Tag: Atlas Air Worldwide Holdings

Atlas Air Worldwide orders four new Boeing 777 Freighters

Atlas Air Worldwide Holdings, Inc. announced today it has ordered four new Boeing 777 freighters in response to strong customer demand for dedicated international wide-body airfreight capacity, particularly in the fast-growing e-Commerce and Express markets. The first of the four new 777-200LRFs...

Atlas Air Worldwide Announces New ACMI Contract with FedEx

Atlas Air Worldwide Holdings, Inc. announced its subsidiary Atlas Air, Inc. has entered into a long-term agreement with FedEx to provide two 747-400 freighter aircraft on a full-time aircraft, crew, maintenance and insurance (ACMI) basis. This new agreement is in addition to the company’s exi...

Atlas Air Worldwide reports second-quarter 2021 results

Atlas Air Worldwide Holdings, Inc. today announced second-quarter 2021 net income of $107.1 million, or $3.53 per diluted share, compared with net income of $78.9 million, or $3.01 per diluted share, in the second quarter of 2020. On an adjusted basis, EBITDA totaled $243.7 million in the second...

EL AL Israel Airlines returns to the freighter market with Atlas deal

Atlas Air Worldwide Holdings, Inc. today announced that its Atlas Air, Inc. unit and EL AL Israel Airline Ltd. have entered into an agreement that enables EL AL to expand its reach and cargo lift for its customers. Under the terms of the ACMI (aircraft, crew, maintenance and insurance) agreement...

Atlas Air expands in New York and to create an additional 100 jobs

Atlas Air Worldwide Holdings has renewed and extended its corporate headquarters lease in Purchase, New York. The company's plans in New York include creating 100 additional jobs and enhancing headquarters offices to accommodate its growing employee base and strategic business growth. Atlas A...

Atlas Air wins arbitration ruling in pilot dispute

Atlas Air Worldwide Holdings has said that its subsidiary Atlas Air has prevailed in an arbitration between the company and the union that represents its pilots, the Airline Professionals Association, Teamsters Local 1224. Atlas said the 26 August 2019 arbitration ruling affirms the merger provi...

Qantas Freight receives first of two Boeing 747-8Fs

Qantas Freight has welcomed a new addition to its fleet with the first of two Boeing 747-8F freighter aircraft touching down in Sydney yesterday (26 August) The freighters will be operated by Atlas Air, on behalf of Qantas. Each aircraft offers 20 per cent more freight capacity and space for sev...

Atlas Air chairman Robert Agnew passes away

Atlas Air Worldwide Holdings has announced that Robert (Bob) Agnew, the chairman of the board of directors, passed away earlier this week. “Bob was a wonderful director and even finer human being,” said William J. Flynn, chief executive officer of Atlas Air Worldwide. “We are saddened by t...

Amazon Air and DHL pilots set to protest for “fair contract”

Pilots flying for Amazon Air and DHL through contracted carriers Atlas Air, Southern Air, and ABX Air are set to protest at Cincinnati/Northern Kentucky International Airport (CVG) today. The union, Airline Professionals Association (APA), Teamsters Local 1224, which represents the pilots, said ...

Atlas Air reports revenue and earnings fell below expectations

Atlas Air Worldwide has reported that its revenue and earnings fell below their targets in the second quarter with senior decision-makers blaming tariffs and trade concerns. Revenue for the three months ending 30 June 2019 came in at $663.9 million, down from the $666.1 million reported for the...

Atlas Air Worldwide to expand in Kentucky

Atlas Air Worldwide Holdings is to expand its operations in northern Kentucky to accommodate its growing workforce in the area. Atlas’ plans include a commitment to a long-term lease in a new facility in Erlanger, Kentucky, near the Cincinnati/Northern Kentucky International Airport (CVG) to ...

Atlas Air and Polar Air Cargo pilots reiterate concerns after court ruling

Atlas Air and Polar Air Cargo pilots have reiterated their concerns regarding Atlas Air Worldwide Holdings' (AAWW) "operational and staffing problems" and promise to petition for a rehearing - in the wake of the a ruling this week by the U.S. Court of Appeals. The court affirmed a federal distri...

Atlas Air pilots ordered to stop “illegal slowdown”

Atlas Air and Polar Air Cargo Worldwide - subsidiaries of Atlas Air Worldwide Holdings - today said striking pilots have been ordered to stop the "illegal shutdown". The US Court of Appeals for the District of Columbia has affirmed a federal district court ruling that ordered the International B...

William Flynn to retire as CEO of Atlas Air at the end of 2019, John Dietrich to take the helm

Atlas Air Worldwide said today that president and chief executive officer (CEO) William Flynn will retire from the company effective 1 January, 2020 and will be replaced by John Dietrich – current executive vice president (EVP) and chief operating officer (COO). On his retirement, Flynn (pictu...

Atlas Air increases service for DHL Express and adds a 3rd 747F for Asiana

Atlas Air Worldwide Holdings has announced the start of increased 777-200F CMI service for DHL Express, the addition of a third 747-400F for Asiana Cargo and the beginning of a long-term, 747-400F charter program for one of the world’s largest technology companies. DHL Express has awarded oper...

.