newstodate.aero
Aug 26, 2016 (newstodate): The declining business with the turboprop freighter fleet is costing dearly for the Swedish/UK cargo carrier West Atlantic.
According to the West Atlantic Interim Report Q2, 2016, out yesterday, the company is seeing a modest one percent increase in revenues from its Boeing 737 and Boeing 767 operations when cleansed of effects from currency exchanges and fluctuations in fuel prices.
This is, however, mostly offset by lower utilization of the ATP fleet and lower revenue from technical services, the report says.
-The primary driver of the lower ATP revenue was the loss of the operation for the Swedish NMO PostNord at the end of 2015, which involved five aircraft. Further, following Posten Norge's decision to stop Saturday delivery of mail, the operating calendar has been re-duced contributing to lower revenue.
In the fleet of West Atlantic are now, according to the report, a total of 39 ATP freighter, with 27 in service and 12 parked as reserve and for cannibalization which will in itself contribute positively through lower spare parts procurement costs for maintenance of the fleet in service..
According to the West Atlantic Interim Report Q2, 2016, out yesterday, the company is seeing a modest one percent increase in revenues from its Boeing 737 and Boeing 767 operations when cleansed of effects from currency exchanges and fluctuations in fuel prices.
This is, however, mostly offset by lower utilization of the ATP fleet and lower revenue from technical services, the report says.
-The primary driver of the lower ATP revenue was the loss of the operation for the Swedish NMO PostNord at the end of 2015, which involved five aircraft. Further, following Posten Norge's decision to stop Saturday delivery of mail, the operating calendar has been re-duced contributing to lower revenue.
In the fleet of West Atlantic are now, according to the report, a total of 39 ATP freighter, with 27 in service and 12 parked as reserve and for cannibalization which will in itself contribute positively through lower spare parts procurement costs for maintenance of the fleet in service..