Well this doesn’t explain ACMI pilot CBAs
03-01-2018, 08:16 AM
#1
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Joined APC: Feb 2018
Posts: 27
Well this doesn’t explain ACMI pilot CBAs
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”
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”
Last edited by Tumbl3weed; 03-01-2018 at 08:41 AM.
03-01-2018, 09:26 AM
#2
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Joined APC: Dec 2017
Position: B767 Capt.
Posts: 171
Originally Posted by Tumbl3weed
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”
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”
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