Thursday, July 18, 2024

Atlas Air upbeat on future of air cargo as it looks to e-commerce

This year has been a busy one for Atlas Air with the $106 million acquisition of Southern Air and the landmark agreement to provide air cargo services for Amazon. Last month, Atlas posted a loss from continuing operations, net of taxes, of $7.5 million for the third quarter (Q3) ending 30 September 2016, better than […]

Final air cargo antitrust litigation settlements approved

The last four of 28 settlements with defendants in the air cargo antitrust litigation have been granted final approval. The final settlements were approved by Judge Brian Cogan of the US District Court for the Eastern District of New York on 5 October, including a $100 million settlement with Polar Air and $50 million with […]