That startled me, too. Maybe he is referring to the 4 cargo 757s flying for DHL, but more likely the DOD 757 combi business, which is decent-paying international work, albeit not at an enormous frequency. But if one looks at the financials, the DOD is a higher percentage of topline revenue than one might think for a 4-aircraft combi operation.

(If you want to see what is likely a cash-cow DOD-focused 757 operation, take a look at the utilization of National's two pax 757s. National is flying the crap out of them, especially when you consider that many of these flights don't show on public sources once they leave the CONUS. I was surprised, and I don't understand how they get the reliability they need to keep the DOD happy with that kind of schedule and only two (older) aircraft.)