Cargo Facts

No products in the cart.

SUBSCRIBE
  • NEWS
  • DATA & FLEETS
  • MAGAZINE
    • Latest Issue
    • Features
    • Top News
    • Freighter Aircraft Transactions
    • Shorts
    • View From The Cockpit
    • Parting Shot
    • Issue Archive
  • PODCAST
  • EVENTS
  • CONSULTING
Saturday, September 30, 2023
Log In
No Result
View All Result
  • Leasing
  • Capacity & Demand
  • Carriers
  • Drones
  • Engines
  • Express
  • Conversions
Cargo Facts
  • NEWS
  • DATA & FLEETS
  • MAGAZINE
    • Latest Issue
    • Features
    • Top News
    • Freighter Aircraft Transactions
    • Shorts
    • View From The Cockpit
    • Parting Shot
    • Issue Archive
  • PODCAST
  • EVENTS
  • CONSULTING
Log In
No Result
View All Result
Cargo Facts
No Result
View All Result

Atlas Air revenue, guidance rise again in 2Q

Caryn Livingston by Caryn Livingston
August 3, 2018
in Carriers, Freighter Aircraft, News, News Archives, Strategy
0
Share on FacebookShare on LinkedIn

Atlas Air Worldwide Holdings (AAWW) reported a second-quarter net loss of $21.2 million, down from net income of $38.9 million for 2Q 2017, due to an unrealized $50 million loss on outstanding warrants. However, after adjustments, the company saw a 70.8% increase in adjusted net income, to $49.7 million. Operating income rose 4.2% to $60.9 million and total operating revenues increased 28.8% to $666 million, with support from substantial growth in block hours for the ACMI, Cargo Charter, and Passenger Charter segments.

Of interest during the call were CEO Bill Flynn’s comments on the A330 converted freighter in response to questions about future fleet growth. The A330 production and converted freighters have gotten off to a slow start in global fleets, but Flynn said that the many passenger A330s in service present “a growing opportunity and a good opportunity” for conversion to freighter configuration.

Looking at the results by operating segment:

ACMI (including CMI): ACMI block hours increased 18.8% to 53,230. While average utilization in block hours per day fell 4.4% to 8.7, operating revenue for the segment rose by 21.2% to $278 million thanks to a higher average rate per block hour. Direct contribution for the segment declined by just under 1% to $52.7 million.

The increase in block hours during the quarter was due to increased flying for Amazon, the start-up of 747-700F flying for several new customers, and redeployment of a 747-8F from the charter segment to ACMI. Atlas now has fifteen freighter-converted 767-300s operating for Amazon, and still plans to add five more into service for the e-commerce giant by the end of 2018.

Charter: Cargo charter block hours increased 23% to 13,887, while operating revenues for the Charter segment increased 35.6% to $347 million. During the call, Flynn noted that charter activity has changed for the company from what was typically a seasonal business peaking during the fourth quarter, out of Asia, to what has now become “a 52-week business” driven by robust commerce activity (particularly newly released consumer electronics), and serving other markets as well as Asia.

Dry leasing: Revenues for the segment increased 39.9% during the quarter to $40.0 million, thanks to placement of additional 767-300Fs through the second half of 2017 and first-half 2018, as well as a 777F earlier in 2018.

Following the successful quarter, Atlas Air increased its guidance for the rest of 2018, and expects its full-year 2018 revenue to exceed $2.6 billion. Full-year block hours are expected 19% higher to around 300,000, and adjusted net income is expected to grow by 45-50% from 2017.

