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

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

E-commerce and express traffic drive growth at Seattle’s airport in 2016

Last year, Seattle-based Amazon launched a dedicated air freight network, “Prime Air” and began carrying cargo between major distribution centers in the United States with a fleet of 767 freighters operated operated by Atlas Air and ATSG. With initial plans that call for a fleet of forty aircraft by 2020, at last count, eighteen aircraft have already […]
  • Charles Kauffman
  • January 30, 2017

Kalitta Air pilots agree to new contract

Pilots at US-based ACMI and charter operator Kalitta Air voted overwhelmingly to ratify a new contract. The International Brotherhood of Teamsters, which represents the Kalitta pilots, said a twenty-one day voting period ended on 20 December, with 234 pilots voting in support of the new deal, and 17 voting against. According to the union, the four-year […]
  • David Harris
  • December 27, 2016

Ramp-up for the Amazon contract hits an otherwise strong quarter for Atlas

As expected, Atlas Air Worldwide Holdings (AAWW) reported a third-quarter loss, the result of expenses related to the company’s agreement to operate a twenty-unit 767-300F fleet for Amazon. As can be seen in the chart at right, AAWW reported a loss of $7.9 million in the quarter, as revenue was almost flat (down 0.4%) with 3Q15. […]
  • David Harris
  • November 3, 2016

Atlas orders nine 767-300BCF conversions

Atlas Air Worldwide Holdings (AAWW) placed a firm order with Boeing for passenger-to freighter conversion of nine 767-300s. As Cargo Facts speculated last month, this includes four conversion orders previously attributed to an unidentified customer. The order comes as no surprise, as Atlas’ recent agreement with Amazon requires it to provide twenty freighter-converted 767-300s by […]
  • David Harris
  • October 11, 2016

Amazon One – the first freighter in Amazon livery

Seattle. Just another city. Or maybe not. If you’ve ever ordered something online – a book, a kitchen appliance, a lawn chair, or anything else – Seattle is important to you, because that is where Amazon is (you did order that lawn chair from Amazon, right?). It is also where Boeing Field is, and it was at Boeing […]
  • David Harris
  • August 4, 2016
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