And if the auto companies either shut down or close plants that’s a lot less business for them.
I think we might hear similar news from USA Jet as they depend even more heavily on auto parts traffic than Kalitta (as Kalitta can compete in the more robust international heavy cargo market).
Not exactly… USA Jet is finding new business with companies that are outsourcing equipment to Mexico. There is a Whirlpool plant here that is closing and they are flying DC-9’s outta here every month with 14,000 lbs of assembly equipment. Kalitta on the other hand, may be better off being bought by Southern Air Transport or something on that line… and that means that the order for the new 747-400F’s will be cancelled which in turn (to add a point to my post about Boeing) will hurt Boeing. Ugh, what a mess!!