Amerijet lost $33M in 12 months, downsizes Atlanta operation

Cargo airline scratches for cost savings to offset drop in shipping demand

Amerijet has returned six Boeing 757 converted freighters (pictured) to lessors after only 18 months of operation because there isn’t enough business to keep them busy. (Photo: Amerijet)

Struggling freighter operator Amerijet International will outsource work from its small shipping station in Atlanta at the end of March in the latest attempt to reduce costs amid mounting financial losses driven by a prolonged downturn in freight markets and the end of some key contracts.

The Miami-based cargo airline will shutter the warehouse it operated a few miles from Hartsfield-Jackson Atlanta International Airport and outsource freight transfers to Worldwide Flight Services, a large airport ground handling agent, when the lease expires, Marketing Director Christine Richard confirmed.

The change will reduce headcount by four employees, who will have the opportunity to join WFS, she said in an email message. The warehouse supported Amerijet’s road feeder network, which operated to and from the company’s air hub at Miami airport. The WFS location on airport property will provide customers a more convenient location to drop and receive freight, Richard said.

Amerijet has taken a series of steps over the past year to regain its footing, culminating in the replacement of CEO Tim Strauss in October and a January restructuring that resulted in new ownership and the return of six Boeing 757-200 converted freighters to lessors after barely one year.

The company rapidly expanded during the unprecedented boom in air cargo fueled by the pandemic and had too much capacity when the market normalized and some large customers pulled their business.

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    Eric Kulisch

    Eric is the Supply Chain and Air Cargo Editor at FreightWaves. An award-winning business journalist with extensive experience covering the logistics sector, Eric spent nearly two years as the Washington, D.C., correspondent for Automotive News, where he focused on regulatory and policy issues surrounding autonomous vehicles, mobility, fuel economy and safety. He has won two regional Gold Medals and a Silver Medal from the American Society of Business Publication Editors for government and trade coverage, and news analysis. He was voted best for feature writing and commentary in the Trade/Newsletter category by the D.C. Chapter of the Society of Professional Journalists. He was runner up for News Journalist and Supply Chain Journalist of the Year in the Seahorse Freight Association's 2024 journalism award competition. In December 2022, Eric was voted runner up for Air Cargo Journalist. He won the group's Environmental Journalist of the Year award in 2014 and was the 2013 Supply Chain Journalist of the Year. As associate editor at American Shipper Magazine for more than a decade, he wrote about trade, freight transportation and supply chains. He has appeared on Marketplace, ABC News and National Public Radio to talk about logistics issues in the news. Eric is based in Vancouver, Washington. He can be reached for comments and tips at ekulisch@freightwaves.com