Speaking to HavaSosyalMedya during the IATA Annual General Meeting in Rio de Janeiro, Atlas Air President and CEO Michael Steen shared his views on the current state of the global air cargo market, Atlas Air’s recently announced Airbus A350F order, and the opportunities shaping the future of the industry. Despite ongoing geopolitical uncertainties, Steen emphasized that the air cargo sector remains resilient and profitable.
“The industry is in a good place. It’s profitable, and there are many opportunities ahead,” Steen said. He also highlighted Atlas Air’s strong position in the market, noting that the company represents approximately 13% of the global air cargo market and operates the world’s largest fleet of widebody freighter aircraft.
Steen described the Airbus A350F order as a major milestone for the company’s future.
“We have ordered 20 Airbus A350 freighters, with deliveries beginning in 2029. These aircraft will bring next-generation technology to our operations. We also hold options for up to 40 additional aircraft. We’re very excited about what this investment will bring and how it will support our future growth.”
Steen also discussed Atlas Air’s role within IATA’s leadership. As a member of the IATA Board of Governors, he noted that Atlas Air is one of only two dedicated cargo airlines represented on the board.
“Air cargo is a highly regulated industry. It’s essential that cargo operators have a voice in shaping policies, procedures, and regulations that are practical and effective for the entire aviation industry. We take that responsibility very seriously.”
Steen traveled to Rio de Janeiro aboard Atlas Air’s Miami-Rio Boeing 747 flight. The aircraft was captained by Atlas Air Chief Operating Officer Klaus Goersch, who is also a Boeing 747 captain (pictured in the left seat of the cockpit). Reflecting on the experience, Steen emphasized the importance of staying closely connected to day-to-day operations.
“I try to spend as much time as possible outside the office. I want to be with our employees, our customers, and our business partners. Having the opportunity to fly with our COO was a truly valuable experience.”
Steen concluded by expressing confidence in both Atlas Air’s future and the long-term outlook for the air cargo industry.
“We’re in a strong position as a company, and we’re well represented within the industry. I believe the future is very bright for both Atlas Air and the air cargo sector.”
