Atlas expands its fleet

Atlas Air Worldwide Holdings (AAWW) acquired a 747-400ERF (33515) on lease from Altavair. The freighter was originally delivered to Korean Air in 2003, and has been operated by Korean until now. Altavair acquired it, along with a sister ship, in a forward sale late last year. The second of the pair (33517) will also be […]
  • David Harris
  • September 11, 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

Invisible cargo connections

Sometimes things just don’t make any sense. Maybe you read a story and came away scratching your head, wondering “Why would they do that?” Sometimes it’s more than one story or report. Sometimes it seems like you must be reading news about the air freight industry on another planet. And then, maybe sharing a drink […]
  • David Harris
  • September 8, 2016

Peeking ahead to peak season

Yes, it is still mid-summer, but news out of China today has us looking ahead to the fourth quarter. Peak season may not be quite the massive boost to air freight volumes that it once was, but it is still important. Retailers still make mistakes with inventory planning, and there is nothing a cargo airline […]
  • David Harris
  • July 29, 2016

Peak season hit by Chinese charter ban

Just as peak season demand was beginning to grow, the Civil Aviation Administration of China has imposed a ban on charter flights from three of the country’s major airports for the entire month of November. While the 2015 peak season is not shaping up to be a record-setter, it is at least a real peak, and […]
  • David Harris
  • November 10, 2015

Qatar Airways goes big in the charter market

Qatar Airways acquired another freighter, this one specifically for use in the rapidly growing project cargo market. Qatar Airways ACMI-leased a 747-400BDSF (24998) from Turkey-based myCargo Airlines. The term of the lease is three months, after which Qatar will replace the converted freighter with a production 747-400F noseloader, also to be ACMI-leased from myCargo. (We […]
  • David Harris
  • August 14, 2015

Flying the Fan Jet Falcon

This vintage-1969 Falcon Fan Jet 20 is arriving at Boeing Field from Fairbanks for a fuel stop en route to its regular base in Texas. Flown by charter operator Cherry Air, it operates on an ad-hoc basis flying time critical shipments. Although Falcons were at one time used in scheduled services by the likes of […]
  • David Harris
  • September 29, 2014

Atlas answers the big question

Atlas Air Worldwide Holdings’ first quarter net income was either up 90% or down 60% depending on whether you look at the adjusted or as-reported figures. On an as-reported basis, Atlas saw net income for the first quarter of 2014 fall 60.4% y-o-y to $7.9 million. However, after adjusting for a $3.4 million charge (related […]
  • David Harris
  • May 1, 2014
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