Atlas Air, Inc has just released its latest figures for last year showing an adjusted net income of $551.0 million on a bumper year for the cargo giants.
“2021 was another outstanding year with excellent financial and operating performance. Our greatest strength is our people and I’d like to thank everyone at Atlas for working together to deliver these very strong results. We are also very pleased to have achieved a long-term labour agreement with our pilots that recognizes their significant contributions to Atlas. With the strength, flexibility and resiliency of our global business model, our experienced and dedicated team delivered high-quality service to our customers in an operating environment with persistent pandemic-related obstacles,” said Atlas Air Worldwide President and Chief Executive Officer John W. Dietrich.
The company also just announced it has entered into a long-term, dedicated charter agreement to operate two of its new incoming Boeing 747-8 freighters on a global basis for Kuehne+Nagel, one of the world’s largest freight forwarders.
Atlas Air will commence operation of these aircraft for Kuehne+Nagel following their delivery from Boeing, with one expected in the third quarter and the second in the fourth quarter of 2022. Atlas Air operates one of the world’s largest fleets of 747-8Fs, the most capable freighter aircraft in the world. These two aircraft placed with Kuehne+Nagel are the last 747s Boeing will produce.
As previously announced, Atlas ordered the last four 747 production aircraft to capitalize on strong demand and deliver value for its customers, while also bolstering its commitment to environmental stewardship through the reduction of aircraft emissions, resource consumption and noise. This legendary aircraft has been in production for over 50 years and will continue to serve the needs of our global supply chains for decades into the future.
“We are delighted to expand our partnership with Kuehne+Nagel by providing dedicated capacity for their growing global airfreight network,” said Atlas Air Worldwide President and Chief Executive Officer John W. Dietrich. “The Boeing 747-8F serves an incredibly important role in global airfreight, with advanced technology that allows for lower fuel consumption, higher capacity and unique nose-loading capability. We look forward to taking delivery of these two 747s and operating them for Kuehne+Nagel to support their network for years to come.”
Yngve Ruud, Member of the Management Board of Kuehne+Nagel, responsible for Air Logistics, commented: "As a market leader in airfreight, Kuehne+Nagel further expands its dedicated charter network to support customers with solutions for long-term planning and high-quality service. We are proud to partner with Atlas Air and include these two new Boeing 747-8Fs in our already extensive global capacity offering."
The 747-8F provides 20% higher payload capacity and 16% lower fuel consumption than the very capable 747-400F.
A new deal was arranged with Cainiao Network, the logistics arm of Alibaba Group, by adding a new Boeing 747-8 Freighter under a long-term agreement to increase capacity on routes between China and the Americas.
This expansion builds upon Atlas Air’s partnership with Cainiao, and the new aircraft will enter service for Cainiao in the second quarter of 2022, linking China with the United States, Brazil and Chile.
This 747-8F aircraft is among the last 747s ever to be produced by Boeing. As previously announced, Atlas ordered the last four 747 production aircraft to capitalize on strong demand and deliver value for its customers, while also bolstering its commitment to environmental stewardship through the reduction of aircraft emissions, resource consumption and noise. The iconic Boeing 747 program has been in operation for over 50 years and will continue to play a critical role in keeping global supply chains moving for decades to come.
“We are very pleased to extend our strong partnership with Cainiao with the placement of one of our new 747-8Fs, the best performing widebody freighter in the industry with unique nose-loading capability,” said Atlas Air Worldwide President and Chief Executive Officer John W. Dietrich. “Cainiao is a leader in the fast-growing e-Commerce logistics market, and we look forward to continuing to support its global network with the superior and reliable service Atlas Air provides. This fuel-efficient, high-capacity aircraft reinforces the commitment to environmental stewardship that Atlas and Cainiao share.”
“Through our successful partnership, Cainiao has been able to offer our customers across the Americas with faster and more eco-friendly deliveries provided by Atlas’ global operating capabilities. We are excited to add the new Boeing freighter to our expanding partnership in response to the growing demand for e-Commerce and greener logistics across the world,” said William Xiong, Cainiao's Chief Strategist and General Manager for Export Logistics.
The Boeing 747-8 Freighter is the most capable, technologically advanced and environmentally friendly widebody freighter. The 747-8F provides 20% higher payload capacity and 16% lower fuel consumption than the very capable 747-400F.
In November 2021, Cainiao expanded its partnership with Atlas Air to include daily charter flights operated between China and Latin America in response to the growth of cross-border trade between China and Latin America.
Full-Year Results