Tag Archives: 767-223

Cargojet reports an expanded profit for its second quarter

Cargojet Inc. (Cargojet Airways) (Hamilton, ON) has announced its financial results for the second quarter ending on June 30, 2015.

For the Second Quarter Ended June 30, 2015 :

Total Revenues were $75.2 million (all amounts are in Canadian dollars), an increase of $30.9 million or 69.6% versus the previous year

Gross Margin was $7.3 million, an increase of $2.1 million or 39.3% versus the previous year

Adjusted EBITDA before one-time costs was $10.9 million, an increase of $6.5 million or 147.7% versus the previous year. Adjusted EBITDA net of one-time costs was $6.6 million .

Adjusted EBITDAR before one-time costs was $20.0 million , an increase of 115.1% versus the previous year. Adjusted EBITDAR net of one-time costs was $15.7 million .

“Cargojet has successfully completed the integration of its new major customer in 2015, which has contributed to revenue growth in the Quarter,” said Ajay Virmani , President and Chief Executive Officer.

“Overall customer demand for Cargojet’s primary overnight network services and its air cargo charter services were softer than expected in the Quarter and we continue to match capacity to actual demand, in order to keep operating costs in line”, he added.

“One-time costs related to the expansion of our core overnight network that started in March 2015 , for a major customer were in line with our planned expenditures,” he added.

Cargojet is Canada’s leading provider of time sensitive overnight air cargo services and carries over 1,000,000 pounds of cargo each business night. Cargojet operates its network across North America each business night, utilizing a fleet of all-cargo aircraft consisting of 6 Boeing 767-300 ER, 3 Boeing 767-200 ER, 5 Boeing 757-200 and 9 Boeing 727-200F aircraft.

Copyright Photo: Ton Jochems/AirlinersGallery.com. Cargojet has been adding wide-body freighters including the pictured former American Airlines Boeing 767-223 (F) C-GCJO (msn 22315) pictured at Winnipeg.

Cargojet Airways aircraft slide show:

American quietly retires the last two Boeing 767-200s (for now)

American Airlines (Dallas/Fort Worth) as planned and previously reported, quietly replaced and retired its last two Boeing 767-200s that were operated at the end on the trans-continental routes. The two venerable aircraft were replaced with new Airbus A321s.

Officially the last revenue flight was operated with the pictured Boeing 767-223 ER N319AA (msn 22320) on flight AA 30 from Los Angeles to New York (JFK) departing LAX on the evening of May 7 and arriving at JFK during the early morning of May 8 per Frequent Business Traveler.

The pictured N319AA was delivered to AA on November 18, 1985 and was retired after almost 29 years of faithful service.

American began operating the type in 1982. However when US Airways is finally merged into the “new” American Airlines, AA will again operate the type.

US Airways continues to operate the Boeing 767-200. US Airways will draw down its 767-200 fleet and to continue to operate the type into 2015. Both American Airlines and US Airways are now part of the American Airlines Group. Eventually US Airways will be merged into American as the two carriers work towards a single operating certificate (SOC). When this happens, the new and larger American will be operating the type once again albeit for a short time again.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 767-323 ER N319AA departs from Los Angeles before the retirement. The old Boeing 767-200s are not likely to be repainted into the new 2013 American Airlines livery, even when the US Airways Boeing 767s join the fleet. It is just too impractical for this soon to be retired aircraft type. The 1968 American livery will probably be the last color scheme worn by the AA 767-200s.

American Airlines (current livery):

American Airlines (historic liveries):

Cargojet Airways leases two Boeing 767-200 ERF freighters from Air Transport Services Group

Air Transport Services Group, Inc. (Wilmington, Ohio), the sister company of ABX Air and ATI, has announced it has signed a new agreement with Cargojet Airways (Hamilton, Ontario), Canada’s cargo airline, to lease two Boeing 767-200 ER freighters.

Cargojet currently dry-leases two Boeing 767-200 freighters from ATSG’s subsidiary Cargo Aircraft Management Inc. (CAM) under long-term agreements. Cargojet has signed agreements to dry-lease an additional two Boeing 767-200 freighters from CAM, for up to three years. The first aircraft is expected to be delivered by the end of the second quarter, with the second aircraft delivering early in the third quarter.

Cargojet is currently in the process of a fleet renewal plan. Leasing these two additional 767-200 freighters is part of the company’s current growth strategy. The cargo airline is gearing up its fleet for the upcoming Canada Post/Purolator contract. The airline is also phasing out its Boeing 727 freighter fleet, one of the last operators of the trijet in North America.

