all-cargo airlines

TSA to reveal security plan for air cargo industry

Workers at an express air hub as packages come down chutes into air cargo containers.

Companies that purchase and provide transport on all-cargo aircraft will be closely watching whether the Transportation Security Administration on Wednesday offers an alternative security arrangement many believe is designed to help one company — Amazon — avoid screening every outbound shipment for explosives.

How to comply with pending international airfreight security standards is reopening a  long-running policy debate over whether supply chains are best protected through a risk-based...

https://www.freightwaves.com/news/tsa-to-reveal-security-plan-for-air-cargo-industry

Atlas Air refuses to repay US bailout funds

A white jumbo jet with Atlas Air name and blue tail painted on it. on sunny day rolls down airport roadway.

Atlas Air Worldwide Holdings (NASDQ: AAWW) last week reported an eightfold increase in adjusted net income and 25% more revenue in the third quarter compared to last year, but will not return $406 million in emergency coronavirus aid the U.S. government intended for financially battered airlines to retain workers.

The all-cargo carrier and aircraft lessor fully qualified for the federal funds because there was no guarantee the airfreight market would flourish at the time, the program wasn’t...

https://s29755.pcdn.co/news/atlas-air-refuses-to-repay-us-bailout-funds

E-commerce, pandemic charters boost ATSG’s Q2 revenues

A white jet parked on sunny day. Air Transport International released its earnings Wednesday.

Air Transport Services Group’s (NASDAQ: ATSG) adjusted pre-tax earnings increased 20% in the second quarter to $125.6 million, beating analyst estimates of $113 million, on the strength of expanded aircraft leasing and flying commitments related to e-commerce.

Adjusted earnings rose 74% to $32.5 million, or 47 cents per share, versus 27 cents per share in the 2019 period, according to the company’s financial results released after Wednesday’s market close. The adjusted per-share earnings beat...

https://s29755.pcdn.co/news/e-commerce-pandemic-charters-boost-atsgs-q2-revenues

U.S. reallocates Asia cargo routes to Kalitta and FedEx

A big 747 jumbo jet takes off, nose up

The U.S. Department of Transportation granted Kalitta Air and FedEx Express authorization Tuesday to operate between Hong Kong and Singapore on weekly routes relinquished by integrated logistics provider UPS.

Kalitta, a large all-cargo carrier based in Ypsilanti, Michigan, had applied for the three frequencies being returned by UPS, but FedEx (NYSE: FDX) jumped in with a request to operate scheduled freighter service on one of the available routes. The DOT also granted Kalitta’s request to...

https://www.freightwaves.com/news/us-reallocates-asia-cargo-routes-to-kalitta-and-fedex

Analysis: Amazon Air and ATSG grow together

Light blue Amazon Prime plane with cargo door open, waiting for a load.

Amazon’s announcement that it will lease 12 all-cargo aircraft from a key contract carrier  demonstrates how the online retail and logistics giant has created a formidable private airline in the span of four years to keep up with the enormous growth of e-commerce.

The additional Boeing 767 freighters will expand Amazon’s (NASDAQ: AMZN) fleet beyond 80 aircraft by the end of 2021, and a new report from researchers at DePaul University in Chicago estimates Amazon Air could have about 200 aircraft...

https://s29755.pcdn.co/news/analysis-amazon-air-and-atsg-grow-together

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