Let T∈L(H), and let T = U|T| = |T*|U be the polar decomposition of T. Then, for every λ ∈ [0, 1] the λ-Aluthge transform is defined by Δλ(T) = |T|λU|T| 1-λ. We show that several properties which are known for the usual Aluthge transform (i.e. the case λ = 1/2) also hold for λ-Aluthge transforms with λ ∈ (0, 1). Moreover, we get several results which are new, even for the usual Aluthge transform.Facultad de Ciencias Exactas