All Atlas Air Worldwide Articles – Page 3
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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. ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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, ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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News
Atlas Air and ANA to code share on the transpacific
Atlas Air and All Nippon Airways (ANA) will launch a code share partnership on flights across the transpacific in October.Regulatory filings show that Atlas received approval for the partnership on September 28, with a launch date set for tomorrow (October 2)."Atlas Air, Inc. hereby requests a blanket statement of authorization ...
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News
Forwarder and shipper charter deals propel Atlas Air in Q2
Atlas Air Worldwide Holdings saw its operating revenues and income increase during the second quarter of the year as forwarders and shippers looked to secure freighter capacity through charter deals with the firm.The New York-headquartered lessor reported second quarter operating revenues of $825.2m — up 24.3% on year earlier — ...
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Atlas Air sees share price soar as investors circle
Atlas Air Worldwide Holdings has seen its share price increase rapidly since the start of the year as investors look to benefit from the ongoing capacity crunch.New York-headquartered Atlas Air Worldwide Holdings has seen its share price on the NASDAQ exchange double from $27.73 on January 2 to $55.72 as ...
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News
NTSB releases Atlas Air freighter crash findings
The National Transportation Safety Board (NTSB) has found that Atlas Air flight 3591 crashed outside Houston in 2019 after the first officer, due partly to sensory illusion, improperly reacted to inadvertent activation of the aircraft’s go-around mode.The NTSB, in conclusions released July 14, also cites first officer airmanship deficiencies and ...
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News
Atlas Air revives parked freighters as Covid-19 boosts demand
Atlas Air Worldwide has responded to increased airfreight demand over the last few months — a knock-on effect of the coronavirus pandemic — by bringing three of its Boeing 747 converted freighters, which had been parked, back into service.The lessor is also operating one of its Boeing 777 freighters that ...
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NewsAtlas Air boosts relief efforts in fight against Covid-19
Atlas Air Worldwide has been supporting the US President's Coronavirus Task Force, the Federal Emergency Management Agency (FEMA), Flexport.org’s Frontline Responders Fund and global companies around the world.In support of the White House’s Project Airbridge, funded by the Federal Emergency Management Agency (FEMA), Atlas Air Worldwide arranged several charters to ...
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News
Former Atlas CEO Flynn scoops Amtrak top job
Former chief executive of Atlas Air Worldwide Bill Flynn has landed the top job at North American rail firm Amtrak.Flynn will take over as chief executive and president on April 15, succeeding former Delta Air Lines chief executive Richard Anderson, who joined Amtrak in July 2017 on a three-year contract.Flynn ...
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Atlas Air expects China demand surge over coming weeks
Atlas Air Worldwide is expecting a surge in cargo over the coming weeks as Chinese factories continue to return to full operation following the extended Chinese New Year holiday closure.Speaking shortly after announcing its fourth quarter results, chairman and chief executive John Dietrich said that the group was getting a ...
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