News / Diversification pays off as Atlas continues to prove its resilience and carries on flying

14/05/2014

It looked as if it might be a shaky 2014 for Atlas Air. IAG Cargo famously decided to terminate its lease agreement on its three ACMI freighters from April; and Qantas, shortly before its renewal date on two 747-400s with Atlas, announced it was to slash 5,000 jobs, take 50 aircraft from the fleet and cut costs by $1.8bn in three years. The US military spend continued to plummet.

Air France-KLM, although not an Atlas customer, continued to wobble over whether ...