Atlas Air Worldwide Holdings, parent of Atlas Air and Polar Air Cargo, reported second-quarter net income of $1.5 million, down 96.5% from $43.2 million in the year-ago period. President and CEO William Flynn said that "aside from the impact of fuel prices. . .our performance remains on track." Fuel expenses leaped 69.5% to $207 million. Flynn added that fuel costs "will effectively be eliminated" when Polar becomes a DHL Express carrier in October (ATWOnline, Feb. 28), allowing it to ...

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