Air cargo operator Atlas Air Worldwide Holdings reported a $9.6 million net profit for the first quarter of 2018, reversed from a $752,000 net loss in 1Q 2017. The turnaround encouraged the Purchase, New York-based company to revise its full-year 2018 revenue outlook upward to over $2.5 billion. Atlas earned $2.2 billion in revenue in 2017. For the 2018 first quarter, Atlas’ revenues totaled $590 million, up 24.1% year-over-year (YOY), with strong growth in each of Atlas’ major ...

Subscribe to Access this Entire Article

"Atlas Air Worldwide posts $9.6 million 1Q profit, raises 2018 outlook" 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.