Tag Archives: Atlas Air

Atlas Air to operate two Boeing 747-8F freighters for QANTAS Freight

QANTAS Airways has made this announcement:

QANTAS Freight has welcomed a new addition to its fleet with the first of two Boeing 747-8F freighter aircraft touching down in Sydney today.

The next generation freighters will be operated by Atlas Air, on behalf of QANTAS. Each aircraft offers 20 percent more freight capacity and space for seven extra cargo pallets compared to the 747-400F.

The two freighters will operate between Australia, China and the USA with additional routes currently being explored. The second 747-8F aircraft will enter service later this week.

While the aircraft will be painted in Atlas Air livery, the QANTAS Freight logo will be displayed on either side of the nose and underneath the freighters’ nose cargo door.

The 747-8’s iconic nose door allows easier loading of oversized cargo and helps achieve faster turnaround times.

The arrival of the new aircraft follows QANTAS Freight’s announced of a new seven-year agreement with Australia Post to enhance the domestic network. The new agreement, worth more than $1 billion, also paves the way for up to three A321 passenger to freighter aircraft join the fleet from October 2020.

Atlas Air Boeing 767-300F flight 5Y 3591 with N1217A crashes on approach to Houston (IAH)

Atlas Air Boeing 767-375 ER N1217A (see below) has crashed into Trinity Bay near Houston. The freighter was en route from Miami to Houston (IAH) as flight 5Y 3591 when it went into a steep dive. The aircraft was being operated for Amazon Prime Air. There were three crew members on board. There are no survivors according to the Chambers County Sheriff.

The aircraft crashed before 12:45 pm CT according to the FAA. There was no distress call to the FAA ATC.

Human remains has now been located at the site.

Atlas Air Worldwide issued this statement:

As was previously reported Atlas Air flight 3591 was involved in an accident earlier today. Three people were on board at the time.

At this stage a search investigation is underway.  In the meantime, we are providing all possible information to the families and loved ones of those on board.

The flight from Miami to Houston was a cargo flight operated by Atlas Air on behalf of Amazon.

We have activated our emergency response plans and we will be sending a specialist team to the crash site.

Everyone within the company is deeply saddened by this event. Our main priority at this time is caring for those affected and we will ensure we do all we can to support them now and in the days and weeks to come. We  have a call center available for media inquiries the number is + 1 407 205 1814.

We are now working with the emergency services and other agencies to establish the circumstances around exactly what happened. Further updates will be available on our website.

Here is the statement from the FAA:

There was a line of thunderstorms in front of the aircraft as it approached IAH.

The Chambers County Sheriff’s Office made this announcement:

The plane has been located in Jack’s Pocket at the north end of Trinity Bay.

More from Channel 2 in Houston: CLICK HERE

More from KHOU11: CLICK HERE

Below Copyright Photo: Prime Air (Atlas Air) Boeing 767-375 ER (F) WL N1217A (msn 25865) ONT (Arnd Wolf). Image: 945755.

Crashed on approach to Houston (IAH) on February 23, 2019

Video:

Atlas Air to operate a Boeing 747-400F for SF Express

Atlas Air Boeing 747-45EF N485MC (msn 30607) HHN (Rainer Bexten). Image: 942851.

Atlas Air Worldwide Holdings, Inc. has announced that its Atlas Air, Inc. unit has entered into an aircraft transportation services agreement to operate a Boeing 747-400 Freighter for SF Express, China’s leading express service provider, to enhance operating capability between China and the United States.

Atlas Air will operate the aircraft on behalf of SF Express on key global routes across the fast-growing transpacific market, connecting China with the United States. The aircraft is an incremental unit in Atlas Air’s fleet in response to customer demand and will enter into service in October 2018.

Top Copyright Photo (all others by Atlas Air): Atlas Air Boeing 747-45EF N485MC (msn 30607) HHN (Rainer Bexten). Image: 942851.

