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

Overheard at Cargo Facts Symposium

MIAMI – A bustling crowd of senior executives from all links in the air cargo supply chain gathered at the Mandarin Oriental for the 23rd annual presentation of the Cargo Facts Symposium. Delegates were delighted to be greeted with news that worldwide air freight volumes for the month of August were up double-digits (12.9%) y-o-y, […]
  • Charles Kauffman
  • October 4, 2017

Suparna Airlines’ growing widebody fleet

Earlier this week, we reported that Shanghai-based Suparna Airlines (formerly Yangtze River Airlines) leased a 747-400ERF (35235, ex-ASL Airlines Belgium opf Emirates) from Aircastle. We have since learned that the aircraft was not leased, but in fact purchased. In addition, Cargo Facts believes that this was the first of two ERFs Suparna is buying from […]
  • Charles Kauffman
  • September 22, 2017

Suparna adds 747-400F, ultimately bound for Cargolux’s China venture?

Update, 21 September 2017: Cargolux confirmed to Cargo Facts that there is in fact, no connection between Henan Cargo Airlines and Suparna’s recent 747-400F acquisition.  Last month, ASL Airlines Belgium returned a 747-400F (35235) to lessor Aircastle, and today the aircraft arrived in Hong Kong, where it is now on lease to Shanghai-based Suparna Airlines […]
  • Charles Kauffman
  • September 19, 2017

Cargo Facts Symposium to feature fireside chat with Atlas CEO, William Flynn

Cargo Facts is pleased to announce that the 23rd Annual Cargo Facts Symposium will feature an exclusive Fireside Chat with: William (‘Bill’) Flynn, President and Chief Executive Officer, Atlas Air Worldwide Holdings. Flynn’s career in transportation and supply chain management spans forty-years, during which he has held a variety of positions. Currently, Bill is President […]
  • Charles Kauffman
  • June 13, 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

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

Amazon to abandon Wilmington hub for Cincinnati/Northern Kentucky

Yesterday, Seattle-based Amazon announced that it will shutter operations at Wilmington Air Park (ILN) in Ohio, and construct a new US$1.49 billion “centralized air hub” to support its Prime Air operations at nearby Cincinnati/Northern Kentucky Airport (CVG) in Hebron, Kentucky – just 110 km to the southwest. In parallel, CVG Airport’s board recently inked a fifty-year […]
  • Charles Kauffman
  • February 1, 2017
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