All Atlas Air Articles – Page 8
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News
Atlas Air's net income drops to $21million in Q2
ATLAS AIR’S net income plummeted by a third from US$31.2 million in the second quarter of 2012 to $21million in the second quarter of this year.Quarterly revenue for the USA-based cargo and passenger charter airline was $403.6 million in total, down from $424.7 million in the same quarter last year.However, ...
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Etihad Cargo and Atlas Air's round-the-world freighter service
ETIHAD CARGO and Atlas Air Worldwide have joined forces to operate a round-the-world freighter route.The service connects Etihad’s Abu Dhabi hub with destinations in Asia, the USA, South America and Europe.Kevin Knight, Etihad Airways’ chief strategy and planning officer, enthuses: “Etihad Cargo is reinforcing its position as a global operator ...
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Atlas Air Worldwide expects “record year”
ATLAS Air Worldwide Holdings (AAWH) announced increased revenues and earnings for the third quarter of 2010, reflecting improving commercial airfreight demand; better supply of wide-body, long-haul freighter aircraft; continued high ACMI aircraft utilisation; and an increase in commercial charter volumes and rates.The company revealed its net income rose 130 per ...
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Whistleblower sues Atlas Air for unfair dismissal
A FORMER Atlas Air executive is suing the airfreight company for allegedly being fired after he complained about illegal practices.Todd Andaya, former project managing director, said the company dismissed him in November last year when he said the company’s financial irregularities “violate federal and state law and constitutes fraud upon ...
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Atlas Air starts Dreamlifter services
ATLAS Air has launched its Dreamlifter service for Boeing. This follows the previously announced nine-year agreement that abruptly took the contract away from Evergreen.The Dreamlifter aircraft have been specially modified by Boeing to transport major assemblies for its 787 Dreamliner from suppliers around the world to Boeing production facilities in ...
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Atlas Air wins 747-8F funding
ATLAS Air Worldwide Holdings (AAWW) has secured the finances to buy the final nine of 12 747-8 freighters scheduled for delivery between early 2011 and 2013.“We are very pleased to secure the financing for the remainder of our 747-8 deliveries," said Jason Grant, AAWW’s senior vice-president and chief financial officer.“Although ...
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Atlas Air promotes Jason Grant
ATLAS Air Worldwide Holdings has promoted Jason Grant (right) to senior vice-president, network planning and business development. Grant was previously the vice-president of continuous improvement.Grant, who will report to William Flynn, president and chief executive officer of Atlas, will work on identifying and implementing initiatives to drive earnings through network ...
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Atlas Air confounds critics of ACMI model
CRITICS of the ACMI model have often predicted that the global recession would have a devastating affect on the sector, as airlines pull out of contracts and retrench freighter operations that are currently, almost universally, unprofitable.However, Atlas Air seems to have confounded its critics by posting impressive Q3 results and ...