Atlas Air aircraft slide show:

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Atlas Air Worldwide announces guaranteed interview program for pilots at GoJet Airlines

Atlas Air Worldwide Holdings, Inc. today said that its Atlas Air, Inc. unit and GoJet Airlines have entered an agreement guaranteeing GoJet pilots an interview with Atlas after as little as one to two years of service. First Officers with military flying experience will be eligible to interview with Atlas after just one year of service at GoJet, while all other pilots will be eligible to interview after a minimum of two years of service.

The world’s largest operator of modern Boeing 747 all-cargo aircraft, Atlas Air Worldwide is widely recognized as a leading global provider of outsourced aircraft and aviation operating services. With a focus on express, e-commerce and fast-growing markets, the company is in an era of significant business growth and development, with opportunities to expand its cargo and passenger operations with existing customers and with new ones.

“This agreement opens the door for GoJet pilots to potentially fly the Boeing 747 or 767, among the most storied aircraft in aviation history,” added GoJet Director of Flight Operations Randy Bratcher. “The opportunity to join the Atlas team and operate big Boeings all over the world is a very attractive career move for our pilots.”

Current GoJet pilots with the requisite time in service may immediately opt-in to the Atlas guaranteed interview program, while new GoJet pilots may do so as soon as time-in-service requirements are met.

With GoJet mentoring and a guaranteed interview, pilots invited to join Atlas can look forward to advancing their careers with a growing global air carrier, the opportunity to fly wide-body Boeing aircraft, and airline transportation to and from their base.

All photos by Atlas Air and GoJet Airlines.

Atlas Air Worldwide reports record fourth quarter results, strong outlook for 2018, will add four more Boeing 747-400s

Airline Color Scheme - Introduced 2000

Atlas Air Worldwide Holdings, Inc. has announced record fourth quarter and full-year 2017 revenue, record fourth-quarter earnings and robust full-year earnings growth, and a continued strong outlook in 2018.

“2017 was an exciting year for Atlas and we expect that to continue in 2018,” said President and Chief Executive Officer William J. Flynn.

“The strategic initiatives that we have put in place over many years have transformed our company. Our focus on express, e-commerce and fast-growing Asian markets has broadened our customer base and fleet. As a result, we were well-positioned to capitalize on market dynamics and deliver fourth-quarter and full-year volumes, revenues, EBITDA and net income that grew sharply compared to the prior-year.

“In addition, our fourth quarter and full-year results benefited from the passage of the U.S. Tax Cuts and Jobs Act in late December, which generated a significant gain related to the revaluation of our net deferred tax liabilities.

“We expect the new tax legislation to have a positive impact on economic activity and corporate growth. On passage of the law, we were pleased to provide a one-time bonus of $1,000 to our global personnel in recognition of their hard work and commitment to the company’s growth.”

Turning to 2018 and beyond, Mr. Flynn stated: “We are operating in a strong airfreight environment, underpinned by global economic growth.

“We see tremendous opportunity for continued growth in the express and e-commerce markets, fueled by a bourgeoning middle class with higher levels of disposable income. Further globalization will require expansive and time-definite air networks to facilitate the international flow of goods.

“From a regional perspective, we believe Asia is key. It is an important geography to global trade, the source of 40% of global airfreight demand, and the main contributor to the expanding global middle class.

“In addition to the demand we are seeing for our aircraft and services, we are capitalizing on the quality, scale and scope of our operations to drive our revenues and earnings to greater levels. As a result, we expect our adjusted net income to grow by a mid-twenty-percent level in 2018 compared with 2017, including the benefit of a lower corporate income tax rate.

“By comparison, even without any benefit from tax reform, we would have expected our 2018 adjusted net income to grow by a teens percentage.”

Fourth-Quarter Results

Volumes in the fourth quarter of 2017 increased 18% to 71,563 block hours, with revenue growing 19% to a record $628.0 million.

