News / Atlas Air bullish over demand for rest of 2014, despite Q2 drop in net income

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Atlas Air is remaining bullish on the prospects for the second half, despite announcing a 22% decline in adjusted net income for the second quarter.

Reported net income enjoyed a one-off tax benefit of $24m, and what Atlas called a one-time loss of $9.4m related to upgrading spare engines. One analyst, however, questioned why that was not included as a normal expense, given that it would cut routine maintenance costs.

The main focus of the firm’s earnings call was on prospects for ...