PUBLISHER: The Load Star (www.theloadstar.com)
As it tabled record results for the year and its final quarter, Atlas Air sent a strong signal that it favours steady growth over short-term gains in the spot market.
The aircraft leasing company flanked its results presentation with announcements of long-term placements of the last B747-8 freighters due to join its fleet this year, indicating a strong market outlook and an inclination to place aircraft in long-term contracts.
To nobody’s surprise, Atlas recorded strong growth: revenues for the full year climbed 25%, to $4bn; while net income soared 36.8%, to $493.3m.
Atlas Air Worldwide president & CEO John Dietrich said: “2021 was another outstanding year, with excellent financial and operating performance.
“With the strength, flexibility and resiliency of our global business model, our experienced and dedicated team delivered high-quality services to our customers in an operating environment with persistent pandemic-related obstacles.”