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Founded | 1992 | ||||||
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Hubs | |||||||
Fleet size | 81 | ||||||
Destinations | 426 | ||||||
Parent company | Atlas Air Worldwide Holdings | ||||||
Headquarters | Purchase, New York, United States | ||||||
Key people | William J. Flynn (CEO, President) | ||||||
Revenue | US$1.822B (FY 2015) | ||||||
Operating income | US$123.5M (FY 2015) | ||||||
Net income | US$62.4M (FY 2015) | ||||||
Total assets | US$4.16B (FY 2015) | ||||||
Total equity | US$1.45B (FY 2015) | ||||||
Website | www.atlasair.com |
Traded as |
NASDAQ: AAWW S&P 600 Component |
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Website | atlasair |
Atlas Air Worldwide Holdings (NASDAQ: AAWW) is a cargo airline, passenger charter airline, and aircraft lessor based in Purchase, New York. The airline was named after Atlas, a Titan in Greek mythology, who carried the heavens on his shoulders. Their symbol on the plane's tail is a golden man carrying a golden world. In 2016, Atlas Air had 2646 employees and operated to 426 destinations in 123 countries.
The airline was founded in April 1992 by the late Pakistani American aerospace enthusiast Michael Chowdry, to specialize in the long-term contract outsourcing of its Boeing 747 aircraft based on the ACMI model. Under this new program, Atlas Air Cargo planes would be available to other airlines under long-term leases. It started operations in 1993 with one Boeing 747 contracted by China Airlines. In 1995, Atlas began trading publicly on NASDAQ and in 1997, appeared on the . Also in 1997, Atlas placed an order for 10 new, more advanced Boeing 747-400 Freighters (Boeing 747-400F), increased to 12 in 1998. An initial public offering of 4 million shares was made in August 1998. In July 2004 the parent company completed its restructuring plan and emerged from Chapter 11 bankruptcy protection.
In 2006, Amnesty International released a report on extraordinary rendition which found that Atlas Air was one of the airlines which was alleged to have be used by the US government for rendering detainees.
In March 2010 Atlas Air was awarded a nine-year contract for the operation of the Boeing 747 Large Cargo Freighter (LCF) 'Dreamlifter' for transporting aircraft parts to Boeing from suppliers around the world. It commenced operation in September 2010 under a CMI (Crew, Maintenance and Insurance) contact.