Tags: AAWWAir Cargo StrategyAtlas Air
Previous Post

YTO Express to convert former military air base into global operations hub

Next Post

EFW redelivers first A330-200P2F to EgyptAir Cargo

Related Posts

NWCIA 737-300F
Carriers

NWCIA streamlines fleet with 737-300F removal

September 29, 2023
DHL Air Austria
Express

DHL begins 767-300F transfer to Austria

September 29, 2023
Les Cronin
Engines

MTU Aero Engines VP Les Cronin joins Cargo Facts Symposium 2023

September 29, 2023
Next Post

EFW redelivers first A330-200P2F to EgyptAir Cargo

STAY INFORMED WITH OUR NEWS ALERTS

  • About Us
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

 Manage Cookie Consent

Follow Us

twitter linkedin podcast podcast podcast
© 2023 Royal Media
No Result
View All Result
  • News
    • All News
    • Aircraft Leasing
    • Capacity & Demand
    • Carriers
    • E-Commerce
    • Engines
    • Express
    • Freighter Aircraft
    • Freighter Conversions
  • Data & Fleets
  • Magazine
    • Latest Issue
    • Features
    • Top News
    • Freighter Aircraft Transactions
    • Shorts
    • View From The Cockpit
    • Parting Shot
    • Issue Archive
  • Podcast
  • Events
  • Consulting
  • Subscribe
  • Log In / Account

© 2022 Royal Media & Cargo Facts

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
THIS WEBSITE USES COOKIES

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I CONSENT”, you consent to the use of ALL the cookies.

Cookie settingsI CONSENT

Review our Cookie Policies
.
Manage Cookie Consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
34f6831605sessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
a64cedc0bfsessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
AWSALBCORS7 daysThis cookie is managed by Amazon Web Services and is used for load balancing.
cookielawinfo-checkbox-advertisement1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
crmcsrsessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
JSESSIONIDsessionThe JSESSIONID cookie is used by New Relic to store a session identifier so that New Relic can monitor session counts for an application.
LS_CSRF_TOKENsessionCloudflare sets this cookie to track users’ activities across multiple websites. It expires once the browser is closed.
PHPSESSIDsessionThis cookie is native to PHP applications. The cookie is used to store and identify a users' unique session ID for the purpose of managing user session on the website. The cookie is a session cookies and is deleted when all the browser windows are closed.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
CookieDurationDescription
_zcsr_tmpsessionZoho sets this cookie for the login function on the website.
663a60c55dsessionThis cookie is related to Zoho (Customer Service) Chatbox
bcookie2 yearsLinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID.
bscookie2 yearsLinkedIn sets this cookie to store performed actions on the website.
cbCookieAcceptedsessionThis cookie is used by Caspio (FAT Database) has not yet been given a description. Our team is working to provide more information.
cbParamListsessionThis cookie is used by Caspio (FAT Database) has not yet been given a description. Our team is working to provide more information.
e188bc05fesessionThis cookie is set in relation to Zoho Campaigns
iamcsrsessionZoho (Customer Support) sets this cookie and is used for tracking visitors (for performance purposes)
langsessionLinkedIn sets this cookie to remember a user's language setting.
li_gc2 yearsLinkedIn uses to store consent of guests regarding the use of cookies for non-essential purposes
lidc1 dayLinkedIn sets the lidc cookie to facilitate data center selection.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
CookieDurationDescription
AWSALB7 daysAWSALB is an application load balancer cookie set by Amazon Web Services to map the session to the target.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
_ga2 yearsThe _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
_gid1 dayInstalled by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
CONSENT2 yearsYouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
vuid1 yearVimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
__Host-GAPS2 yearsThis cookie allows the website to identify a user and provide enhanced functionality and personalisation.
_dc_gtm_UA-1038974-71 minuteUsed to help identify the visitors by either age, gender, or interests by DoubleClick - Google Tag Manager.
_fbp3 monthsThis cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website.
fr3 monthsFacebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin.
VISITOR_INFO1_LIVE5 months 27 daysA cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface.
YSCsessionYSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages.
yt-remote-connected-devicesneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt-remote-device-idneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt.innertube::nextIdneverThis cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.
yt.innertube::requestsneverThis cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
xn_uuid1 monthThis cookie is set by NING during sign-in, and serves as your identity on the network, and indicates that you are signed in.
Save & Accept
Powered by CookieYes Logo