Latest news from Heavy Lift & Project Forwarding International Magazine

Atlas posts profit drop

August 4 - Atlas Air Worldwide Holdings has recorded an income from continuing operations of USD20.9 million in the second quarter of 2016, compared with USD28.4 million for the three months ended June 30, 2015.

"The second quarter was one of the most important in the company's history," said Atlas Air president and ceo, William J. Flynn, referring to the airline's acquisition of Southern Air and agreement with Amazon to lease and operate 20 Boeing 767-300 freighters.

"In an otherwise challenging environment during the quarter, these historic transactions stand out. Our acquisition of Southern Air in early April and the addition of its express-focused 777 and 737 CMI services generated immediate earnings accretion in the second quarter.

"Our quarterly earnings also reflected an increase in military cargo and passenger demand but a slower pace in general commercial cargo."

Flynn noted that the acquisition of Southern Air creates more options for the airline in its market segments, and the newly established relationship with Amazon includes an opportunity for additional business.

Atlas Air recorded higher ACMI (aircraft, crew, maintenance and insurance) revenues and block hours in the second quarter of 2016, which the company attributed to its acquisition of Southern Air and increase in 747-400 flights.

www.atlasair.com

Heavy Lift | News

ESTA joins EC best practice project thumbnail image

ESTA joins EC best practice project

July 16 - The European association of abnormal road transport and mobile cranes (ESTA) has been asked to support a European Commission study to “explore health, safety and environment (HSE) best practice in the wind power sector”.
Views: 386
LDA installs kite system  thumbnail image

LDA installs kite system 

July 16 - Louis Dreyfus Armateurs (LDA) has fitted its ro-ro vessel Ville de Bordeaux with an AirSeas kite system, as it looks to develop the use of wind propulsion technologies.
Views: 364
Sarens partners with Moir Crane thumbnail image

Sarens partners with Moir Crane

July 16 - Sarens has teamed up with Canada’s Moir Crane as the two companies look to capitalise on the region’s upcoming construction projects.
Views: 404
Karl Gross teams up with Natco thumbnail image

Karl Gross teams up with Natco

July 15 - Bremen-headquartered Karl Gross Group and Natco SA have formed an exclusive partnership in South Africa.
Views: 580

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.