News / Analysts expect rising expenses as Atlas Air reports 3Q loss following executive payout

Atlas Air has reported a loss of $7.5m for the third quarter, following a large cash pay-out to executives, and expenses relating to its deal with Amazon.

Income was $27.4m, down from $30.7m a year ago. Bill Flynn, CEO, said the results were “at the upper end of the range that we expected”.

Atlas Air’s cash reserves, which last year were $440m, were down to what one analyst described to The Loadstar as a “staggeringly low” $117.7m ? “a huge issue”, he ...