Atlas fleet boost bumps 4Q18 earnings

Atlas Air Worldwide Holdings (AAWW) reported a fourth-quarter net income of $211.0 million, up 0.7%  from net income of $209.5 million for 4Q 2017 on solid results from the company’s ACMI, Charter and Dry Leasing segments. Operating income rose 19.5% to $127.6 million and total operating revenues increased 21.8% to $765.0 million from substantial growth […]

• Charles Kauffman
• February 19, 2019

ATSG’s new pipeline for 767 feedstock

Yesterday, when Ohio-based Air Transport Services Group, Inc. (ATSG) made the surprise announcement that it would be acquiring Oklahoma-based Omni Air, entry into the 777 operating platform stood out as the most interesting opportunity for ATSG – particularly at a time when some of the company’s current CMI clients, like DHL Express, are poised to […]

• Charles Kauffman
• October 3, 2018

Atlas Air revenue, guidance rise again in 2Q

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 […]

• Caryn Livingston
• August 3, 2018

Previously unreported freighter aircraft transactions

We try to keep up-to-date on transactions involving freighter aircraft, publishing a list of recent transactions every week in Cargo Facts Update, and then a comprehensive summary in the monthly issue of Cargo Facts. However, particularly in the case of used passenger aircraft being acquired and put into conversion to freighter configuration, it is easy […]

• David Harris
• May 24, 2018

Atlas reports an exceptional first quarter, and ups full-year guidance

Atlas Air Worldwide Holdings (AAWW) reported first-quarter net income of $9.6 million, up from a reported loss of $752,000 a year earlier. Adjusting for a variety of one-time impacts, net income was up 187.4% y-o-y to 23.8 million, while total revenue rose 24.1% to $590 million. Operating income for the quarter jumped 68.8% to $40.6 […]

• David Harris
• May 3, 2018

First freighter aircraft transactions of February 2018

Every week in Cargo Facts Update, we include a list of recent freighter aircraft transactions, and then a comprehensive summary in the monthly issue of Cargo Facts. Each reference to a freighter aircraft transaction (FAT) in our publications contains a unique FAT code linked to the FAT database on the CargoFacts.com website. This database is […]

• Charles Kauffman
• February 5, 2018

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