Atlas Air Worldwide Holdings reported first-quarter net income of $7.9 million, down 60.4% from a net profit of $20.1 million posted in the year-ago quarter. Atlas Air Worldwide is the parent company of Atlas Air and Titan Aviation Leasing, and majority owner of Polar Air Cargo. Atlas Air’s adjusted net income for the 2014 first quarter, reconciled to non-GAAP measures, was $11.3 million, up 91.9% from the $5.9 million in adjusted net income year-over-year. Atlas’ adjusted ...

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