Latest news from Heavy Lift & Project Forwarding International Magazine

'Great year' for Atlas Air

February 19 - Atlas Air Worldwide Holdings posted an adjusted net income of USD125.3 million for the 12 months ended December 31, 2015, compared with USD93.4 million in 2014.

Atlas Air's free cash flow grew from USD247.8 million in 2014 to USD326.8 million in 2015.

"2015 was a great year," said Atlas Air president and ceo, William J. Flynn. "We grew earnings substantially, outperforming the airfreight market and delivering adjusted earnings per share of USD5.01, and we positioned Atlas for earnings growth in 2016."

Atlas Air also took actions to strengthen its fleet, adding a tenth B747-8 freighter and refinancing higher-cost debt on two existing 747-8 aircraft and five 747-400 freighters.

"We also expect to benefit from our acquisition of Southern Air Holdings, which we expect to close in the next few months," added Flynn.

Atlas Air begins 2016 with a "favourable view" about demand from its customers, expecting total block hours to increase more than 20 percent year-on-year.

Heavy Lift | News

Winners revealed at Heavy Lift Awards thumbnail image

Winners revealed at Heavy Lift Awards

October 16 - Almost 400 guests gathered at the inaugural Heavy Lift Awards ceremony last night at the Hilton Old Town hotel in Antwerp to celebrate the achievements of the heavy lift, specialised transport and project logistics sector.
Views: 1120
Marguisa teams up with NileDutch thumbnail image

Marguisa teams up with NileDutch

October 16 - Marguisa has signed an agreement with NileDutch that will see the company’s Calabar service expanded with additional port calls in the Republic of the Congo and São Tomé and Príncipe.
Views: 392
DSV warns of cuts at Panalpina thumbnail image

DSV warns of cuts at Panalpina

October 15 - Corporate functions and positions at Panalpina may be cut or relocated to DSV’s headquarters in Denmark, as the companies continue with the integration process.
Views: 914

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