Atlas Air Orders Four New Boeing 777 Freighters

Atlas Air Worldwide Holdings, Inc. AAWW has ordered four new Boeing Co BA 777 freighters. Financial terms were not disclosed.
The company expects the delivery of the first 777-200LRFs in November 2022, with the other three expected to be delivered throughout 2023.
Atlas Air expects the investment to bolster its 777 fleets, which currently include 14 freighters.
"We anticipate this transaction will drive strong earnings and cash flows and enhance shareholder value," commented CEO John W. Dietrich.
As previously announced, the company will take delivery of four new 747-8 freighters during 2022, with the first delivery expected in May.
Price Action: AAWW shares trading lower by 0.68% at $90.98, and BA lower by 1.04% at $210.86 on the last check Thursday.