Latest news from Heavy Lift & Project Forwarding International Magazine

Atlas Air posts third quarter loss

November 3 - Atlas Air Worldwide Holdings posted a loss from continuing operations in the third quarter of 2016, which it attributed to "nondeductible expenses triggered by shareholder approval of warrants granted to Amazon".

The US headquartered airline posted a loss from continuing operations of USD7.5 million for the third quarter of 2016, compared with a loss from continuing operations of USD12.8 million for the same period of 2015.

On an adjusted basis, income from continuing operations in the reporting period totalled USD27.4 million, compared with USD30.7 million in 2015.

William J. Flynn, president and ceo of Atlas Air, commented: "We placed our first aircraft into service for Amazon in August, and we moved forward with preparations to ramp up to 20 by the end of 2018. We also made significant progress toward integrating Southern Air and the two new operating platforms that it adds."

He added that results in the company's charter business reflected an increase in military cargo and passenger demand.

"We expect peak-season demand to be solid and accompanied by a seasonal improvement in commercial airfreight yields," Flynn continued.

 

 

www.atlasair.com

Heavy Lift | News

Altius completes Chile shipment thumbnail image

Altius completes Chile shipment

May 26 - Altius has transported two pieces of oversized cargo from Antwerp in Belgium to Mantos Blancos, Chile.
Views: 136
Steel cut for Voltaire thumbnail image

Steel cut for Voltaire

May 26 - The construction of Jan De Nul’s offshore jack-up installation vessel Voltaire has kicked off at the Cosco Shipping Shipyard (Nantong) in China with a steel cutting ceremony.
Views: 115

Heavy Lift Across The World

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