Reported income from continuing operations, net of taxes, during the period totaled $209.5 million, or $6.71 per diluted share, compared with $28.7 million, or $1.12 per diluted share, in the fourth quarter of 2016. Reported results for the latest quarter included a $130.0 million benefit related to the revaluation of our deferred tax liabilities as well as an unrealized gain on outstanding warrants of $23.7 million. Results in the year-ago period included an unrealized loss of $27.9 million on outstanding warrants.

On an adjusted basis, income from continuing operations, net of taxes, in the fourth quarter of 2017 increased 13% to a record $66.6 million, or $2.43 per diluted share, from adjusted income of $59.0 million, or $2.24 per diluted share, in the year-ago quarter. EBITDA, as adjusted, increased 14% to $162.7 million.

Record ACMI segment revenues and contribution in the fourth quarter of 2017 were primarily driven by significant growth in block-hour volumes, partially offset by higher line maintenance and labor-related operational disruptions. Block-hour growth during the period reflected 747-400 flying for several new customers, 747-8 flying for Cathay Pacific Cargo, additional seasonal flying for express operators, and the ramp-up of 767-300 operations for Amazon. Five new 767-300s were placed in service for Amazon during the quarter, raising the current number to 12, in line with our expectations when we began ramping up this new service in 2016 and in line with our expectations for a total of 20 aircraft by the end of 2018.

Prime Air (Atlas Air) Boeing 767-36N ER (F) N1093A (msn 30111) ONT (Michael B. Ing). Image: 937468.

Above Copyright Photo: Prime Air (Atlas Air) Boeing 767-36N ER (F) N1093A (msn 30111) ONT (Michael B. Ing). Image: 937468.

Prime Air-Atlas Air aircraft slide show:

Higher Charter segment contribution during the period was primarily driven by an increase in commercial yields, partially offset by higher maintenance costs, the redeployment of 747-8 and 747-400 aircraft to the ACMI segment, and labor-related operational disruptions. Higher average rates during the quarter primarily reflected the impact of strong commercial yields.

In Dry Leasing, higher segment contribution primarily reflected a reduction in interest expense due to the scheduled repayment of debt related to dry leased 777 aircraft and the placement of additional 767-300 converted aircraft.

Reported earnings in the fourth quarter of 2017 also included an effective income tax benefit rate of 95.7%, due mainly to the revaluation of our deferred tax liabilities as a result of the Tax Cuts and Jobs Act. On an adjusted basis, our results reflected an effective income tax rate of 31.4%.

Full-Year Results

Volumes in 2017 increased 20% to 252,802 block hours, with revenue growing 17% to a record $2.16 billion.

For the twelve months ended December 31, 2017, our continuing operations generated income of $224.3 million, or $8.68 per diluted share, which included the $130.0 million benefit related to the revaluation of our deferred tax liabilities, partially offset by an unrealized loss on financial instruments of $12.5 million related to outstanding warrants. For the twelve months ended December 31, 2016, our income from continuing operations totaled $42.6 million, or $1.70 per diluted share, including the negative impacts of transaction-related expenses and warrant accounting totaling $25.0 million.

On an adjusted basis, income from continuing operations in 2017 increased 17% to $133.7 million, or $4.93 per diluted share, compared with $114.3 million, or $4.50 per diluted share, in 2016. EBITDA, as adjusted, rose 12% to $428.6 million.

Reported earnings in 2017 also included an effective income tax benefit rate of 56.5%, due mainly to the revaluation of our deferred tax liabilities as a result of the Tax Cuts and Jobs Act. On an adjusted basis, our results reflected an effective income tax rate of 28.4%.

Cash and Short-Term Investments

At December 31, 2017, our cash, cash equivalents, short-term investments and restricted cash totaled $305.5 million, compared with $142.6 million at December 31, 2016.

The change in position resulted from cash provided by operating and financing activities, partially offset by cash used for investing activities.

Net cash provided by financing activities during 2017 primarily reflected proceeds from our issuance of convertible notes and our financings of 767-300 aircraft, partially offset by payments on debt obligations. During the fourth quarter of 2017, we completed the financings of six additional 767-300 aircraft, which generated cash of $145.8 million.

