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The ACMI business is Atlas Air’s bread and butter: in the first quarter of this year it accounted for 46% of revenues – 77% by segment contribution.

The carrier has lost and gained customers, suggesting that speculation over an impending serious sickness in the ACMI sector was misplaced. But as Bill Flynn, CEO, noted in the recent earnings call: “The ACMI challenge for us is not that there’s fewer customers out there, it’s identifying who those customers are and creating the ...

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