Atlas Air Worldwide Holdings,parent of ACMI cargo carriers Atlas Air and Polar Air Cargo, last week posted first-quarter net income of $10.5 million, down 68.9% from a $33.8 million profit in the year-ago quarter. ATW's2011 Phoenix Award winner (ATW, Feb. 1) noted in a statement that "the market was unable to quickly and fully absorb the dramatic rise in aviation fuel prices that began midway through the quarter." It also said its military charter business suffered, with ...

Subscribe to Access this Entire Article

"Atlas Air Worldwide's first-quarter profit drops 69%" 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.