News / 'Historic' year for Atlas Air as profits soar, but Florida West will be grounded

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Atlas Air yesterday announced an “historic year”, profits of $42.6m, up from $7.2m a year earlier.

This was on revenue of $1.8bn, which was broadly flat from the previous year.

Costs look set to spiral this year however, and the group revealed it was closing down its Florida West subsidiary.

On an adjusted basis, income from continuing operations was $114.3m, compared with $125.3m in 2015 and CEO Bill Flynn said it had been a “historic” year, which had ended on a “very strong note”.

As it ...