Atlas Air Worldwide Holdings (AAWW) Tops Q1 EPS by 6c

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Go back to Atlas Air Worldwide Holdings (AAWW) Tops Q1 EPS by 6c

Atlas Air Worldwide Holdings (AAWW) Surges 30% on Amazon Air Cargo Deal

May 5, 2016 9:29 AM EDT

Atlas Air Worldwide Holdings (NASDAQ: AAWW) is surging 30% in pre-open trade after the company... More

Atlas Air Worldwide Holdings (AAWW) Enters Agreement with Amazon (AMZN) To Provide Air Cargo Service; Grants Option for 20%

May 5, 2016 7:35 AM EDT

Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) announced today that it will provide air cargo services to support Amazons (Nasdaq: AMZN) package deliveries to its customers. The new agreements are expected to be meaningfully accretive to Atlas Air Worldwides earnings and cash flows over time.

We are excited to begin a strategic long-term relationship with Amazon to support the continuing expansion of its e-commerce business and to enhance its customer delivery capabilities, said President and Chief Executive Officer William J. Flynn. We... More