News / Atlas Air cashes in during a busy Q3, but keeps some cards close to its chest

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Atlas Air’s third-quarter earnings call was as interesting for what it didn’t say, as for what it did.

The bullish carrier reported net income at $74.1m, up 23.4% year on year, with adjusted ebitda of $196.3m, up from $95.6m in 2019, and adjusted net income at $82.7m against $9.5m for the same period last year.

The carrier anticipates full-year 2020 revenue of about $3.1bn, up 13% year on year, and adjusted ebitda of about $780m – up a healthy 54%.

But there were ...