Atlas Air Worldwide's first-quarter profit drops 69%

Atlas Air Worldwide Holdings,parent of ACMI cargo carriers Atlas Air and Polar Air Cargo, last week posted first-quarter net income of $10.5 million, down 68.9% from a $33.8 million profit in the year-ago quarter. ATW's 2011 Phoenix Award winner ( ATW, Feb. 1 ) noted in a statement that "the market...

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