freighter aircraft

Hawaiian Airlines slowly adds freighters for Amazon business

Hawaiian Airlines has commenced operating a second Airbus A330-300 cargo jet for Amazon on a new route between New York’s JFK airport and the retail behemoth’s West Coast air logistics hub in San Bernardino, California, the company reported in quarterly earnings Tuesday.

Under a  transportation services agreement that kicked in last year, Amazon (NASDAQ: AMZN) leases the aircraft from a dealer and transfers them to Hawaiian Airlines (NASDAQ: HA) to fly and provide routine maintenance. Hawaiian,...

https://www.freightwaves.com/news/hawaiian-airlines-slowly-adds-freighters-for-amazon-business

Cargo airline sends new Boeing 767 freighters directly to storage

The company behind Northern Air Cargo has taken delivery of two widebody freighter aircraft this year and immediately placed them in storage because there isn’t enough business to operate them profitably despite the improved outlook for the global airfreight market, FreightWaves has learned.

The decision represents the latest case of an all-cargo airline throttling back on fleet expansion plans made during the COVID crisis when a shortfall in shipping capacity sent rates through the roof and...

https://www.freightwaves.com/news/cargo-airline-sends-new-boeing-767-freighters-directly-to-storage

Uzbekistan-based cargo airline My Freighter adds third Boeing 767

My Freighter, a startup cargo airline based in Tashkent, Uzbekistan, has received its third Boeing 767-300 converted freighter from Air Transport Services Group, the U.S. leasing and aviation services company announced on Monday.

My Freighter took delivery of its first 767-300 in early November. ATSG (NASDAQ: ATSG) sends the former passenger aircraft to airframe repair specialists to tear down and rebuild the interior to handle large containers before leasing them to customers.

The airline...

https://www.freightwaves.com/news/uzbekistan-based-cargo-airline-my-freighter-adds-third-boeing-767

FedEx deactivates 17 more aircraft as cost controls pay off

FedEx has parked 17 more freighter aircraft since November and relinquished options to buy seven Boeing 767 cargo jets, part of a multiyear cost initiative that helped the parcel titan to better-than-expected operating profit in the third quarter despite lower revenue.

Besides being cautious with aircraft utilization and investments, the Express unit expects to increase savings and yields by turning a portion of the fleet into an extension of the company’s large U.S. and European...

https://www.freightwaves.com/news/fedex-deactivates-17-more-aircraft-as-cost-controls-pay-off

Amazon concentrates parcel freighters at US air hubs, report says

Amazon’s private cargo airline, Amazon Air, took a different approach with its North American and European networks during the past 12 months. It has been streamlining operations in the U.S. by prioritizing larger planes and major hubs, but relying less on hubs in Europe as flight activity decreases, according to a report published Thursday.

The air logistics unit’s meteoric growth has ended after seven years, but the company was able to maintain operating levels at a time when many cargo...

https://www.freightwaves.com/news/amazon-concentrates-parcel-freighters-at-us-air-hubs-report-says

Airbus’ distinctive new airline ready to haul whale-size loads

Airbus Beluga Transport, a new cargo airline established by the European aircraft manufacturer to carry oversize shipments, is open for business and prospecting for customers.

An ultralarge BelugaST freighter will arrive Monday afternoon at Orlando Sanford International Airport in Florida with an Airbus-built Eutelsat E36D satellite, which will be trucked to the Kennedy Space Center for launch into orbit aboard a SpaceX Falcon 9 rocket later this month.

The delivery marks the inaugural North...

https://www.freightwaves.com/news/airbus-distinctive-new-airline-ready-to-haul-whale-size-loads

Amazon’s return of leased cargo jets hurts ATSG profit

Less leasing demand for freighter aircraft significantly contributed to a 12% reduction in adjusted core operating profit at Air Transport Services Group during 2023, including a 20% decline in the fourth quarter, and to management’s decision to further slash the budget for investment in new equipment. 

Lower revenue and higher costs for ATSG’s transportation segment, especially passenger airline Omni International, also weighed on earnings.

The cargo-oriented aviation company gave a sober...

https://www.freightwaves.com/news/amazons-return-of-leased-cargo-jets-hurts-atsg-profit

Cargojet sees strong volumes after 2023 fleet reversal

Cargojet on Monday reported a US$25.8 million loss in the fourth quarter mostly related to fuel and noncash charges, capping a rocky year marked by slashed plans for major fleet expansion and a renewed focus on cost management to boost free cash flow and investor returns.

Despite recent retrenchment, the company sounded an optimistic note for 2024 with guidance of mid-to-high-single-digit growth in domestic overnight revenue for the first quarter. Management said that January figures were well...

https://www.freightwaves.com/news/cargojet-sees-strong-volumes-after-2023-fleet-reversal

FedEx fleet restructure poses threat to freighter operators

FedEx has portrayed its new air network redesign in terms of streamlining the high-cost overnight parcel operation, but internal communications show the express delivery giant also sees an opportunity to aggressively go after heavyweight cargo booked by logistic providers to offset slower growth in the main express product and declining postal business.

FedEx Express (NYSE: FDX) historically has concentrated on moving small parcels by air. It gives general cargo — dry goods, hardware, textiles...

https://www.freightwaves.com/news/fedex-fleet-restructure-poses-threat-to-freighter-operators

Cargo airline Amerijet in distress sale, terminates 6 aircraft leases

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Amerijet, a midtier cargo airline based in Miami, said Wednesday it is returning six freighters to...

https://www.freightwaves.com/news/cargo-airline-amerijet-in-distress-sale-terminates-6-aircraft-leases

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