Tag Archives: Boeing 747-200

Atlas Air Worldwide Holdings reports 2Q earnings of $32.7 million

Atlas Air Worldwide Holdings (New York-JFK) for the three months ended June 30, 2010, AAWWโ€™s net income increased 188% to $32.7 million, or $1.25 per diluted share, on revenues of $356.2 million and pretax earnings of $61.7 million. Solid operating and financial results for the quarter compared with net income of $11.3 million, or $0.54 per share, on revenues of $240.0 million and pretax earnings of $17.8 million for the three months ended June 30, 2009.

Excluding one-time items, adjusted net income in the second quarter of 2010 increased 319% to $47.5 million, or $1.82 per share, compared with $11.3 million, or $0.54 per share, in the second quarter of 2009. Pretax earnings in the second quarter of 2010 included a net expense of $16.2 million for anticipated legal settlements, as well as a $2.2 million gain on disposal of aircraft assets. There were no one-time items in the second quarter of 2009.

Copyright Photo: Michael B. Ing. Atlas Air’s Boeing 747-2D7B (SF) N522MC (msn 21783) climbs majestically at Anchorage.

Northwest Airlines agrees to price fixing

Northwest Airlines-NWA (Minneapolis/St. Paul), now merged into Delta Air Lines (Atlanta), has agreed to plead guilty and pay a $38 million fine for conspiring to fix cargo prices according to this report by Reuters.

Read the full report:

CLICK HERE

Copyright Photo: Michael B. Ing. Now gone, NWA Cargo’s Boeing 747-251B (F) N632NW (msn 23112) climbs gracefully at Anchorage.

Evergreen International has a tentative agreement with its flight crews

Evergreen International Airlines (Marana) crewmembers, represented by the Air Line Pilots Association, Intโ€™l (ALPA) reached a tentative agreement that will result in a new contract if ratified by the crewmembers. Mediated contract talks ended on April 16 when the pilotsโ€™ negotiating committee achieved the tentative agreement with their management.

Read the full press release:

http://finance.yahoo.com/news/Evergreen-International-bw-2733102393.html?x=0&.v=1

Copyright Photo: Jay Selman. Boeing 747-230F N490EV (msn 24138) prepares to land at New York (JFK).

Hellenic Imperial Airways to start Athens-Johannesburg scheduled flights

Hellenic Imperial Airways (Athens) in December 2009 was awarded route authority to fly from Athens International Airport to Beirut Rafic Hariri International Airport, Dubai International Airport, and Johannesburg International Airport as the Hellenic Civil Aviation Authority redistributed the rights of some former Olympic Airlines routes as stipulated by the European Union. Hellenic Imperial will start scheduled Boeing 747 operations on the Athens-Johannesburg route on June 8, 2010.

Copyright Photo: Rob Skinkis. Ex-Lufthansa Boeing 747-230B SX-DIE (msn 23509) (the registration was later changed!) arrives at Manchester still painted in the basic LH color scheme.