Revenue and Block Hours up 20% in Atlas 3Q

Atlas Air Worldwide Holdings reported a third-quarter net loss of $24 million, as total revenue jumped 19.6% y-o-y to $536 million. Operating income for the quarter more than doubled, to $53 million. So, if the revenue and operating income gains were so good, why the reported loss? In a “no good deed goes unpunished” way, […]
  • David Harris
  • November 7, 2017

HNA’s Suparna commits to Xi’an and Hahn as air freight hubs

On 28 August, a Suparna Airlines (previously Yangtze River Express, then Yangtze River Airlines) 747-400F departed the central-Chinese city of Xi’an, and headed for Frankfurt-Hahn Airport in Germany, where it landed eight hours later, formally inaugurating the carrier’s newest Xi’an – Hahn – Ordos, scheduled cargo route. Although Suparna, in its previous Yangtze River incarnation […]
  • Charles Kauffman
  • August 29, 2017

The World’s top 50 cargo carriers Part II — what’s with the data?

Yesterday, in Part I of this analysis we included a chart showing our best estimate of the international, domestic, and total cargo traffic (including mail and both scheduled and charter freight) flown by the top fifty carrier groups worldwide. But why do we call it our “best estimate,” and how is our best estimate different […]
  • David Harris
  • August 9, 2017

Green grass and high tides for Atlas

Not only did Atlas Air Worldwide Holdings (AAWW) report an extremely strong second quarter and first half, CEO Bill Flynn said the company expected the good momentum “to carry through 2017, into 2018, and beyond.” In the second quarter, Atlas reported net income up 89.3% over 2Q16 to $40 million, as revenues increased 16.7% to […]
  • David Harris
  • August 2, 2017

An (adjusted) flying start for Atlas in 2017

Atlas Air Worldwide Holdings (AAWW) reported a net first-quarter loss of $752,000 (compared to a $471,000 profit in 1Q16), as total revenues rose 13.6% y-o-y to $475 million. Operating income for the quarter was up 19.8% to $24 million. Given the net loss, why was Atlas so pleased with the result that CEO Bill Flynn […]
  • David Harris
  • May 3, 2017

A strong quarter ends Atlas’ “historic” year

2016 was quite a year for Atlas Air Worldwide Holdings (AAWW). During the year, the company: Acquired Southern Air Holdings, including subsidiary carrier Southern Air, with its five 777Fs and five 737-400Fs, all in CMI operation for DHL, and Signed an agreement with Amazon, under which Atlas agreed to lease twenty 767-300 freighters to Amazon, […]
  • David Harris
  • February 23, 2017

Amazon’s Prime Air to commence operations at CVG beginning in spring 2017

At the beginning of the month, Seattle-based Amazon announced plans to shutter its Prime Air operations at Wilmington Air Park (ILN) in Ohio, and construct a new “centralized air hub” at nearby Cincinnati/Northern Kentucky Airport (CVG) in Hebron, Kentucky – just 110 km to the southwest. (For a more detailed analysis, see Amazon to abandon Wilmington […]
  • Charles Kauffman
  • February 20, 2017

Asiana and Atlas in trans-Pac ACMI agreement

Asiana Cargo, the cargo arm of South Korea-based Asiana Airlines, signed an agreement to ACMI lease a 747-400F from Atlas Air, one of the airline subsidiaries of Atlas Air Worldwide Holdings (AAWW). Atlas will operate the freighter, beginning this month, on trans-Pacific routes connecting South Korea “with several destinations in the US.” Commenting on the […]
  • David Harris
  • February 14, 2017
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