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ATLAS AIR WORLDWIDE HOLDINGS, INC.

(AAWW)
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Atlas Air Worldwide : Announces New ACMI Contract with FedEx

09/22/2021 | 08:22am EDT
Atlas Air Worldwide Announces New ACMI Contract with FedEx

Purchase, N.Y., September 22, 2021 - Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) announced its subsidiary Atlas Air, Inc. has entered into a long-term agreement with FedEx to provide two 747-400 freighter aircraft on a full-time aircraft, crew, maintenance and insurance (ACMI) basis. This new agreement is in addition to the company's existing multi-year peak season contract that provides FedEx with a minimum of five aircraft during the fourth quarter.

Both 747-400 freighters have entered service and are flying on behalf of FedEx to support their growing express and e-commerce network.

"We are pleased to grow our long-term relationship with FedEx. This agreement reflects the continued strong demand for airfreight capacity, particularly in the express and e-commerce markets," said John W. Dietrich, President and Chief Executive Officer of Atlas Air Worldwide. "Atlas is a leader in supporting express networks, with a focus on operating the most modern, fuel-efficient aircraft to deliver high levels of on-time performance for our customers."

About Atlas Air Worldwide:

Atlas Air Worldwide is a leading global provider of outsourced aircraft and aviation operating services. It is the parent company of Atlas Air, Inc., Southern Air Holdings, Inc. and Titan Aviation Holdings, Inc., and is the majority shareholder of Polar Air Cargo Worldwide, Inc. Our companies operate the world's largest fleet of 747 freighter aircraft and provide customers the broadest array of Boeing 747, 777, 767 and 737 aircraft for domestic, regional and international cargo and passenger operations.

Atlas Air Worldwide press releases, SEC filings and other information may be accessed through the company's home page, www.atlasairworldwide.com.

* * *

Disclaimer

Atlas Air Worldwide Holdings Inc. published this content on 22 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2021 12:21:07 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 3 887 M - -
Net income 2021 443 M - -
Net Debt 2021 1 362 M - -
P/E ratio 2021 5,40x
Yield 2021 -
Capitalization 2 351 M 2 351 M -
EV / Sales 2021 0,96x
EV / Sales 2022 0,94x
Nbr of Employees 4 061
Free-Float 78,6%
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Number of Analysts 7
Last Close Price 81,01 $
Average target price 94,43 $
Spread / Average Target 16,6%
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Managers and Directors
John W. Dietrich President, Chief Executive Officer & Director
Spencer Schwartz Chief Financial Officer & Executive Vice President
Duncan J. McNabb Chairman
James A. Forbes Chief Operating Officer & Executive Vice President
Timothy J. Bernlohr Independent Director
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