All Atlas Air articles – Page 3
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News
Atlas Air sees profits slide in Q2 as costs rise
Atlas Air Worldwide, which yesterday announced it is being acquired in a $3bn deal, saw volumes and profits take a hit in the second quarter while revenues improved.The company saw revenue grow to $1.2bn in the second quarter of 2022, compared with $990m last year, volumes totaled 83,922 block hours, ...
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News
Atlas Air Worldwide to be acquired in $3bn takeover
Freighter firm Atlas Air Worldwide has entered into a definitive agreement to be acquired by an investor group in an all-cash transaction with an enterprise valuation of approximately $5.2bn.The takeover is led by funds managed by affiliates of Apollo, affiliates of JF Lehman & Company, and Hill City Capital.Under the ...
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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 ...
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NewsAtlas Air takes delivery of latest B747 freighter
Source: Atlas AirAtlas Air has taken delivery of the first of four Boeing B747-8 freighters - one of the last of the model to be built - for use on its recent long-term contract with Cainiao.The aircraft will operate between China, the US, Brazil and Chile on behalf of Cainiao, ...
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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 ...
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News
Atlas Air and Cainiao expand partnership
Atlas Air and Alibaba logistics arm Cainiao Network will add a B747-8 freighter on routes between China and the Americas in the second quarter of 2022.The new long-term agreement of the strategic partners will see the freighter enter service for Cainiao, linking China with the US, Brazil and Chile.“We are ...
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NewsAtlas Air strikes charter agreement with Kuehne+Nagel
Photo: Atlas Air WorldwideAtlas Air will operate two new Boeing 747-8 freighters on a global basis for freight forwarder Kuehne+Nagel (K+N) in a long-term, dedicated charter agreement.The US-based freighter lessor will operate the aircraft for K+N following their delivery from airframer Boeing, with one expected in the third quarter and ...
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News
Atlas Air and Flexport expand partnership
Atlas Air will expand its charter partnership with freight forwarder Flexport to add a third Boeing 747-400 freighter from September.This long-term charter agreement will broaden Flexport’s network of dedicated freighters to include service from Asia to Los Angeles (LAX), Miami (MIA) and soon, Chicago (ORD).The additional freighter will increase Flexport’s ...
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NewsAtlas Air extends agreement with SF Group
Photo: Atlas AirAtlas Air has announced the extension of a long-term aircraft transportation services agreement to operate a Boeing 747-400 freighter for SF Group between China and the US.The agreement, which has been in place since 2018, enhances the operating capability and global network of the China-headquartered express service provider ...
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NewsAirlines cancel US flights despite 5G delay
Credit: ShutterstockAirlines have been cancelling US services over concerns about the roll out of 5G networks despite mobile firms delaying their plans around airports for two weeks.Yesterday, US telecommunications firms AT&T and Verizon said they would delay the implementation of their c-band 5G networks for two weeks around certain US ...
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InsightsLatin America: Belly rebound struggles to catch up with cargo demand
While cargo demand to and from the Latam region continues to recover, passenger services - and therefore belly capacity - are only recently starting to increase, keeping the pressure on supply chains, writes Ian Putzger.After a lengthy hiatus in low gear, airlines are ramping up passenger flights in Latin America ...
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News
Atlas Air completes operating certificate merger with Southern Air
Freighter lessor Atlas Air Worldwide Holdings (AAWW) has brought the operations of Southern Air, acquired in 2016, under a Single Operating Certificate (SOC) with Atlas Air, its freighter operating subsidiary.With the addition of Southern Air, Atlas Air was able to add Boeing 777 and Boeing 737 aircraft operating platforms, resulting ...
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News
Cainiao ramps up Latam freighter flights with Atlas
Cainiao Network - the logistics arm of e-commerce firm Alibaba - is extending its partnership with Atlas Air as it looks to cater for growing demand in the Latin America region.The two companies announced a partnership on three flights per week between Hong Kong, Brazil and Chile last year but ...
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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 ...
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NewsDSV adds B747F US-Brazil flights for 'red hot' market
Source: DSVDSV is continuing to expand its airfreight operation with a new flight from the US to Brazil on the back of rising demand.The forwarder has teamed up with Atlas Air to offer a B747-400 freighter flight from Miami International (MIA) to Sao Paolo VCP under a 12-month agreement.The service ...
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News
Atlas Air enters into B747F ACMI agreement with FedEx
Atlas Air Inc, a subsidiary of Atlas Air Worldwide Holdings, has entered into an aircraft, crew, maintenance and insurance (ACMI) agreement with FedEx.Under the terms of the agreement, two of Atlas' Boeing 747-400 freighters have entered into service and are flying on behalf of FedEx, on an ACMI basis, to ...
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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 ...
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News
Atlas Air and DHL Express extend freighter agreements
Atlas Air has entered into contract extensions with DHL Express that will see it continuing to operate 20 freighter aircraft to support the forwarders’ “fast-growing” express and e-commerce markets.Under the extended agreements, Atlas Air will continue to operate four different aircraft for DHL Express, including: six Boeing 747-8 freighters; two ...
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Atlas Air Worldwide and pilots complete contract talks after five years
Atlas Air Worldwide and pilots at subsidiary airlines Southern Air and Atlas Air have completed a new joint collective bargaining agreement (JCBA) after more than five years of negotiations.The airline and International Brotherhood of Teamsters (IBT) union have been in talks over merging Atlas Air and Southern Air pilots onto ...
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NewsAmazon Air continues to expand US freighter network
Amazon Air's flight activity increased by more than 17% over the last six months as the e-commerce giant continued to expand its fleet and network, according to a new report from the Chaddick Institute for Metropolitan Development.The report, written by Joseph Schwieterman, Borja González, Mitchell Hirst and Abby Mader, shows ...