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Stock Market & Financial Investment News

News Breaks
January 17, 2014
08:03 EDTAAWW, BAIRYAtlas Air, British Airways to pursue new opportunities
Atlas Air (AAWW) said that it intends to pursue new aircraft, crew, maintenance and insurance placement opportunities for three 747-8 Freighter aircraft currently operated for British Airways (BAIRY) by Atlas Air Worldwide’s 49%-owned UK subsidiary, Global Supply Systems. The action follows notice from British Airways, a unit of International Consolidated Airlines, regarding British Airways’ strategic decision to exit dedicated cargo-freighter service and to return the aircraft to GSS in April 2014 pursuant to the terms of the existing ACMI agreement between the parties. Effective with the termination of the agreement, the three 747-8Fs will be redelivered to the company by GSS. Through GSS, the company also will receive contractual early termination fees from British Airways.
News For AAWW;BAIRY From The Last 14 Days
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September 11, 2014
10:00 EDTAAWWOn The Fly: Analyst Upgrade Summary
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06:40 EDTAAWWAtlas Air upgraded to Outperform from Market Perform at FBR Capital
FBR Capital upgraded Atlas Air to Outperform based on signs of improvement in global airfreight markets, low valuation, and tightening 2H aircraft supply. Price target raised to $40 from $35.

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