While the passenger segment of the airline business continues to struggle with rebounding from the COVID-19 pandemic, Atlas Air’s parent company issued its second-quarter report today reporting a better than anticipated performance and signaling a very positive outlook for the year ahead. Atlas Air Worldwide Holdings, parent to Atlas Air, Polar Air Cargo, Southern Air, and Titan Aviation Leasing, announced in a press release issued today a 2nd quarter net income of $78.9 million, compared to $86.9 million in 2019.…
Once again, airlines across the globe are facing stiff headwinds, this time due to the current COVID-19 pandemic. Travel bans and general health fears have driven customers away forcing airlines to reinvent themselves to keep the lights on. Government stimulus monies often come with restrictions and limitations and do not…
The dramatic drop in demand and the restrictions on international travel caused by the COVID-19 pandemic are devastating the finances of most airlines around the world. Carriers in the U.S. are receiving billions of dollars in grants and loans, Norwegian Airlines, Virgin Australia and South African Airlines are facing bankruptcy…
