Atlas Air bounces back in first quarter as 747 demand surges

Atlas Air Worldwide Holdings, Inc., the world’s largest operator of 747 freighters, reported a net profit of $23.4 million in the first quarter of 2020 as charter demand surged. Demand for the 747 platform, which was sluggish toward the end of 2019, took a 180-degree turn in 1Q20 as a result of COVID-19 disruptions that […]

Capacity crunch thrusts idled Southern Air 777F back into service

A 777F that has been sitting on the ground for almost a year has taken to the skies again, thanks to the COVID-19 crisis and the widespread shortage of airfreight capacity. The aircraft (35606) is owned by Titan Aviation, the dry-leasing arm of Atlas Air, and was previously operated by Emirates until January 2019. It […]

CFA 2020: Industry nuances to limit new entrants to freighter leasing

Ongoing growth in the air cargo industry and freighter operations amid the COVID-19 pandemic may not extend to new entrants to the leasing and operating spaces, according to speakers at this week’s Cargo Facts Asia 2020. Lead times for conversions, and other barriers to entry for this unique segment of the market pose challenges that […]

FedEx reactivates first parked jet this year

While hundreds of passenger aircraft have been heading to Victorville (VCV) for short-term storage during the COVID-19 crisis, FedEx Express has brought an A300-600F (789) out of VCV, ferrying it to Piedmont Triad International Airport (GSO) on April 14. Unit 789, which was sent from Memphis (MEM) to VCV to be parked March 13, is […]

Atlas Air begins reactivating stored 747s

Atlas Air has started to bring its converted 747-400Fs out of storage to handle the surge in demand for freighter capacity. One of the four freighter-converted aircraft previously parked by Atlas, a 747-400BCF (24833) was ferried from Marana (MZJ) to Los Angeles (LAX) on April 1, after being stored in MZJ since Jan. 2. The […]

As main-deck demand surges, 747Fs remain in storage

While the passenger airline business suffers from capacity cuts on an unprecedented scale due to the coronavirus pandemic, freighter operators are experiencing a surge in demand and charter activity as less and less belly capacity becomes available. However, no parked freighters appear to have been removed from storage and brought back into service so far. […]

Atlas posts $400M loss, parks four converted 747Fs

Atlas Air Worldwide Holdings today reported a net loss of $410.2 million for the fourth quarter of 2019, partly resulting from a non-cash special charge of $485.2 million related to the write-down of the company’s whole 747-400F fleet due to lower cargo yields and aircraft utilization. Atlas posted the loss despite block hours in the […]
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