News / Record year for Atlas Air, but it needs more aircraft to meet capacity demands

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An upbeat Atlas Air announced record earnings last week – but noted that a scarcity of capacity could curb growth potential and that it was considering Airbus conversions.

Volumes in the fourth quarter grew 18% year on year, while revenues rose 19% to $628m; reported income stood at $209.5m, against $28.7m a year earlier.

For the full year, volumes rose 20% while revenues were up 17% to $2.16bn. Income was $224.3m, up from $42.6m. Cash and cash equivalents more than doubled to $305.5m.

Management ...