1) Talk about decline in flight hours among all-cargo airlines - ATSG, Atlas Air, etc. - and what that tells us about market;

2) More cargo conversion activity - Qantas, ATSG, etc. - and what that tells us about market, maybe too much supply?

3) Cargo airline investments in more aircraft putting pressure on cash flow - Air Canada, ATSG;

4) Earnings - ATSG, Atlas Air, Air Canada, (also Singapore and IAG Cargo) in past 1.5 weeks.

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