Atlas Air Hiring
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 APC: Feb 2008
Posts: 211
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...
Line Holder
Joined APC: Sep 2012
Posts: 97
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 APC: Nov 2016
Posts: 3
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