Air Transport Services Group had lackluster results in 2024 but hopes that leasing Airbus A330 freighters for the first time this year will improve the bottom line.
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 logistics partner Air Transport Services Group expects better revenue and profits the rest of this year after a difficult second quarter.
My Freighter is growing its fleet so it can be your freighter in the Asia-Europe region.
ATSG has shuffled CEOs for the third time in seven months and named a new president.
ABX Air’s pilots union is out of Amazon’s doghouse, resulting in an improved labor agreement and a contract to fly 10 freighters.
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.
The pilots union at ABX Air, a large contract carrier for DHL, is taking a novel approach toward labor relations by promoting the company at industry trade shows.
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.
Pilots at Air Transport International say the parent company wants to prolong contract talks for another two years so it can synchronize a labor deal with a new Amazon transportation services agreement. Meanwhile, the company is having a difficult time retaining experienced pilots.
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.
Air Transport Services Group’s underperformance cost CEO Rich Corrado his job on Monday.
U.S. freighter lessor ATSG makes its first sale in Bangladesh.
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.
Contract talks for pilots at Amazon contractor Air Transport International have moved to the mediation stage at the federal level.
Vietnam Airlines is moving beyond passenger business to fly cargo jets for the first time, with the help of a U.S. air services company.
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.
DHL is renewing every aircraft lease it can because air cargo demand is robust.
The continued expansion of mobile and social purchasing is helping sustain the market growth in e-commerce, which should continue to drive the demand for freighters.
Organic growth also has been key to the growth and continued success of LGSTX Services.
Airborne performs direct maintenance for both passenger and cargo airlines, including Frontier, United Airlines, and ATSG’s sister airlines ATI, ABX Air and Omni.
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.
“We are looking forward to making some major announcements about new customers that will utilize our Airbus converted freighter capacity.”
The Airbus A321 and the A330 are the new kids on the block in converting passenger planes to cargo, in a sector dominated so far by Boeing.
This conversion marks two firsts for ATSG: its foray into the narrowbody freighter category and its pursuit of in-house conversion with PEMCO.
Used Airbus A321s are getting a second life in the cargo arena. More companies are jumping in to do the modifications.
ATSG also owns two aviation maintenance facilities and a logistics operation.
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.
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.
When some passenger planes get long in the tooth, they get a second life in cargo. The latest candidate for conversion in the Airbus A321. It offers more shipping space than a Boeing 737 and could be flying to an airport near you soon with your online order.
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.
Atlas Air Worldwide’s big cargo planes have been in flying full tilt since the novel coronavirus metastasized in March. Combine that with high rates and you’ll understand why r revenue and profit grew so much in the second quarter.
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.
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.
Profits grew in the fourth quarter and full-year 2019 at ATSG as its leasing and airline subsidiaries both performed well.
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 […]
Amazon.com Inc. (NASDAQ:AMZN) has transferred flying responsibility for two leased Boeing 767-300 freighters from Atlas Air Worldwide to Air Transport International, a charter airline owned by Air Transport Services Group (ATSG), Amazon and ATSG officials confirmed. Both companies lease and operate planes on behalf of the Amazon Air network, which the e-commerce giant launched in […]
Operating performance bolstered by contracts with Amazon and U.S. government, said company CEO.
Amazon to add 15 B737800 freighters through lease with GE’s Aircraft leasing unit
Air Transport Services Group deepens its credit line as it prepares for increased demand for its aircraft and services
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 […]
Atlas Air held a conference call to discuss its first quarter 2019 results. There were several questions of interest asked on the call.
Amazon to get warrants that could amount to nearly 40% of ATSG stock
Aircraft to be converted to freighters over three years
