Hurt by excess capacity, Atlas Air and Polar Air Cargo parent Atlas Air Worldwide Holdings posted a first-quarter net loss of $3.7 million, down from a $675,000 profit in the year-ago quarter. "Results for the quarter reflect some tough comparables, with a reduction in military charter activity compared with last year and a related excess of 747-200 aircraft capacity that could not be fully and sensibly deployed elsewhere," outgoing President and CEO Jeffrey Erickson said. To realign ...

Subscribe to Access this Entire Article

"Atlas reports first-quarter loss, looks to cut excess capacity" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.