News / Panalpina and Atlas stay bullish, but downgrade their air freight contract

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It was an optimistically titled and spun press release: ‘Panalpina and Atlas Air expand partnership’ – but in fact, the forwarder is cutting back on its ACMI commitments to the operator.

However, both companies have moved to downplay suggestions that the new agreement represents a significant shift in business.

As Atlas Air announced its fourth-quarter and full-year results last week, it noted that one of Panalpina’s two 747-8Fs on ACMI would go to DHL, and that the Swiss forwarder would take a ...