About Atlas Air, Inc.

Atlas carried the weight of the world; Atlas Air Worldwide Holdings (AAWW) carries the freight of the world. The company leases cargo planes to customers, mainly airlines, under long-term ACMI (aircraft, crew, maintenance, and insurance) contracts. AAWW operates the world’s largest fleet of Boeing 747 freighters and offers its customers a broad array of 747, 777, 767, 757, and 737 aircraft for domestic, regional, and international cargo and passenger applications. It also offers dry leasing (aircraft and engines only) via its Titan division. In addition, affiliates Atlas Air and 51% owned Polar Air Cargo provide charter services to charter brokers, freight forwarders, airlines, and the US military.

Operations

AAWW is the parent company of Atlas Air, Southern Air Holdings, and Titan Aviation Holdings. It is also the majority shareholder of Polar Air Cargo Worldwide. Through these businesses, AAWW operates the world's largest fleet of Boeing 747 freighter aircraft and offers customers the use of 747, 777, 767, 757, and 737 aircraft for domestic, regional, and international applications.

Its business is divided across three operating segments: ACMI (aircraft, crew, maintenance, and insurance), charter, and dry leasing.

Geographic Reach

AAWW provides global services with operations in Africa, Asia, Australia, Europe, the Middle East, North America, and South America operating more than 28,200 flights, serving 432 destinations in 123 countries.

Sales and Marketing

The company markets directly to other airlines and logistics companies, through regional sales offices in various locations, including Hong Kong, Singapore, Europe, Africa, the Middle East, the UK, the US, and the Asia Pacific regions. It also markets cargo and passenger charter services to charter brokers, the US military, freight forwarders, direct shippers, and airlines.

Financial Performance

AAWW has enjoyed unprecedented revenue growth over the last few years, with revenues peaking at a record-setting $1.84 billion in 2016. The historic growth was driven by a 6% spike in ACMI revenue due to increased flying from its Southern Air acquisition. This was offset by decreases from charter (3%) and dry leasing (1%) revenue.

In addition to revenue, AAWW's profits skyrocketed from $7 million in 2015 to $42 million in 2016 mainly due to the absence of additional debt expenses it incurred the previous year. Despite this profit growth, AAWW's cash flow from operating activities declined from $373 million in 2015 to $232 million in 2016 largely due to a US class action settlement payment and additional transaction-related expenses.

Strategy

AAWW in 2016 expanded its CMI (crew, maintenance, and insurance) and dry leasing services through the acquisition of Southern Air, a carrier that operates five Boeing 777-200Fs and five 737-400Fs under agreements with DHL Express. AAWW paid $105 million for Southern Air.

Also in 2016, AAWW partnered with online retail giant Amazon to provide air cargo services to support Amazon's package deliveries to its customers. It is providing CMI operations for seven years (with extension provisions for a total term of 10 years) and dry leasing services with a term of 10 years. Both operations are projected to ramp up to full service through 2018.

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Atlas Air, Inc.

2000 Westchester Ave
Purchase, NY 10577-2543
Phone: 1 (914) 701-8000

Stats

  • Employer Type: Public
  • Vice President Human Resources: William S Allen
  • President and Chief Executive Officer, Atlas Air Worldwide: William J Flynn
  • Director: Irene Louth
  • Employees: 1,200

Major Office Locations

  • Purchase, NY

Other Locations

  • Anchorage, AK
  • Huntsville, AL
  • Los Angeles, CA
  • Washington, DC
  • New Castle, DE
  • Miami, FL
  • Woodstock, GA
  • North Charleston, SC
  • Humble, TX
  • Lima, Peru
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