Net cash used for investing activities during 2017 primarily related to capital expenditures and payments for flight equipment and modifications, including the acquisition of 767-300 aircraft to be converted to freighter configuration, spare engines and GEnx engine performance upgrade kits.

2018 Outlook

We expect to report strong earnings growth in 2018.

We begin 2018 with solid demand from our customers for our aircraft and services. With the essential building blocks we have set in place, we see opportunities to grow with existing customers and to add new ones.

Globally, economic activity is expanding. The airfreight market is strong, and airfreight tonnage continues to grow from record levels.

As a result, we expect significant growth in our volumes, revenue and adjusted EBITDA in 2018. We see volumes rising to around 300,000 block hours, revenue growing to approximately $2.5 billion, and adjusted EBITDA of about $500 million.

We anticipate that our full-year 2018 adjusted net income will grow by a mid-twenty-percent level compared with 2017, including the benefit of tax reform. Without tax reform, we would have expected our adjusted net income to grow by a teens percentage this year. We expect our full-year 2018 adjusted income tax rate to be approximately 17%.

Given the inherent seasonality of airfreight demand, we anticipate that results in 2018 will reflect historical patterns, with more than 70% of our adjusted net income occurring in the second half. In addition, we expect adjusted EBITDA of approximately $90 million in the first quarter of 2018, and adjusted net income to be approximately double adjusted net income of $8.3 million in the first quarter of 2017.

For the full year, we anticipate total block hours will increase approximately 19% compared with 2017, with about 75% of our hours in ACMI and the balance in Charter. To meet the anticipated increase in ACMI and Charter demand, we have entered into operating leases for six Boeing 747-400 freighter aircraft. Two of these aircraft entered service in the third quarter and fourth quarter of 2017; four will enter service throughout 2018.

Aircraft maintenance expense in 2018 is expected to total approximately $315 million, mainly reflecting an increase in daily line maintenance due to the anticipated growth in block hours. Depreciation and amortization is expected to total approximately $220 million. In addition, core capital expenditures, which exclude aircraft and engine purchases, are expected to total approximately $100 to $110 million, mainly for parts and components for our fleet.

Top Copyright Photo: Atlas Air Boeing 747-47UF N415MC (msn 32837) ANC (Michael B. Ing). Image: 925067.

Atlas Air aircraft slide show:

Atlas Air and Polar Air Cargo are granted an injunction against its pilots

Prime Air (Atlas Air) Boeing 767-306 ER (F) N1321A (msn 27957) ONT (Michael B. Ing). Image: 939323.

Atlas Air has issued this statement:

Atlas Air, Inc. and Polar Air Cargo Worldwide, Inc., subsidiaries of Atlas Air Worldwide Holdings, have learned 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 has been granted.

The decision by the U.S. District Court for the District of Columbia requires the IBT to meet its obligations under the Railway Labor Act and stop its illegal and intentional work slowdown.

In granting the Company’s request, the Court further ordered the IBT to take affirmative action to prevent and to refrain from continuing any form of interference with the Company’s operations or any other concerted refusal to perform normal pilot operations consistent with the status quo, in violation of the RLA.

The Company continues to negotiate with the IBT for a joint contract for Atlas and Southern Air crewmembers in connection with the pending merger. The Company remains committed to completing the bargaining process in a timely manner and in the best interests of all parties.

Copyright Photo: Atlas Air is operating for Amazon’s Prime Air. Prime Air (Atlas Air) Boeing 767-306 ER (F) N1321A (msn 27957) ONT (Michael B. Ing). Image: 939323.

Prime Air:

JetBlue and Atlas Air send more than 110 tons of supplies to assist in the recovery efforts in Puerto Rico

"Fewer Delays. Faster Flights. ontimeflights.org" sub-titles

JetBlue Airways (New York), the largest airline in Puerto Rico, in partnership with Atlas Air Worldwide, has transported more than 110 tons of much needed supplies to Puerto Rico to aid in relief and recovery efforts. JetBlue previously outlined its 100x35JetBlue commitment to launch 35 initiatives over 100 days – and beyond to support the immediate needs of crewmembers, customers, and communities in Puerto Rico.

