLC. Today, we turn to ATSG’s 4Q18 results, which on the surface look disappointing, but actually position ATSG for significant growth in 2019 and 2020. The company […]

Amazon growing last-mile strength, planning to go toe-to-toe with integrators?

Major integrators FedEx and UPS have been adamant that they aren’t worried by Amazon’s growing freighter fleet and last-mile delivery network. However, after yesterday’s release of fourth-quarter and full-year 2018 results from US-based 3PL and major Amazon service provider XPO Logistics, perhaps integrators and other logistics providers in major markets served by Amazon should be […]

LATAM reports 2Q net loss, despite improving cargo ops

LATAM Airlines Group reported yesterday an 86.6% year-over-year decline in operating income (EBIT) for the second quarter, to US$6.5 million. While passenger and cargo revenue were both stronger during the quarter – up 3.6% and 16.8%, respectively, y-o-y – sharply higher aircraft fuel costs and passenger compensations from strikes in Chile and Brazil led to […]
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