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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. Both companies lease and operate planes on behalf of the Amazon Air network, which the e-commerce giant launched in recent years to better meet one- and two-day delivery commitments for Prime members. ATSG spokesman Paul Cunningham confirmed in an email that ATI is getting the new business.
In 2006 Bill Flynn was appointed CEO of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW). This report will, first...
Allegiant, International Paper, Amazon, Atlas Air and Air Transport Services highlighted as Zacks Bull and Bear of the Day
Amazon is strengthening its position in India despite regulatory setbacks; investing in a leading Indonesian ecommerce company; increasing logistics capabilities in Canada; and plenty more in the U.S.
PURCHASE, N.Y., Aug. 29, 2019 -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) congratulates and thanks the United States government for its long-standing efforts to.
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 ...
Atlas Air Worldwide Holdings, Inc. (AAWW) today confirmed that its subsidiary, Atlas Air, Inc. (the “Company”), prevailed in an important arbitration between the Company and the union that represents its pilots, the Airline Professionals Association, Teamsters Local 1224 (the “Union”). The August 26, 2019 arbitration decision affirms that the merger provisions of the collective bargaining agreement (CBA) apply in connection with Atlas Air’s acquisition of Southern Air, Inc. in April 2016. It further affirms the Company’s long-standing position that the Union has been in violation of the existing CBA by refusing to follow the merger provisions for a new joint collective bargaining agreement (JCBA), and by failing to present an integrated pilot seniority list to the Company. In a separate, but related, proceeding, the Union was also found to be in violation of the Southern Air CBA for refusing to follow the merger provisions for this JCBA on behalf of the Southern Air pilots.
In a legal victory for cargo airline Atlas Air Worldwide Holdings, Inc., (NASDAQ: AAWW) an arbitrator late August 26 denied Atlas' pilots request to negotiate their next contract and instead imposed an arbitrated contract process. The award by George Nicolau, who has long experience in arbitrating airline disputes, was what Atlas sought. "In connection with Atlas Air's pending merger with Southern Air, the union need only tender the company an integrated seniority list, which would start the clock on a contractually defined period of bargaining after which any unresolved issues would be submitted" for arbitration.
PURCHASE, N.Y., Aug. 23, 2019 -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced that Robert (Bob) Agnew, the Chairman of the Board of Directors, passed away.
For the second time in four months, unionized pilots flying for cargo airlines Atlas Air Worldwide Holdings (NASDAQ: AAWW), its Southern Air unit, and ABX Air, a unit of Air Transport Services Group (NASDAQ: ATSG), descended on Cincinnati to protest the lack of traction in contract talks that have dragged on for several years. Amazon.com, Inc. (NASDAQ: AMZN) relies on Atlas and ATSG planes and crews to deliver shipments for its Amazon Air unit. Amazon also has substantial, albeit minority, equity stakes in Atlas and ATSG.
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
When a stock I own gets killed on disappointing earnings, I check if it still makes sense, and if so it's often a bargain, as appeared to be the case on Thursday when Atlas Air plunged.
Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW) reported adjusted earnings per share (EPS) of $0.17 for the second quarter of 2019, missing analyst estimates by $0.54. "Revenue and earnings in the second quarter were below our expectations, as air cargo volumes and yields were affected in the near-term by the widely reported impact of tariffs and trade tensions," Atlas CEO William Flynn said. The company's aircraft, crew, maintenance and insurance (ACMI) segment was more active in the second quarter, indicating higher volumes.
Atlas Air (AAWW) delivered earnings and revenue surprises of -70.18% and -7.96%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Reported Net Income of $86.9 million, $1.61 per ShareReported Results Reflect Favorable Completion of Tax Examination and Impact of Warrant AccountingReported, Adjusted Results.
Atlas Air Worldwide Holdings, Inc. (AAWW) today announced it will expand its operations in northern Kentucky to accommodate its growing workforce in the area. Atlas’ plans include a commitment to a long-term lease in a new facility in Erlanger, Kentucky, near the Cincinnati/Northern Kentucky International Airport (CVG), to support its growing global operations. “Atlas is a premier leader and employer in the air cargo industry, and I am delighted the company will deepen its commitment to Kentucky and grow its operations within this critical North American logistics hub,” said Kentucky Governor Matt Bevin.
Atlas Air (AAWW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
A U.S. airline industry group said it had a "productive" meeting on Thursday with President Donald Trump, who "shares our concerns" about accusations that subsidies by Qatar and the United Arab Emirates are costing jobs in the United States. "We had a productive meeting with President Trump today to talk about the importance of American jobs and not letting foreign governments break their agreements with the United States," Scott Reed of the Partnership for Open & Fair Skies said in a statement. "The president shares our concerns and instructed us to keep working with the U.S. Department of Transportation, which we plan to do," he said.