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 ...

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