Polar Air Cargo
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Polar pleads guilty, fined $17 million
Polar Air Cargo, a division of Atlas Air Worldwide Holdings (AAWW), has reached an agreement with the US Department of Justice (DOJ) Antitrust Division to settle a price fixing charge involving fuel surcharges and cargo rates amongst a group of car…
09 September 2010
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AMERICAS: Atlas Air profits up aided by DHL business
Atlas Air Worldwide Holdings, parent of Atlas Air and Polar Air Cargo, reported second-quarter net profit of US$11.3 million, a more-than-sevenfold increase over a $1.5 million profit in the same period a year earlier despite revenue plummeting near…
01 September 2009
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Atlas Air group posts record Q1 profit
Atlas Air Worldwide Holdings Inc (AAWW) has announced that for the three months ended 31 March, it achieved a record first quarter net profit of US$23.4 million on revenues of $244.5 million. The results for the quarter contrasted with a net loss of …
15 May 2009
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Atlas Air posts US$23.4 million Q1 profit
Atlas Air Worldwide Holdings Inc. has reported a first-quarter profit of US$23.4 million this week, improving upon the same period last year when it posted a loss of $5.3 million. Revenue fell 34.4 per cent to $244.5 million, from $373 million a year…
06 May 2009
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Atlas/Polar retire seven B747 classics early
Atlas Air Worldwide, parent of Atlas Air and Polar Air Cargo, said it will retire seven of its 14 747-200s. "The current pronounced downturn in global airfreight demand has caused us to accelerate our plans to retire a portion of our older 747-200 …
09 February 2009
