Thread: ATLAS on CNBC
View Single Post
Old 02-07-2009, 05:40 PM   #2  
Spongebob
Bored
 
Spongebob's Avatar
 
Joined APC: Nov 2006
Position: Grumman Torture Device (weekends only)
Posts: 356
Default

I don't think so...Jade's at least 1/2 owned by Lufthansa; not sure how much ACMI they do.

Overall though, air cargo is down quite a bit over the last year - especially last quarter, so it's not just Atlas. People have quit buying stuff made in China and SE Asia; what they are buying is going by ship except for food/flowers, which generally don't come from Asia (hence Arrow's growth).

My $.05

Spongebob
Spongebob is offline