Copyright Photo: Reinhard Zinabold/AirlinersGallery.com. Formerly operated by American Airlines, Boeing 767-223 (F) C-FMCJ (msn 22316) is pictured landing at the Hamilton base.

Cargojet:

American Airlines and US Airways issue their fleet plans

American Airlines Group (American Airlines and US Airways) (Dallas/Fort Worth) has issued its new fleet update (see below) for 2014. Overall the fleet will grow by only three aircraft this year. The Group will take delivery of 83 new mainline aircraft during 2014, namely 10 Airbus A319s, 42 A321s, three A330-200s, 20 Boeing 737-800s, two 787-8s and six 777-300s (more Airbus aircraft than Boeing aircraft). The Group expects to retire during 2014 26 McDonnell Douglas DC-9-82/83s (MD-80s), 14 Boeing 737-400s, 22 757-200s, 13 767-200s and five Airbus A320s.

The last eight Boeing 737-400s being operated by US Airways (top) are expected to be retired before the end of the third quarter (September 30).

On the regional side, the Group is significantly reducing its Embraer ERJ 140 fleet but it will also operate a large amount of inefficient 50-seat Bombardier CRJ200s (138) and Embraer ERJ 145s (118).

Here is the full report:

In addition, according to Airline Route, American Airlines and US Airways will begin assigning certain routes to either American or US Airways:

Effective June 1: American Airlines routes to be operated entirely by US Airways:

Charlotte – Chicago (O’Hare)
Charlotte – Miami
Los Angeles – Phoenix

Effective July 2, the following American routes will be operated by US Airways:

Miami – Detroit
Miami – New Orleans
Miami – Raleigh
Miami – Tampa

Effective July 2, the following US Airways routes will be operated by American:

Phoenix – Detroit
Phoenix – Newark
Phoenix – Orange County
Phoenix – Seattle

Top Copyright Photo: Bruce Drum/AirlinersGallery.com. A significant milestone is approaching quickly. US Airways has had a long association with the Boeing 737 and the last 737-400 is expected to be retired before the end of September according to this fleet update. Boeing 737-4B7 N433US (msn 24555) taxies to the runway at Charlotte Douglas International Airport (CLT).

US Airways:

American Airlines (current):

American Airlines (historic):

Bottom Copyright Photo: Michael B. Ing/AirlinersGallery.com. American is quickly replacing the older Boeing 767-200 ERs currently being operated between New York (JFK) and Los Angeles with newer Airbus A321s. The last AA 767-200 is expected to be retired on May 7 according to ch-aviation although the type will continue with US Airways into 2015. American Airlines’ Boeing 767-223 ER N335AA (msn 22333) departs from Los Angeles bound for New York (JFK).

American Airlines is planning to operate the last Boeing 767-200 service on May 7, 2014

American Airlines (Dallas/Fort Worth) is planning (subject to change) to operate the last Boeing 767-200 revenue flight on May 7, 2014 between Los Angeles and New York (JFK) according to Airline Route.

The 767-200 is mainly being used on the trans-con routes and will be replaced with new Airbus A321-200s.

American introduced the 767-200 in November 1982 and has been gradually phasing out the venerable type.

In other news, American Airlines and Qatar Airways (Doha) today announce an expansion of their relationship to include a reciprocal frequent flyer program agreement, providing customers more opportunities to earn and redeem miles when traveling across each airline’s global network.

Copyright Photo: James Helbock/AirlinersGallery.com. The Boeing 767-200s are not being repainted in the new livery because of the imminent retirement. Boeing 767-223 ER N320AA (msn 22321) “Flagship Independence” climbs away from the runway at Los Angeles International Airport.

American Airlines:

First Air takes delivery of first 767-200F

C-GKLY is pictured at the Ottawa base on June 5 shortly after the delivery. Copyright Photo: Michael Parent Photography.

First Air (Ottawa) has taken delivery of its first ex-American Airlines Boeing 767-223 (F) registered C-GKLY (msn 22314). The new freighter was delivered to the Ottawa base on June 5.

ATI to operate a 767-200 (F) for QANTAS

Please click on photo for full view, information and other photos.

ATI-Air Transport International (Little Rock) on June 15 will start operating a Boeing 767-200 (SF) for ACMI operations for QANTAS Airways between Australia and New Zealand.

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