ACMI specialist, Atlas Air Worldwide Holdings posted 2016 second-quarter net income of US$20.6 million, down 27.5 per cent from the $28.4 million net profit the company reported a year earlier. The drop is a result of the group’s preparation for its contract with e-commerce giant, Amazon, to operate 20 freighters on its behalf. US-based Atlas Air Worldwide is parent company to Atlas Air, Southern Air Holdings and Titan Aviation Holdings, and majority owner of Polar Air Cargo. “The second … [Read more...] about Atlas Air’s Amazon service to take flight this quarter
William Flynn
Atlas Air's Amazon service to take flight this quarter
ACMI specialist, Atlas Air Worldwide Holdings posted 2016 second-quarter net income of US$20.6 million, down 27.5 per cent from the $28.4 million net profit the company reported a year earlier. The drop is a result of the group’s preparation for its contract with e-commerce giant, Amazon, to operate 20 freighters on its behalf. US-based Atlas Air Worldwide is parent company to Atlas Air, Southern Air Holdings and Titan Aviation Holdings, and majority owner of Polar Air Cargo. “The second quarter … [Read more...] about Atlas Air's Amazon service to take flight this quarter
AMERICAS: Atlas Air profits up aided by DHL business
Atlas Air Worldwide Holdings, parent of Atlas Air and Polar Air Cargo, reported second-quarter net profit of US$11.3 million, a more-than-sevenfold increase over a $1.5 million profit in the same period a year earlier despite revenue plummeting nearly 45 per cent to $240 million. Expenses fell 49.6 per cent to $214.5 million, producing an operating income of $25.5 million, nearly double last year’s $13.3 million. President and CEO William Flynn noted that the strong result was … [Read more...] about AMERICAS: Atlas Air profits up aided by DHL business
