Thursday, December 26, 2019

Atlas Air Worldwide Can Turn Around, But Labor Peace Is Essential

The same wind can blow on two different ships and you can get two very different results, and the differences between Air Transport Group (ATSG) and Atlas Air Worldwide (AAWW) show just how important company-specific execution is. Both companies signed major agreements with Amazon (AMZN) almost three years ago, and it has been transformative for Air Transport, but far less so for Atlas Air, as the company has wrestled with significant labor difficulties and a rougher international air cargo market.

Atlas Air has the potential to be much, much better than this, but “potential” is a word that can get an investor into a lot of trouble. Labor peace and improved execution is absolutely critical, and Atlas Air would likewise be a major beneficiary of a better global trade and economic backdrop.

Read the full article here:
Atlas Air Worldwide Can Turn Around, But Labor Peace Is Essential

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