Industry puzzles over IAG Cargo's late move to drive eAWBs
IAG Cargo has announced that it will charge customers still using paper air waybills (AWBs) ...
Shares in Atlas Air rose 13% yesterday as it announced a 6.9% rise in operating revenue – equating to net income of $0.32 per share. But, as Cargo Facts points out, on a reported basis, net income fell 60% in the first quarter. Adjusted earnings per share of $0.45 in 1Q14 excluded a special charge of $0.13 per share, mainly related to its UK “affiliate”, Global Supply Systems Limited.
More interesting, perhaps, is the merry-go-round happening in the Atlas fleet. With IAG Cargo’s 747-8Fs back in the fold, the ACMI specialist is shuffling the pack – two aircraft will replace 747-400Fs used in Polar’s network, operated by Atlas for DHL. These, along with the third 747-8F, will go into “revenue service”, which, according to Atlas, means “the aircraft will be put in immediate service in our charter and South American operations”.
More on Atlas next week…
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