Atlas Air Worldwide Holdings (AAWH), parent of ACMI cargo carriers Atlas Air and Polar Air Cargo, posted a first-quarter net income of $12.8 million, up 21.9% from $10.5 million in the year-ago period (ATW Daily News, May 9, 2011). AAWH president and CEO William Flynn said the results were “well above” the company’s expectations. “The improvement was primarily due to a substantial pickup in the commercial airfreight market during March 2012,” he said in a ...

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