Atlas Air, DHL Express extend agreements for 20 freighters

Atlas Air, Inc., announced it has entered into contract extensions with DHL Express to continue operating 20 freighter aircraft in support of their fast-growing express and e-commerce markets.These agreements build on the strategic partnership between Atlas Air Worldwide and DHL, which began in 2008 and included DHL acquiring 49% of AAWW’s subsidiary, Polar Air Cargo, as well as a long-term agreement for six dedicated 747-400Fs to operate on key Trans-Pacific ... [+]

Company Pushes Back Arbitration

Atlas Air pilots face yet another delay in their five year-long struggle to secure a new collective bargaining agreement with the airline. A contract arbitration ruling, which most recently was expected to be issued in June, now likely won't come until August as pilot negotiators report that the company is ... [+]

Atlas Air Worldwide Reports Strong First-Quarter 2021 Results

Atlas Air Worldwide Holdings, Inc. announced first-quarter 2021 net income of $89.9 million, compared with $23.4 million in the first quarter of 2020. On an adjusted basis, EBITDA rose to $181.3 million in the first quarter of 2021 compared with $121.2 million in the prior-year period. Adjusted net income ... [+]

Atlas Air Worldwide to Expand in New York

Atlas Air Worldwide Holdings, Inc. recently announced the renewal and extension of its corporate headquarters lease in Purchase, N.Y. Atlas’ plans in New York include creating 100 additional jobs and enhancing headquarters offices to accommodate its growing employee base and strategic business growth. Empire State Development Acting Commissioner and President & ... [+]

Atlas Air Worldwide to Expand in Kentucky

Atlas Air Worldwide Holdings, Inc. announced it will 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 support its growing global operations. ... [+]

Atlas Air makes Asia appointments

Atlas Air, Inc. has appointed Alvin Tay as Vice President Sales and Marketing for the Asia-Pacific region. Starting in March 2018, Alvin will lead the sales and marketing team in Asia-Pacific and manage all commercial activities in the region. He will be based in Hong Kong and will report to ... [+]

Atlas Air, Polar Air Cargo Granted Preliminary Injunction

Atlas Air, Inc. and Polar Air Cargo Worldwide, Inc., subsidiaries of Atlas Air Worldwide Holdings learned on November 30 that their request for a preliminary injunction against the International Brotherhood of Teamsters, the International Brotherhood of Teamsters, Airline Division, and Local Union No. 1224 (collectively, the “IBT”) has been granted. The ... [+]

Atlas Air Worldwide Board of Directors Elects Robert F. Agnew as Chairman

Atlas Air Worldwide Holdings, Inc. has elected Robert F. Agnew as chairman of the company’s board of directors. Mr. Agnew is president and chief executive officer of Morten Beyer & Agnew, an international aviation consulting firm experienced in the financial modeling and technical due diligence of airlines and aircraft funding. ... [+]

Atlas Air Worldwide Announces New Contract with FedEx

Atlas Air Worldwide Holdings, Inc. announces that it has entered into a five-year agreement with FedEx Express to provide it with five 747-400 freighter aircraft for peak flying seasons beginning in 2017 and lasting through 2021. Peak season flying generally occurs in the month of December and potentially earlier. An ... [+]

Atlas Air to Provide Services to Amazon

Per its May 5 press release, Atlas Air Worldwide Holdings, Inc. will be providing air cargo services to support Amazon’s package deliveries to its customers. The new agreements are expected to be meaningfully accretive to Atlas Air Worldwide’s earnings and cash flows over time. “We are excited to begin a strategic ... [+]

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