Atlas Air Worldwide Holdings, parent of Atlas Air and Polar Air Cargo, posted second-quarter net income of $43.2 million, more than four times the $10.7 million profit earned in the year-ago quarter. It credited a 16% fleet reduction and "active asset management" for the improvement and pointed to a $27.7 million lowering in income tax expense owing to a tax benefit related to DHL's purchase of a 49% equity interest and 25% voting stake in Polar (ATWOnline, Oct. 17, 2006), a transaction that ...

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