Two airline subsidiaries of U.S.-based Atlas Air Worldwide Holdings, Atlas Air and Polar Air Cargo, have completed audits with the International Air Transport Association’s (IATA) Center of Excellence for Independent Validators (CEIV) in Pharmaceutical Logistics program and have been awarded a certificate that is valid through 2024. While the CEIV Pharma certification comes at a […]
Atlas Air Worldwide Holdings has merged its ACMI and charter reportable segments to reflect the blurred boundary between the two types of arrangements, as well as the diminishing nature of short-term, ad hoc flying. Starting with Atlas’ first-quarter results, released Wednesday, the company will report all outsourced aircraft operation activities, including ACMI, CMI and charter, […]
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By Pilar Wolfsteller2021-05-05T17:56:00+01:00
Atlas Air Worldwide Holdings continues to profit from higher freight demand during the global health crisis, as long-haul passenger flights - and the belly cargo that is transported in them - are still far from pre-pandemic levels.
The Purchase, New York-based parent company of cargo and charter carriers Polar Air, Atlas Air and Southern Air, on 5 May posted an $89.9 million profit for the first three months of the year, up from $23.4 million during the same period in 2020.
The cargo and charter operator reports quarterly revenue of $861.3 million, up from $643.5 million in the first three months of 2020.
Atlas Air Worldwide Holdings Inc. Q1 adjusted earnings Beat Estimates
WASHINGTON (dpa-AFX) - Atlas Air Worldwide Holdings Inc. (AAWW) released a profit for its first quarter that rose from last year.
The company s bottom line totaled $89.93 million, or $3.05 per share. This compares with $23.35 million, or $0.90 per share, in last year s first quarter.
Excluding items, Atlas Air Worldwide Holdings Inc. reported adjusted earnings of $72.22 million or $2.45 per share for the period.
Analysts had expected the company to earn $1.80 per share, according to figures compiled by Thomson Reuters. Analysts estimates typically exclude special items.
The company s revenue for the quarter rose 33.8% to $861.30 million from $643.50 million last year.