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Tumbl3weed
03-01-2018, 08:16 AM
ATSG Earnings call excerpts below. (AAWW was similar)
Joe Hete
“I am very pleased to report that we ended 2017 with substantial increases in revenues and earnings on the strength of a solid fourth quarter..... Our earnings on an adjusted basis were up 73% for the quarter and 63% for the year, largely due to improved results from our airlines.”

Quint Turner
“fourth quarter revenues increased by more than $100 million to $323 million, and by nearly $300 million for the year to $1.1 billion”

“the principal factor for the airlines was expanded flying during a busy peak which included operations for our principal customers DHL and Amazon, as well as some peak season flying for other customers.”

Rich Corrado

“ABX Air and ATI delivered excellent service”

When asked
Okay. But generally, I mean -- just generally speaking, you do have obviously inflation escalators in those contracts to cover us?
(In other words, are you covered by your current ACMI contracts to pass on pilot salary increases to the customer)
Joe Hete said
“Yes”


gumpscheck
03-01-2018, 09:26 AM
ATSG Earnings call excerpts below. (AAWW was similar)
Joe Hete
“I am very pleased to report that we ended 2017 with substantial increases in revenues and earnings on the strength of a solid fourth quarter..... Our earnings on an adjusted basis were up 73% for the quarter and 63% for the year, largely due to improved results from our airlines.”

Quint Turner
“fourth quarter revenues increased by more than $100 million to $323 million, and by nearly $300 million for the year to $1.1 billion”

“the principal factor for the airlines was expanded flying during a busy peak which included operations for our principal customers DHL and Amazon, as well as some peak season flying for other customers.”

Rich Corrado

“ABX Air and ATI delivered excellent service”

When asked
Okay. But generally, I mean -- just generally speaking, you do have obviously inflation escalators in those contracts to cover us?
(In other words, are you covered by your current ACMI contracts to pass on pilot salary increases to the customer)
Joe Hete said
“Yes”

Excellent observation Weed. What this means is that the upper management at ATSG wants to continue to pad their bonuses with money that they claimed was intended for the employees, in this case, for the pilots. To have a National Union organization try to justify a less than industry standard CBA onto its members is appalling.

motorclutch
03-01-2018, 03:58 PM
Lets hope the ATI pilot group has figured it out by now......if not...more money on the table for ABX!




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