atlas air

An Atlas Air Boeing 747-8 cargo plane encountered an engine malfunction shortly after takeoff, prompting an emergency landing at Miami International Airport (MIA). What Happened: The incident occurred on Thursday, as the aircraft was en route to San Juan, Puerto Rico, from Miami, reported Reuters...

Atlas Air Worldwide (NASDAQ: AAWW) said Thursday it is purchasing eight Boeing 747-400 freighters as their leases expire between this summer and the end of 2022 to ensure capacity as strong air cargo volumes collide with supply shortages. The cargo airline holding company's second-quarter revenue...

Amazon Inc (NASDAQ: AMZN) has become synonymous with disruption. It disrupted the retail space and helped usher in e-commerce, and it's done the same in the freight space, turning traditional freight delivery schedules upside down. Amazon brought two-day, one-day, and even same-day shipping to the...

Facing mounting criticism over the environmental impact of its massive e-commerce and data services operations, Amazon.com (NASDAQ: AMZN) on Tuesday announced a $2 billion investment fund focused on "sustainable and decarbonizing technologies." The newly formed Climate Pledge Fund will invest in...

DHL Express this weekend will launch a weekly freighter flight from Los Angeles International Airport to its U.K. hub at East Midlands Airport, in response to rising demand for e-commerce shipments and the lost airlift associated with the widespread grounding of passenger fleets due to the...

As expected, Amazon Inc's (NASDAQ: AMZN) newest air hub will be in San Bernardino, California, where feeder aircraft from various cities and trucks from nearby warehouses will arrive with packages to be sorted and redistributed nationwide on outbound airplanes. The San Bernardino International...

Air cargo service provider Atlas Air Worldwide (NASDAQ: AAWW) said Thursday it took a $616 million fourth-quarter charge on its fleet of Boeing 747-400 freighters, which inflated earnings by lowering rent and depreciation expense and is expected to help boost future profits. The Purchase, New York...

El Al Israel Airlines is outsourcing operation of its main freighter route between Tel Aviv and Liege, Belgium, to Atlas Air Inc. under an extended charter arrangement. Atlas, an aviation services company headquartered in Purchase, N.Y., said Tuesday it is leasing El Al a Boeing 747-400 all-cargo...

Investment firm Bain Capital Credit will invest an initial $360 million in a joint venture with Atlas Air Worldwide Holdings (NASDAQ: AAWW), a major provider of outsourced all-cargo aircraft operations and other aviation services, to lease freighter aircraft, the companies said Wednesday. Under...

A federal appeals court on Thursday upheld a lower court ruling that pilots for Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW) and Southern Air need to follow binding arbitration to resolve differences over whether each company's merger agreements applied to bargaining with the combined company...

Unionized pilots at cargo and charter airline Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW) have been authorized to form their own union local, Local 2750, under the auspices of the Teamsters union, the union said. Atlas' pilots had been part of Teamsters Local 1224. The growth of Atlas' pilot...

Amazon.com Inc. (NASDAQ: AMZN) has transferred flying responsibility for two leased Boeing 767-300 freighters from Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW) to Air Transport International, a charter airline owned by Air Transport Services Group (ATSG), Amazon and ATSG officials confirmed....

There is a chance that cargo airline Atlas Air Worldwide Holdings, Inc. (NYSE: AAWW) and its nearly 1,800 unionized pilots will hunker down around a bargaining table over the next few weeks or months and hammer out a contract to end a contract impasse well into its third year. Judging by the...

Amazon.com, Inc. (NASDAQ: AMZN) has made its move into Boeing 737-800 air freighter operations after agreeing to a seven-year lease of five of the narrow-bodied airplanes from Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW), one of its flying partners, with the possibility of adding 15 more. In...

Air cargo carrier Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW) confirmed today that three crew members perished when a Boeing 767 freighter en route to Houston from Miami crashed yesterday into the shallow waters of Trinity Bay in Anahuac, Texas, just minutes from arriving at George Bush...