Comparing the current results to its competitors, Atlas Air Worldwide Holdings Inc reported Revenue increase in the 4 quarter 2022 by 3.82 % year on year. The sales growth was above Atlas Air Worldwide Holdings Inc 's competitors' average revenue growth of 2.78 %, achieved in the same quarter.
Atlas Air Worldwide Holdings Inc Net Income in the 4 quarter 2022 fell year on year by -28.7%, while most of its competitors have experienced a contraction in net income by -17.41 %.
Atlas Air Worldwide Holdings Inc 's Comment on Competition and Industry Peers
The market for ACMI services is competitive. We believe that the most important
basis for competition in the ACMI market is the efficiency and cost effectiveness
of the aircraft assets and the scale, scope and quality of the outsourced operating
services provided. Atlas is currently the only provider of ACMI services with
the modern 747-8F aircraft. The primary providers presently in the 747-400F
and 747-400 BCF/SF ACMI markets include the following: Atlas; Air Atlanta Icelandic;
Kalitta Air, LLC; and Nippon Cargo Airlines. In addition, Southern Air, Inc.
operates 777 aircraft in the CMI market.
The Charter market is also competitive, with a number of cargo operators that
include Cargolux; Kalitta Air, LLC; Nippon Cargo Airline; and passenger airlines
providing similar services utilizing both 747-400s and 747-200s. We believe
that we offer a superior aircraft in the 747-400, and we will continue to develop
new opportunities in the Charter market for 747-400 aircraft not otherwise deployed
in our ACMI business.
The Dry Leasing business is also competitive. We believe that we have an advantage
over other cargo aircraft lessors in this business as a result of our relationships
in the cargo market and our insights and expertise as an operator of aircraft.
Titan also competes in the passenger aircraft leasing market to develop key
customer relationships, enter strategic geographic markets, and/or acquire feedstock
aircraft for future freighter conversion. The primary competitors in the aircraft
leasing market include GE Capital Aviation Services; AWAS; Guggenheim Aviation
Partners, LLC; CIT Aerospace; Aviation Capital Group Corp.; Air Castle Ltd.;
AerCap Holdings N.V.; Fly Leasing; and RBS Aviation Capital, among many others.
Overall company revenue, increased by 3.82 %. Atlas Air Worldwide Holdings Inc outperformed its competitors within this segment. << More on AAWW Market Share.
*Market share is calculated based on total revenue.
Publicly Traded Peers of Atlas Air Worldwide Holdings Inc
Sumisho Air Lease Corporation Share Performance
+0.34%
30 Days
Sumisho Air Lease Corporation
Profile
Air Lease Corporation is a global aircraft leasing company that purchases new aircraft from manufacturers and leases them to airlines worldwide. Their business model is centered around long-term leasing agreements, providing their customers with a flexible and cost-effective solution for their fleet requirements. They generate revenues through lease rentals and sales of aircraft, maintaining a diverse portfolio of modern, fuel-efficient aircraft to meet the evolving needs of the commercial aviation industry.
Sources:
Atlas Air Worldwide Holdings Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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