Atlas Air Hiring
Gets Weekends Off
Joined: Feb 2008
Posts: 211
Likes: 0
All good points, thx.
I also read a few posts back about the possibility for commuters of having the company send you out to your trip on paid ticket/hotel, instead of straight jumpseat commuting on your own, would anyone care to expand on this? Is it like the "gateway system" used by some corporate gigs?
It seems I would have to commute from FL for some time at first...
I also read a few posts back about the possibility for commuters of having the company send you out to your trip on paid ticket/hotel, instead of straight jumpseat commuting on your own, would anyone care to expand on this? Is it like the "gateway system" used by some corporate gigs?
It seems I would have to commute from FL for some time at first...
Gets Weekends Off
Joined: Sep 2012
Posts: 101
Likes: 0
From: 747 CA
From an article in the Loadstar:
>Atlas Air’s cash reserves, which last year were $440m, were down to what one analyst described to The Loadstar as a “staggeringly low” $117.7m – “a huge issue”, he said. According to the 10Q form $78m of that cash is customer maintenance reserves, which generally must be returned to the customer upon applicable maintenance events.
>Atlas said it had paid $26.2m in expenses, for “accelerated compensation” awards for senior management, of which some $14m was in cash – much of which went to Mr Flynn.
>Executives also received a pay-out following Atlas’s acquisition of Southern Air, although the company has not announced the amount paid.
>Mr Flynn added that the company didn’t feel it needed as much cash as it had held in the past.
>While heavy maintenance is expected to be down in the fourth quarter, one analyst told The Loadstar: “I think we could see a tidal wave of maintenance expense in 2017. I don’t believe they can grow the fleet materially like they have and keep maintenance expense steady as well.”
Are your spidey senses tingling yet?
>Atlas Air’s cash reserves, which last year were $440m, were down to what one analyst described to The Loadstar as a “staggeringly low” $117.7m – “a huge issue”, he said. According to the 10Q form $78m of that cash is customer maintenance reserves, which generally must be returned to the customer upon applicable maintenance events.
>Atlas said it had paid $26.2m in expenses, for “accelerated compensation” awards for senior management, of which some $14m was in cash – much of which went to Mr Flynn.
>Executives also received a pay-out following Atlas’s acquisition of Southern Air, although the company has not announced the amount paid.
>Mr Flynn added that the company didn’t feel it needed as much cash as it had held in the past.
>While heavy maintenance is expected to be down in the fourth quarter, one analyst told The Loadstar: “I think we could see a tidal wave of maintenance expense in 2017. I don’t believe they can grow the fleet materially like they have and keep maintenance expense steady as well.”
Are your spidey senses tingling yet?
New Hire
Joined: Nov 2016
Posts: 3
Likes: 0
Gets Weekends Off
Joined: Sep 2009
Posts: 611
Likes: 0
This disorganization is just the tip of the iceberg in how badly Atlas is managed. I would not be surprised if the company is gone within five years. Even the recent Kalitta pilots hired at Atlas are all regretting their decision to come here.
You do know the regionals are hiring, right?
New Hire
Joined: Nov 2016
Posts: 3
Likes: 0
Just went to log in and says:
Status: reviewed - not selected
Guessing i'll get a TBNT letter or email soon...
2600 TT
1000 turbine
Current 121
No pic.... No degree....No skeletons... No failures...
Status: reviewed - not selected
Guessing i'll get a TBNT letter or email soon...
2600 TT
1000 turbine
Current 121
No pic.... No degree....No skeletons... No failures...
Last edited by gpws; 01-13-2017 at 01:14 PM. Reason: Left something out
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