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