Atlas Air 747-400. Photo: By Rob Finlayson. Atlas Air Worldwide Holdings reported a net profit of $34.4 million for the 2011 first half, down 48.2% from $66.4 million in net income posted in the first six months of 2010. The parent of Atlas Air and Polar Air Cargo noted Tuesday that despite the overall earnings dip, ACMI contracted services—the largest segment of its business—saw first-half 2011 revenue rise 28.1% to $306.5 million. President and CEO William Flynn said, ...

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