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Any "Latest & Greatest" About Atlas?

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spitfire1500 said:
After reading this. Long term, if you're a junior FO at Atlas.I'd keep,that resume updated and close at hand.....
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There is nothing new or particularly negative in that article. Nothing that should make a junior FO more concerned for his/her job security than normal and certainly nothing that should preclude someone from applying. :beer:
 
Geez, from the pace Atlas has going right now in the interview and new-hire classes, it sounds like Mr. Flynn has some good long-term prospects for the company!
 
Fliteidol said:
There is nothing new or particularly negative in that article. Nothing that should make a junior FO more concerned for his/her job security than normal and certainly nothing that should preclude someone from applying. :beer:
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From a value/fundamental investing standpoint, there's plenty to dislike about Atlas Air. For starters, the company still has a sizable military cargo/transport business that should be liable to lower defense budgets and fewer overseas deployments. Management is looking to replace this with more charter and commercial business, but so far that transition is still at risk. It's also well worth noting that things could get much, much worse in the air cargo market, particularly if the global economy slides further toward recession. Last and not least, this is a company that seldom produces multiple consecutive years of positive free cash flow, and that often stands in the way of substantial long-term value accretion.




....not telling anyone not to apply, just pointing out the volatility of ACMI.
 
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spitfire1500 said:
From a value/fundamental investing standpoint, there's plenty to dislike about Atlas Air. For starters, the company still has a sizable military cargo/transport business that should be liable to lower defense budgets and fewer overseas deployments. Management is looking to replace this with more charter and commercial business, but so far that transition is still at risk. It's also well worth noting that things could get much, much worse in the air cargo market, particularly if the global economy slides further toward recession. Last and not least, this is a company that seldom produces multiple consecutive years of positive free cash flow, and that often stands in the way of substantial long-term value accretion.




....not telling anyone not to apply, just pointing out the volatility of ACMI.
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So, when are you leaving. Hopefully, sooner rather than later.

I have a financial background and after looking at the business model and financial reports, I feel Atlas is on pretty solid ground. They are well diversified and growing. Your point about Atlas trying to decrease their exposure to military flying is not valid. A year ago, we had never carried troops and now Atlas has grown that segment into a sizable portion of their business. My only concern is that they continue to leverage their balance sheet to gain new aircraft. But this risk could be well offset by the substantial profit that I hear these new aircraft will bring in.
 
JonnyKnoxville said:
So, when are you leaving. Hopefully, sooner rather than later.

I have a financial background and after looking at the business model and financial reports, I feel Atlas is on pretty solid ground. They are well diversified and growing. Your point about Atlas trying to decrease their exposure to military flying is not valid. A year ago, we had never carried troops and now Atlas has grown that segment into a sizable portion of their business. My only concern is that they continue to leverage their balance sheet to gain new aircraft. But this risk could be well offset by the substantial profit that I hear these new aircraft will bring in.
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Dude Im staying and quite happy to do so...theres no need to be a smart a$$.

All I stated was the article posted as representing an article about how great Atlas is doing, ended in a paragraph stating nothing but negatives. That paragraph is what I reposted above. I wasn't stating I agreed or disagreed.

You can have an MBA from Harvard and know our company finances and business plan inside out. In this deal our balance sheet and well being is predicated on all our customers finances as well. One or two big ones tank or change the way they do business....and it can negatively impact us very quickly. A few examples...years ago EZ did the Qantas flying...a pissing match over some fuel and it was gone... World was the passenger darling a few years ago ( adding 747's and hiring like crazy...while Atlas was furloughing).....Son Air put their contract out for rebid..Atlas jumped and used this as an opportunity to get the year of Pax flying to be eligible for military flying and further put the hurt on World. Losing that one contract from what I see has really ended up biting them in the a$$.

Do I want any of this to happen at Atlas...hell no of course not. I think Atlas is in a great position today. It would be nice if in the next few years all on property get a shot at upgrade. But my optimism based on past experience is cautious.
I see some on this board touting how great Atlas is and making it sound like because they do work here they are higher forms of life...I've even had some I know at other places tell me how much they've noticed it on flightinfo all Im gonna say is go easy.....Karma. I remember back in 2000 getting on a van with some United guys braggin' it up after their big contract and expansion so all us "low lifers" would hear it......a year later a lot of them were out of work.
 
things will be more secure for Atlas when all of the rest of us garbage haulers get out of your way. I get what your trying to convey there JM & i have felt the attitude as well.
 
ttuite said:
JM, Have you been fortunate enough to get any Sydney trips?
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Whats up T how goes it ....been there each trip the last 3 months.. two by bid one by sched change. So you know what that means Afghanistan and Nairobi for me the remainder of the year..... got to meet some of the Wallabies there at the hotel....before the All Blacks handed them a whoopin'
 
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Spitfire1500,

Point noted...

I was not trying to be a smart ###, I just have a severe adversion to negative attitudes...especially when things at Atlas are relatively good.

It is unfortunate that some feel that we are getting cocky. I would say far from it. Most pilots that I have met who have been hired at Atlas in recent years have come from other failed airlines and rocky careers. The senior guys are not cocky either as they came to Atlas when it was not the place to be.

Hopefully, those that read what Atlas pilots post understand that we are excited to finally work for a winning team for once. That is a rare position to be in while employed as an airline pilot and I realize how lucky I am and how it could all come to an end quickly. Furthermore, I, nor any Atlas pilot I have worked with wish ill-will on any of our competitors....we have all been there.
 
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JonnyKnoxville said:
Spitfire1500,

Point noted...

I was not trying to be a smart ###, I just have a severe adversion to negative attitudes...especially when things at Atlas are relatively good.

