Ryan Petersen

I mean, this is many millions of dollars probably round trip.

A couple million.

Like a million probably or 500K.

I'm not sure.

So they gave us a great deal.

We saw lots of things like that.

But it wasn't sustainable for the business side of things.

Now, we had a lot of ongoing demand for air freight, but all the passenger planes are grounded.

So we signed a long-term deal for three 747s from Atlas Airlines, the biggest cargo airline in the world.

dedicated to Flexport.

And it was in that response to that, like, hey, the passenger plane, we have this vision, this view, this perspective that airfreights can be very expensive because all the capacity is grounded and stuff still needs to move.

People still need to ship stuff.

So we signed a deal with the airline, with that airline at a great rate.

And I think they were, their stock, Atlas was in, is in these airline indices, right?

Because actually, if we were smarter, we would have just bought their stock because they were a public company and they were in these public, these indices for airlines.

And those tanked.

Yeah.

But the cargo airline, the price should have gone to the roof because they're still, the price of air freight is going to go crazy.

I think, I haven't really talked to them about why they signed the deal with us, but we got a good deal as a result of that moment where there was this dislocation.

I assume that their stock price going down was like part of it.