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 …

The post Atlas Air trims fleet and implements cost cuts in bid to stem losses appeared first on The Loadstar.

Source: The Loadstar