Atlas Air post Q1 revenue fell.Atlas Air Atlas Air is an American cargo airline based in Purchase, New York, United States. It operates scheduled freight flights on an ACMI contract basis for some of the world's leading airlines, flying to 101 cities in 46 countries. Worldwide Holdings Inc on Tuesday said its first quarter revenue fell deeply due to deconsolidation of Polar Air Cargo Polar Air Cargo is an American cargo airline based in Purchase, New York, USA. It operates scheduled all-cargo services to Asia, Europe, Australia, New Zealand and the Americas. Its main base is John F. eliminates losses on fuel and yield risk level from its core business. It posted a net income of $23.4 million, or $1.12 per share for the first quarter compared to a net loss of $5.3 million, or $0.25 per share a year ago. Revenue fell to $244.5 million ended March 31, compared to $373.0 million in same period a year earlier. "Our record first-quarter earnings reflect the first full quarter of express network ACMI operations pursuant to a long-term commercial agreement that commenced in the fourth quarter of 2008," said William J. Flynn, President and Chief Executive Officer of AAWW AAWW Asian American Writers' Workshop AAWW Alpaca Association of Western Washington AAWW Anti-Air Warfare Warship . Its shares also rose to $2.48 to 8.58 Percent at $31.38 in the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on trading. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion