Dietrich added: “We expect strong performance in the first quarter of 2022, with adjusted EBITDA and adjusted net income similar to the first quarter of 2021. And our strategic focus on express, e-Commerce and fast-growing markets will continue to drive our business forward.” We also have a strong position and look forward to growing our Titan dry leasing business. We have a dedicated and talented team of employees, a strong balance sheet, a formidable fleet of aircraft, an unparalleled network of customers and unrivaled global operating capabilities. “Atlas is very well positioned for the future. Consistent with our balanced capital allocation approach, our Board has authorized a new $200 million share repurchase program, and we are starting by implementing $100 million in accelerated repurchases. We have strengthened our balance sheet, made significant investments in our fleet, including new 747-8 and 777 freighter aircraft, and are returning capital to our shareholders. “We take a disciplined and balanced approach to capital allocation. In 2021, we deepened relationships with valued customers, including Cainiao, CEVA Logistics, DB Schenker, DHL, DSV, FedEx, Flexport, Geodis, HP Inc., Icelandair, JAS, Kuehne+Nagel, SF Group and UPS. He continued: “We have now placed our new 747-8Fs under long-term agreements, enhanced numerous long-term contracts with strategic customers and further diversified our customer base. “We are leveraging our world-class fleet and global operating capabilities to increase aircraft utilization and capitalize on strong demand for our services and dedicated freighters, as well as on higher airfreight yields.” With the strength, flexibility and resiliency of our global business model, our experienced and dedicated team delivered high-quality service to our customers in an operating environment with persistent pandemic-related obstacles,” said Atlas Air Worldwide President and Chief Executive Officer John W. We are also very pleased to have achieved a long-term labor agreement with our pilots that recognizes their significant contributions to Atlas. Our greatest strength is our people and I’d like to thank everyone at Atlas for working together to deliver these very strong results. “2021 was another outstanding year with excellent financial and operating performance.
For the twelve months ended December 31, 2021, adjusted net income rose to a record $551.0 million, or $18.51 per diluted share, compared with $379.0 million, or $13.67 per diluted share, in 2020. On an adjusted basis, EBITDA increased to a record $1.1 billion in 2021 compared with $844.2 million in 2020. (Nasdaq: AAWW) today announced record 2021 results, including revenue that rose to $4.0 billion, and net income that increased to $493.3 million, or $16.16 per diluted share, compared with $3.2 billion in revenue, and net income of $360.3 million, or $13.50 per diluted share, in 2020. , Febru– Atlas Air Worldwide Holdings, Inc. Including $100 Million Accelerated Share Repurchase Atlas Air Worldwide Reports Record 2021 ResultsĪll New 747-8F Deliveries Placed Under Long-Term AgreementsĪnnounces $200 Million Share Repurchase Program
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