Atlas Air Worldwide volumes in 2017 increased 20 per cent to 252,802 block hours, with revenue growing 17 per cent to a record $2.16 billion. Atlas Air was well-positioned throughout 2017 to capitalize on market dynamics and deliver volumes and revenues that grew sharply compared to the prior-year. By K. Dass
April 27, 2018
By PLA Editor
The sky is the limit for Atlas Air Worldwide as 2018 began with strong demand from its customers for its aircraft and services. With the essential building blocks it has set in place, the carrier sees opportunities to grow with existing customers and to add new ones along the way.
Atlas Air has the world’s largest fleet of 747 freighter aircraft and provides customers a broad array of Boeing 747, 777, 767, 757 and 737 aircraft for domestic, regional and international applications. 2017 was a star performance year for Atlas Air – record fourth-quarter earnings and robust full-year earnings growth, and a continued strong outlook in 2018.
“Atlas Air was well-positioned throughout 2017 to capitalise on market dynamics and deliver volumes and revenues that grew sharply compared to the prior-year,” said Michael Steen, executive vice president and chief commercial officer, Atlas Air. “Atlas continues to deliver on our strategic initiatives and grow our fleet in 2017. For 2017 as a whole, we averaged 85 aircraft equivalents in operation, up from 73 during 2016.”
The airline’s strategic initiatives that were put in place over many years have transformed the company. Its focus on express, e-commerce and fast-growing Asian markets has broadened its customer base and fleet. As a result, the carrier was well-positioned to capitalise on market dynamics and deliver fourth-quarter and full-year volumes, revenues, EBITDA and net income that grew sharply compared to the prior-year.