PRESS RELEASE Purchase, N.Y., January 27, 2022 – Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), today announced an agreement to expand its partnership with Flexport, the technology platform for global logistics, to add a third Boeing 747-400 freighter to its existing fleet beginning in September 2022. This long-term...
Atlas Air, as expected, had a rather good 2020: 2019’s losses of $293m turned into net profit of $360m – a turnaround of some $653m. Adjusted ebitda rose 67% to $844m for the full year and Atlas now has plenty of funding flexibility in a market flushed with liquidity. But perhaps the most...
PRESS RELEASE November 05, 2020 08:00 ET – Business Growth Driven by Strong Airfreight Demand – Reported Net Income of $74.1 Million – Adjusted EBITDA of $196.3 Million and Adjusted Net Income of $82.7 Million – Raising Outlook PURCHASE, N.Y., Nov. 05, 2020 (GLOBE NEWSWIRE) — Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced third-quarter 2020 net income of $74.1 million, or $2.78 per diluted share, compared with...
As Atlas Air prepares to announce (presumably strong) third-quarter results tomorrow, the increasingly bitter battle with its pilots continues – out of the view of the keen eyes of investors. Negotiations appear to have gone from worse, to even worse and worse still. At The Loadstar’s request, both parties have explained their differences – but...
Atlas Air, Kalitta Air, Western Global and Amerijet have been asked to return $631m in coronavirus funding, paid via the US Payroll Support Programme. Congressman James Clyburn, chairman of the select subcommittee on the coronavirus crisis, wrote to each chief executive asking them to demonstrate that the funds were needed to keep...
Atlas Air (AAWW) pilots, still negotiating their new contract, have complained that the airline is now ‘moving the goalposts’. The pilots claim they have provided, as ordered by a court, the seniority integration list, and negotiations have resumed – but one pilot noted on social media that “in over a four-year history...
Though it has been a trying time for the industry and in particular our employees and their families, Choice Aviation Services' team continue to do our very best to serve our customers who are still flying as they transport vital supplies where they are needed during this pandemic.
On Friday April 17th at 1809 local, Choice Aviation Services handled Atlas Air flight from Hanoi that was part of a FEMA project carrying PPE for New York front line workers, specifically for USPS workers.
Choice Aviation Services in conjunction with ASAK Solutions offloaded the shipment consisting of 38 pallets of PPE. The much needed PPE supply was for USPS workers included 7,300,500 masks desperately needed mask now in the hands of those who need it to do their work safely.
Upon arrival of the cargo, as an extra measure of protection, we had a team using an aqueous solution to disinfect all cargo as it was staged in the warehouse before our employees were allowed to start the breakdown process. With a team of 14 staff, all 14,601 boxes were processed, loaded onto 13 trucks within 9 hours and delivered to the customer.
Choice will continue to do all we can to help maintain to flow of cargo during this period while maintaining a safe working environment for our employees and our customers
– Manny Casalinho – President, Choice Aviation Services
