Atlas Air Worldwide Holdings, parent of Atlas Air and Polar Air Cargo, reported third-quarter net income of $7.1 million, significantly narrowed from a $29.9 million profit in the year-ago quarter. The company called the three months ended Sept. 30 a "transition quarter" and said fourth-quarter pre-tax income will exceed $60 million, up from $45 million in last year's final quarter. It blamed the third-quarter drop on lower military charter "heavy-lift" operations, saying such activity was ...

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