Originally Posted by 742Dash

This is not a new feature of the Atlas business model. There have been many examples over the years of "long term" ACMI contracts ending on short notice. And of course much of the flying is now CMI, which is even more fragile.

There are a range of things that could stop Atlas's growth, and even make it really small really fast. From a bad accident to unhappy customers, with several possibilities in-between.

Atlas just flies airplanes for other people -- that is all. There is no underlying business like FDX or UPS, or public /market identity like Delta or American. It surprises me that there are people, and apparently a lot of them, working at 5Y who don't see this.