News / Atlas Air trims fleet and implements cost cuts in bid to stem losses

© Khunaspix Dreamstime.

Atlas Air is reducing its fleet owing to the soft market, as well as cutting other costs.

Announcing a $293.1m loss for 2019, management said the carrier had parked four 747-400 converted freighters, would return a 747-400 to its lessor, and had sold a 757F, with a further 777F and 737 also being sold.

“Demand has been soft,” said chief executive John Dietrich, in his first earnings call in the role. “In that environment, the last efficient aircraft get parked first. The ...