For more air cargo news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Aug 21, 2006
Commercial airlines carry less mail for USPS. Airlines are carrying less mail for the U.S. Postal Service, and some carriers say domestic mail contracts no longer fit with their business models. USPS has shifted some business to FedEx and United Parcel Service. Aug 17, 2006
ABX Air - Airborne Express
ABX Air last week reported second-quarter net income of $6.5 million, down slightly from $6.8 million in the year-ago quarter, on a 13.6% decline in revenues to $303.6 million. The cargo carrier attributed much of the revenue drop to the May 1 transfer of its line-haul truck operations to DHL, the express delivery giant for which ABX provides US air service. DHL still accounts for the vast majority of ABX's business, but non-DHL charter operations did generate $5.4 million in revenues during the quarter, a 69% increase. Aug 15, 2006
Atlas Air Worldwide Holdings[sup.1] operating income was $30.6 million, down 30% from $43.8 million last year. Flynn said AAWH is "moving forward with our re-fleeting strategy" by "disposing" of the retired 747Fs in "secondary, more commoditized markets." He added that Polar is saving more than $25 million in "annualized operating and overhead costs associated with these aircraft" and that the "next step" is investing in next-generation freighters to replace the retired aircraft. As for the remainder of 2006, he predicted a solid second-half performance that "will benefit from the seasonal pickup in all of our commercial lines of business that traditionally leads to a pre-holiday peak season beginning in September and lasting through mid-December." Aug 15, 2006
Atlas Air Worldwide Holdings, parent of Atlas Air and Polar...