Air Transport Services Group said fewer aircraft in revenue service plus higher expenses led to a reduction in core operating profit during the third quarter, but the current quarter is expected to be better.
The growth of cross-border e-commerce shipping influenced investment house Stonepeak’s decision to acquire Air Transport Services Group.
Amazon has deepened its relationship with Air Transport Services Group, agreeing to lease at least 10 widebody freighters for five years in exchange for rights to increase its ownership stake.
My Freighter, a fledgling carrier based in Uzbekistan, began leasing a third widebody freighter from Ohio-based Air Transport Services Group.
Air Transport Services Group is taking a more conservative approach to fleet expansion until the air cargo market picks up and customers start leasing additional freighters.
Cargo pilots at Air Transport International are frustrated by the pace of negotiations for a labor deal and ready to go on strike.
Air Transport Services Group is slowing investment in converted freighters as a weak shipping market leads cargo airlines to pause fleet expansion.
U.S. freighter lessor ATSG makes its first sale in Bangladesh.
Air Transport Services Group has not been forced by primary customers Amazon and DHL to significantly trim flight activity, as originally expected.
The current valley in airfreight demand hasn’t spooked Air Transport Services Group, which continues to invest in freighter aircraft for its leasing and airline businesses.
Amazon air cargo partner ATSG has its eye on long-term growth, but investors with a shorter horizon are wary of big expenditures for cargo jets as shipping demand wanes.
Amerijet and Air Transport Service Group have hit milestones: Amerijet for growing its fleet to 25 aircraft and ATSG for leasing its first used freighter that was reconfigured for cargo by Boeing.
Air Transport Services Group says its leasing business is insulating it from a market downturn that is impacting its cargo airlines.
Air Transport Services Group will see its Amazon business dip this year as the retailer decreases freighter utilization to match slower retail sales.
Air Transport Services Group rode the e-commerce wave to another profitable quarter.
Air Transport Services Group seems to have immunized itself from air cargo volatility by leasing aircraft to e-commerce shippers and U.S. government personnel.
When planes age they become less pleasant for passengers and cost more to operate. That’s when companies like Air Transport Services Group buy them for cargo.
DHL is renewing every aircraft lease it can because air cargo demand is robust.
United opposition from four major U.S. cargo airlines has made Saudia reconsider its request for an exemption to fly freighters outside the normal regime governing air services.
SONAR launches TRAC, approaching some policy-bending issues and airfreight earnings.
ATSG is hitting on all cylinders with its aircraft leasing and cargo airline units, as third quarter results demonstrate.
Amazon Air’s top airfreight supplier is diversifying its vendor base for reconstructing passenger planes into cargo jets.
A U.S. aviation services company called ATSG has lots of Boeing 767s in its freighter fleet. Now it wants to convert large Airbus passenger planes and lease them out.
Air Transport Services Group is like a Swiss Army knife. It flies cargo and passenger planes for other airlines, leases aircraft, does aircraft maintenance and freighter conversions, and provides ground handling. It’s all clicking for the bottom line.
The Airbus A321 is the new kid on the block when it comes to cargo aircraft. Engineering companies take retired passenger planes and transform them into planes that can carry lots of cargo.
Airbus is competing not only against Boeing to sell small converted freighters, but it now has a new U.S. competitor in retrofitting A321s.
Air Transport Services Group is riding the e-commerce wave. It’s expanding its fleet to meet demand from Amazon and other customers.
E-commerce is like a monster that can’t be contained and Amazon is growing with it. The online retailer just bought some aircraft for the first time. Now it has bought a piece of a cargo airline.
The Teamsters union has patched things up with one of Amazon’s main air transport providers. Talks remain stalled with the other cargo airline.
Many transport providers besides FedEx and UPS are performing roles in the COVID vaccine distribution. Not everyone is moving vaccines. Find out what Air Transport International is doing.
Air Transport Services Group’s freighter leases offset financial losses from its grounded passenger planes.
(Updated Oct. 260, 2020, 9 A.M. ET, with more on EFEW, Sine Draco Aviation) Questions about whether the new Airbus A321 converted freighter could generate orders and catch up to the Boeing 737-800, which has a three-year head start in the express delivery market, are quickly dissipating. Aircraft trading and leasing company Vallair announced Tuesday […]
UPS is one of nine companies that have leased lots of freighters from Air Transport Services Group this year. Find out who else is leasing these popular aircraft.
The A321 has a lot of potential in the air cargo market because of its efficiency and payload. Companies are beginning to convert passenger planes into cargo freighters.
Amazon has outsourced aircraft operations again to long-standing vendor Air Transport Services Group. But Amazon is diversifying how it operates, adding an owned aircraft to its fleet.
Air Transport Services Group is becoming a one-stop service shop for outsourced airline services, especially for cargo operators.
Air Transport Services Group
The FAA recently gave Pemco Conversions approval to convert 737 passenger jets into freighters, with the added flexibility of carrying pallets and passengers in the main cabin area at the same time.
Air Transport International will operate a big cargo plane for an express carrier in the Pacific region on a route in and out of Hong Kong.
June is supposed to be the heavy travel season, but instead of operating full planes, airlines are busy trying to save their financial lives.
ir Transport Services Group is making money from its aircraft leasing and outsourced transportation businesses as express carriers and other customers seek more aircraft to support supply chains.
Stifel Financial sees an OK first quarter, but the picture gets less clear after that, with risks to second-quarter earnings estimates.
Profits grew in the fourth quarter and full-year 2019 at ATSG as its leasing and airline subsidiaries both performed well.
Amazon hires passenger carrier to operate freighters.
Air Transport Services Group (NASDAQ: ATSG) reported a 219% increase in third-quarter operating profit of $105 million. The outsourced provider of air cargo services for Amazon.com’s Prime network and other customers generated $366 million in revenue, up 79% from the same period in 2018. The gains mostly came from one-time occurrences: earnings from operations benefited […]
Operating performance bolstered by contracts with Amazon and U.S. government, said company CEO.
Market expert Cathy Roberson looks at the airlines’ and air cargo carriers’ need for pilots today and for the forthcoming future. Many factors are contributing to this ongoing need; ecommerce is a major factor.
Freighter aircraft deployments and additional business handled for the U.S. Department of Defense helped raise first quarter earnings and revenue by double-digits for cargo aircraft leasing company Air Transport Services Group (NASDAQ: ATSG). Wilmington, Ohio-based ATSG reported earnings from continuing operations of $26 million in the first quarter of 2019, up 26 percent over the […]
