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

Atlas to take over 747-400F ops for NCA

Today, Atlas Air Worldwide Holdings announced the expansion of its existing strategic agreement with Nippon Cargo Airlines (NCA), under which Atlas will operate NCA’s three 747-400 freighters on a CMI basis. The announcement is not unexpected, as the three -400Fs have been idled since the Japanese all-cargo carrier was forced to ground its entire eleven-unit […]
  • Caryn Livingston
  • January 8, 2019

Star Air’s Graversen, Atlas’ Steen join Cargo Facts EMEA speaker faculty

With just a few weeks to go before Cargo Facts EMEA begins, Søren Graversen, CEO of Star Air A/S, and Michael Steen, Executive Vice President and Chief Commercial Officer of Atlas Air, have joined the speaker faculty. The event will be held 4-6 February 2019 at the Westin Grand Frankfurt and is presented with host […]
  • Nina Chamlou
  • December 28, 2018

Atlas Air Worldwide, Ameriflight launch pilot pathway program

New York-based Atlas Air Worldwide Holdings, Inc. said that its subsidiary airlines, Atlas Air and Southern Air, have entered into an arrangement with Dallas-based cargo carrier Ameriflight to offer qualified candidates among its pilots a “guarantee” to interview for positions at Atlas and Southern. The program aims to address an increase in demand for the […]
  • Caryn Livingston
  • November 16, 2018

4 airlines that could end up with NCA’s 747-400Fs

At least two of Nippon Cargo Airlines’ three idled 747-400 freighters (36133, 36135) were reportedly ferried for storage at Victorville (VCV) this week, lending support to rumors that the all-cargo carrier is now looking to sell or lease out the freighters. In mid-June of this year, NCA was forced to ground its entire eleven-unit 747F […]
  • Caryn Livingston
  • November 8, 2018

Freighter aircraft transactions through the end of October

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 […]
  • Caryn Livingston
  • November 5, 2018

Atlas 3Q performance, peak season expectations strong

Atlas Air Worldwide Holdings (AAWW) reported third-quarter net income of $71.1 million, up from a net loss of $24.2 million for 3Q 2017, and expects strong performance for the fourth quarter on expectations of a record peak season. Operating income was up by 3.3% year-over-year during the quarter, to $54.5 million, while total operating revenues […]
  • Caryn Livingston
  • November 1, 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
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