As part of this initiative, JetBlue has collected generous donations from a variety of like-minded organizations including Food Bank For New York City, American Red Cross and the Afya Foundation. Atlas Air graciously donated and operated a 747 cargo aircraft to get supplies from New York to San Juan. JetBlue is supporting with the logistics and the intake and hand off of donated supplies in Puerto Rico.

JetBlue and Atlas Air crewmembers load a 747 aircraft with more than 110 tons of supplies to assist ...

Photo Above: JetBlue. JetBlue and Atlas Air crewmembers load a Boeing 747 aircraft with more than 110 tons of supplies to assist in recovery efforts in Puerto Rico.

 

“We’ve been sending relief supplies to Puerto Rico since the first day flights were allowed onto the island following Hurricane Maria,” said Icema Gibbs, director corporate social responsibility, JetBlue. “The amount of donated supplies has far exceeded our expectations and has surpassed the capacities of our commercial Airbus A320 fleet. Atlas Air, a fellow New York airline, sharing our commitment to assist the people of Puerto Rico, immediately stepped up to support, offering the use of one of their 747 cargo aircraft. We thank them for their incredible assistance and care for these communities.”

“Atlas Air Worldwide is pleased to have partnered with JetBlue in this humanitarian effort,” said Bill Flynn, president and CEO, Atlas Air Worldwide. “By joining with JetBlue and donating our aircraft and crew, the supplies that have been gathered and donated by Governor Cuomo and the generous people and organizations in New York will be delivered to Puerto Rico in the quickest and most efficient way possible.”

More than 220,000 lbs. (110 tons) of donations were collected through several organizations that have the ability to distribute the supplies throughout Puerto Rico. JetBlue, Atlas Air and New York State Governor Andrew Cuomo rallied their networks to provide support. This 747 aircraft was loaded with:

  • A variety of supplies from the Governor’s Office including food and other crucial supplies.
  • Supplies from the Port Authority of New York and New Jersey to assist as San Juan’s Luis Munoz Marin Airport rebuilds its infrastructure, which will allow for more airlift and capacity into Puerto Rico’s capital.
  • Non-perishable food and critical supplies from the Food Bank For New York City to its sister food bank, Banco de Alimentos de Puerto Rico. Packages include bottled water, shelf stable food, and other needed supplies, like diapers and feminine hygiene products.
  • JetBlue and its crewmembers sending relief supplies to crewmembers and family in Puerto Rico.
  • Medical supplies from the Afya Foundation and American Red Cross

100X35 JetBlue – Honoring the popular reference to Puerto Rico’s 100×35 mile size, the effort will continue to roll out programs across the island providing airlift support, relief pricing, awareness and fundraising, people deployment, unmet needs, and rebuilding efforts.

How you can get involved – For a 100-day span, JetBlue will invite customers onboard every JetBlue flight to donate to JetBlue’s campaign at GlobalGiving benefitting hurricane impacted areas throughout the U.S. and Caribbean, with a $1 million goal. Additionally customers can also contribute at GlobalGiving.org/jetblue. JetBlue has committed to match donations to its GlobalGiving campaign dollar-for-dollar up to $500,000 through Nov. 15.

GlobalGiving will distribute the funds to non-profits making an impact in hurricane-affected areas. As JetBlue continues to serve these areas, the airline expects to adapt funding initiatives to ensure they are meeting the needs as are communicated from partners on the ground.

Top Copyright Photo: JetBlue has added “Fewer Delays. Faster Flights. ontimeflights.org” sub-titles to this Airbus A320.

JetBlue Airways: JetBlue Airways Airbus A320-232 N595JB (msn 2286) (Barcode) SFO (Mark Durbin). Image: 939445.