It is unfortunate that some feel that we are getting cocky. I would say far from it. Most pilots that I have met who have been hired at Atlas in recent years have come from other failed airlines and rocky careers. The senior guys are not cocky either as they came to Atlas when it was not the place to be.

Hopefully, those that read what Atlas pilots post understand that we are excited to finally work for a winning team for once. That is a rare position to be in while employed as an airline pilot and I realize how lucky I am and how it could all come to an end quickly. Furthermore, I, nor any Atlas pilot I have worked with wish ill-will on any of our competitors....we have all been there.
Click to expand...

Classy post Knoxville - all the more reason I can't wait to join the team.
 
JonnyKnoxville said:
Spitfire1500,

Point noted...

I was not trying to be a smart ###, I just have a severe adversion to negative attitudes...especially when things at Atlas are relatively good.

It is unfortunate that some feel that we are getting cocky. I would say far from it. Most pilots that I have met who have been hired at Atlas in recent years have come from other failed airlines and rocky careers. The senior guys are not cocky either as they came to Atlas when it was not the place to be.

Hopefully, those that read what Atlas pilots post understand that we are excited to finally work for a winning team for once. That is a rare position to be in while employed as an airline pilot and I realize how lucky I am and how it could all come to an end quickly. Furthermore, I, nor any Atlas pilot I have worked with wish ill-will on any of our competitors....we have all been there.
Click to expand...

Yea you're right most of us came from cramppy places to work, in the land of the misfit toys...lol. I need to not post when I'm in a horrible mood......it is nice working for an expanding company rather than a shrinker....
 
spitfire1500 said:
Whats up T how goes it ....been there each trip the last 3 months.. two by bid one by sched change. So you know what that means Afghanistan and Nairobi for me the remainder of the year..... got to meet some of the Wallabies there at the hotel....before the All Blacks handed them a whoopin'
Click to expand...

Glad to hear it. Hopefully I will run into you, I still owe you a beer for saving my butt from the terminator (TT)!
 
very classy post knox, wish i had been lucky enough to get past the interview board last time. would have been a pleasure working for a winning team & I understand the pride that can come from that. It is sorely lacking in this industry.
 
Im curious as where all this fantastic growth is coming from. It cant be from AMC because all the carriers that do this are downsizing now due to the drawdown. Is it mostly DHL?
 
bigboeings said:
Im curious as where all this fantastic growth is coming from. It cant be from AMC because all the carriers that do this are downsizing now due to the drawdown. Is it mostly DHL?
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Good question. It seems like the training department has been running classes every three weeks like clockwork. We are still taking deliveries of the last one or two 767s for DHL that had been previously announced and we are still taking deliveries of the last four 747-8s. It seems like a lot of DHL growth which makes me nervous.

Atlas seems to hold their cards close to their chest. They seem to announce the actual additional airplanes, contracts, or customers at the last possible minute.
 
So a few months ago, our VP of Flight Ops, J.C. gave a big cheesey wink in an operational update video with respect to crewmembers being certain that our standing bids are up to date.

I had no idea what that was referring to but assumed some kind of meaningful announcement would come out about major growth or a merger / acquisition. As we all know, that has not been the case.

The question is: what was the point of that video? At this point, it seems quite misleading.
 
JonnyKnoxville said:
So a few months ago, our VP of Flight Ops, J.C. gave a big cheesey wink in an operational update video with respect to crewmembers being certain that our standing bids are up to date.

I had no idea what that was referring to but assumed some kind of meaningful announcement would come out about major growth or a merger / acquisition. As we all know, that has not been the case.

The question is: what was the point of that video? At this point, it seems quite misleading.
Click to expand...

I know, wtf was up with that?
 
Good Ol JC! Gets canned from Spirit but lands on his feet at Atlas. Suprised he hasn't opened a pilot domicile in Kabul yet. Sorry for the hijack.
 
So he was canned from Spirit? I thought he just left....what happened?






Interesting points from the call:

Growth of revenue 13% over 2011 3Q.

10% Adjusted net income increase over 2011 3Q.

Good growth but not as much as forecasted.

Atlas has been increasing their cash position
-for rainy day worst case market scenarios
-to better position themselves for growth when an opportunity presents itself i.e. acquisitions of aircraft or competitors.

Atlas is increasing debt because of new aircraft purchases (747-8)
- goal is to balance increase in debt with increased earnings
- earnings are rising even faster than debt which leads to a better leverage position.

Global cargo demand is improving but not as fast as originally expected.

Military cargo demand is falling. This has a bit of a negative impact on Atlas, but a more significant impact on competitors using 747-200s.

Military contracts are a cost plus payout. Atlas 747-400s and 747-8s are in demand in the global charter market whereas there is little to no demand for the competitors 747-200s which will have to be parked.

As of October 1st, U.S. military will no longer charter 747-200s.

There are 42 747-200s worldwide in use that Atlas believes will be parked rather rapidly.

There are 11 747-400F's that are parked worldwide and are available for lease or purchase (CEO could list all of them and their former operators from memory).

There are 4-6 747BCF's that are parked worldwide and are available for lease. Atlas stated that these aircraft were not desirable as they have more maintenance due to their age, burn more fuel, and can carry less payload.
 
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He was "asked" to resign. He has a history of opening and closing domiciles epecially when negociations are going on. Don't trust that SOB as far as you can throw him!
 
lionflyer said:
He was "asked" to resign. He has a history of opening and closing domiciles epecially when negociations are going on. Don't trust that SOB as far as you can throw him!
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Although, I think he is very business savy, he was former Northwest management which by it's very nature makes him extremely anti-labor.
 

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