All Atlas Air Worldwide articles – Page 2
-
News
Reports: Apollo group in talks over Atlas Air takeover bid
A group led by investment firm Apollo Global Managment is in talks to purchase airfreight group Atlas Air Worldwide Holdings, according to Reuters.The newswire quotes a person familiar with the matter as saying that talks are at an advance stage, although no details of whether a deal had been reached ...
-
News
Atlas Air revenues improve despite volume decline
Atlas Air Worldwide reported improvements in revenues during the first quarter of the year despite a decline in volumes.The freighter lessor and operator saw first-quarter revenues increase by 20% on last year to $1bn, adjusted earnings before interest, tax, depreciation, amortisation (ebitda) increased 11.9% to $202,814 but net income dropped ...
-
News
Record 2021 results for Atlas Air Worldwide
Atlas Air Worldwide Holdings saw record results in 2021 with increased revenue and income, while also placing all of its incoming B747-8Fs under long-term agreements.The US-based freighter lessor expects a “strong performance” in the first quarter of 2022, helped by new or enhanced long-term customer contracts.Atlas saw 2021 revenues of ...
-
NewsCargo airlines urge US to swerve 5G "economic calamity”
Photo: PixabayCargo airlines are amongst the signatories of a letter urging immediate action on 5G plans in the US to “avoid significant operational disruption” in the supply chain.The letter, sent by trade association Airlines for America to stakeholders in government bodies, is signed by 11 companies including Atlas Air Worldwide, ...
-
NewsAtlas Air orders Boeing 777 freighters
Atlas Air Worldwide Holdings, Inc. has ordered four new Boeing 777 freighters, with the first due for delivery in November.The company, which reached a quarterly revenue record of $1bn in the third quarter of 2021, said the order of the 777-200LRFs is in response to strong customer demand for dedicated ...
-
News
Atlas Air quarterly revenues breach $1bn mark
Atlas Air Worldwide has seen its revenues breach the $1bn mark for the first time in the company's history.During the third quarter, the lessor saw its revenues increase by 25.5% year on year to just over $1bn, while adjusted ebitda climbed 42.9% on last year to $280.5m and net income ...
-
News
Atlas Air pilots hit out at new five-year contract
Atlas Air pilots have criticised the new five-year collective bargaining agreement (CBA) announced earlier this week saying it makes the airline a place to train, not for a career.The new contract will merge the pilots of Atlas Air and Southern Air, which was by Atlas acquired in 2016, onto a ...
-
News
Titan Aviation Holdings appoints SVP and CCO
Titan Aviation Holdings, a subsidiary of Atlas Air Worldwide Holdings, has appointed Eamonn Forbes into the role of senior vice president (SVP) and chief commercial officer (CCO) of Titan Asset Management Ireland Limited.Forbes joins Titan with more than 15 years of aviation leasing, legal and finance experience. Most recently, he ...
-
News
Atlas Air revenues driven up by higher rates and volumes in Q2
Freighter operator Atlas Air Worldwide has achieved increased revenues and net income in the second quarter of this year – due to higher rates and the “significantly improved” performance of its Airline Operations division.In its second-quarter 2021 results, the freighter operator recorded a 20% year-on-year increase in revenues to $990.4m. ...
-
News
Atlas Air and Polar Air Cargo receive IATA CEIV Pharma certification
Atlas Air Worldwide's subsidiary companies, Atlas Air and Polar Air Cargo Worldwide, have both received IATA CEIV Phamra certification.The certification confirms the carriers' capability of handling temperature-sensitive pharma goods to IATA’s globally recognised standard.The certificataion comes as the global rollout of Covid-19 vaccines continues.Michael T. Steen, executive vice president and ...
-
News
Atlas Air Worldwide set for strong H1 performance in 2021
Freighter operator Atlas Air Worldwide has achieved increased net income and ebitda (earnings before interest, tax, depreciation, and amortisation) in the first quarter of this year and it expects continued strong performance.In its first quarter 2021 results, the freighter operator recorded a 33.8% year-on-year increase in revenues to $861.3m. Net ...
-
NewsK+N and American partner to deploy 11m litres of SAF
Kuehne+Nagel has entered into an agreement with American Airlines to deploy 11m litres of sustainable aviation fuel (SAF).The deal is part of K+N's Net Zero Carbon programme. Through the agreement, American will allocate a portion of the carbon reduction benefit generated through its use of SAF to K+N.Also as part ...
-
News
Atlas Air 2020 results "exceed expectations" due to historic volumes
Atlas Air Worldwide said its full-year 2020 operating results "exceeded expectations", thanks to "historic volumes" driven by e-commerce growth, as well as the requirements of businesses and communities during the pandemic.In its full-year 2020 results, the freighter operator achieved a 17.2% year-on-year increase in revenues — from $2.7bn in 2019 ...
-
News
Forwarders say new US cargo security programme is a quick fix
US forwarders have warned that plans for a new US air cargo security programme could be a quick fix benefiting only a select few.Last Wednesday, the US Transportation Security Administration (TSA) met with air cargo stakeholders to outline proposals for a new security regime in line with incoming International Civil ...
-
NewsA last hurrah for the B747 as Atlas orders four more freighters
Image source: Atlas AirAtlas Air Worldwide has ordered four more Boeing B747-8 freighters, which when delivered will be the last of the iconic aircraft ever to be built.The four B747-8Fs are expected to be delivered from May through to October 2022 and signify the end of the Boeing B747 programme, ...
-
News
Air Cargo News’ Top 10 most read in 2020
It’s fair to say that last year was a year like no other for the airfreight industry.Yet, as ever, the Air Cargo News was happy to keep you up-to-date with the latest news — the good, the bad and the unprecedented.And our reader numbers continue to rise, with pages read ...
-
NewsAtlas completes transatlantic flight using sustainable aviation fuel
Cargo carrier Atlas Air Worldwide has completed a test flight from Europe to Latin America using sustainable aviation fuel (SAF) sourced from fresh vegetable oil.The carrier said on December 22 that the flight from Spain’s Zaragoza airport to Mexico City, which took place a day earlier, is “believed to be ...
-
News
Atlas Air reactivates another B747 as revenues rise
Atlas Air Worldwide Holdings will reactivate another B747 freighter after improvements in its third quarter figures thanks in part to expanded its e-commerce operations with Amazon and Alibaba.The lessor reported that third-quarter revenues increased by 24.9% year on year to $809.9m and net income increased 23.5% year on year to ...
-
News
US cargo carriers quizzed on PSP funds
Four US cargo carriers have been asked to hand back or demonstrate that they needed more than $630m in Covid-19 support funding as part of the Payroll Support Program (PSP).James Clyburn, chairman of the select subcommittee on the coronavirus crisis, sent letters to Atlas Air, Kalitta Air, Western Global Airlines ...
-
News
Alibaba targets South America e-commerce with Atlas Air deal
Alibaba's supply chain business Cainiao Smart Logistics Network has inked a freighter charter deal with Atlas Air as it targets the South American e-commerce market.The deal will see Atlas fly dedicated charter flights between China, Brazil and Chile three times per week to "enhance Alibaba’s extensive logistics network as cross-border ...
- Previous Page
- Page1
- Page2
- Page3
- Page4
- Next Page