Atlas Air capitalizes on transport shortages for big Q2 profit gain

Atlas Air 747 freighters parked under a dark sky. Atlas Air announced a large Q2 profit.

Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW) on Thursday reported that revenues in the second quarter jumped 24.3% from the same period in 2019 to $825.3 million, significantly pushing up adjusted net income as the all-cargo operator cashed in on the extreme demand for pandemic relief supplies and high freight rates.

A significant shortage of global air cargo capacity resulting from airlines withdrawing passenger flights during the coronavirus crisis resulted in higher utilization of Atlas’...

https://s29755.pcdn.co/news/atlas-air-capitalizes-on-transport-shortages-for-big-q2-profit-gain

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