AAWW - AAWW STOCK NEWS

Atlas Air, a subsidiary of Atlas Air Worldwide (Nasdaq: AAWW), has expanded its partnership with DB Schenker, enhancing transpacific cargo services. This agreement builds on a 2020 contract, providing consistent charter capacity on multiple weekly flights. Atlas Air aims to ensure reliable and efficient delivery for DB Schenker's global logistics needs. Executives from both companies expressed enthusiasm about the long-term commitment and the essential role of Atlas Air in DB Schenker's operations.

Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) has completed the transition to operate Southern Air, Inc. under a Single Operating Certificate (SOC). This integration allows Atlas Air to diversify its fleet with 777 and 737 aircraft, enhancing service offerings and expanding its global reach. CEO John W. Dietrich stated the merger strengthens the company’s position as a leading provider of outsourced aircraft services and appreciates the FAA’s support during the transition. Atlas Air operates the world's largest fleet of 747 freighters, offering a wide range of aviation services worldwide.

Atlas Air Worldwide Holdings (Nasdaq: AAWW) has expanded its partnership with Cainiao Network, the logistics arm of Alibaba Group, to improve shipping efficiency for cross-border trade between China and Latin America. The new agreement adds a B747-400F aircraft, increasing the dedicated fleet for Cainiao to five. Daily flights have boosted Cainiao’s cargo volume from China to Latin America by 144% compared to last year. Additionally, the partnership has enhanced air freight efficiency by over 40%, with a 200% increase in parcels shipped to Brazil in September 2021.

Atlas Air Worldwide Holdings (AAWW) has been recognized as one of the Women’s Forum of New York’s 2021 Corporate Champions for achieving gender balance on its corporate board, reaching 40% female representation. This accolade was presented at the “Breakfast of Corporate Champions” event on November 10, 2021, in New York City, highlighting the organization's commitment to diversity, equity, and inclusion in business governance. CEO John W. Dietrich emphasized the strength brought by diverse perspectives on the board, underscoring continued efforts to prioritize gender equity.

Atlas Air Worldwide Holdings (Nasdaq: AAWW) reported record third-quarter 2021 revenue exceeding $1 billion, with net income rising to $119.5 million ($3.91 per diluted share). Adjusted EBITDA grew to $280.5 million, up from $196.3 million in Q3 2020. The company successfully extended contracts with DHL Express and FedEx, enhancing its strategic position. Anticipating a robust fourth quarter, Atlas expects revenue of nearly $1.1 billion, with adjusted EBITDA around $325 million, bolstered by high aircraft utilization and favorable market conditions.

Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) congratulated Bobby J. Griffin and Sheila A. Stamps for being named to Savoy Magazine’s 2021 Most Influential Black Corporate Directors. Griffin, on the board since 2016, chairs the Nominating and Governance Committee, while Stamps, a member since 2018, chairs the Audit and Finance Committee. Their contributions have strengthened the board’s leadership and insight. The recognition is featured in the fall issue of Savoy Magazine. Atlas Air operates the world's largest fleet of 747 freighters, providing diverse aviation services.

Atlas Air Worldwide Holdings (Nasdaq: AAWW) will announce its third-quarter results for the period ending September 30, 2021, before the stock market opens on Wednesday, November 3. A conference call hosted by CEO John W. Dietrich and CFO Spencer Schwartz will take place at 11:00 A.M. Eastern on the same day to discuss the financial outcomes. Interested listeners can access the live call via the Investor site. A replay will also be available until November 10.

Atlas Air Worldwide Holdings (Nasdaq: AAWW) announced a long-term agreement with FedEx to provide two 747-400 freighter aircraft on an ACMI basis. This deal complements an existing contract ensuring five aircraft for FedEx during the fourth quarter. The newly added freighters are already in service, enhancing FedEx’s express and e-commerce operations. CEO John W. Dietrich emphasized the strong demand for airfreight capacity, positioning Atlas as a leader in express networks and underlining its commitment to modern and efficient aircraft.

Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings (Nasdaq: AAWW), has extended contracts with DHL Express to operate 20 freighter aircraft, enhancing their partnership that began in 2008. The agreements will see Atlas Air continue using six Boeing 747-8 freighters, two 747-400 freighters, eight 777-200 freighters, and four 767-300 freighters. Atlas Air's CEO, John W. Dietrich, highlighted the partnership's role in supporting DHL's growth in the global airfreight market, driven by e-commerce demands.