YTO Cargo Airlines looks beyond scheduled freighter services

Earlier this week, Hangzhou-based YTO Cargo Airlines opened a cargo sales office in downtown Shanghai, a move that seems to reflect a departure away from a business model previously reliant on providing lift for its parent company, YTO Express. Although “the majority of its capacity” will continue to serve YTO Express, the airline subsidiary is […]

Atlas reports an exceptional first quarter, and ups full-year guidance

Atlas Air Worldwide Holdings (AAWW) reported first-quarter net income of $9.6 million, up from a reported loss of $752,000 a year earlier. Adjusting for a variety of one-time impacts, net income was up 187.4% y-o-y to 23.8 million, while total revenue rose 24.1% to $590 million. Operating income for the quarter jumped 68.8% to $40.6 […]

All eyes on Amazon… and Brazil

After a severe three-year recession that began in 2014, Brazil’s economy appears to be on the rebound, with GDP growth of 0.7%, y-o-y in 2017, and expected growth of 1.9% this year, according to the IMF. Although this will not be nearly enough to reverse contractions of 3.8% in 2015, 3.6% in 2016, it is […]
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