Air Transport Services Group is not feeling the contraction in air cargo shipping as much as other carriers despite express delivery customers streamlining flight activity in their networks, CEO Rich Corrado told investors this month.
Amazon’s air logistics unit and DHL Express reduced flight schedules for their contracted fleets in early 2023 but the company’s two cargo airline subsidiaries, ABX Air and Air Transport International, are still flying the same number of Boeing 767 aircraft as last year. Management indicated that two of its biggest customers have only marginally changed flight schedules amid lower parcel demand.
