News / Atlas Air cuts ad hoc flying to focus on the 'capacity safety net' of long-term charters

© Casimirokt

In an otherwise dull earnings call, characterised by mundane questions and often imprecise answers, Atlas Air (AA) did outline some trends affecting the air freight industry.

The most obvious, of course, is that it’s easy to make money in air cargo at the moment. And Atlas has.

Revenues rose 34%, to $861m, while operating expenses rose 30%, to $757m. Net income rose a staggering 285%, to $89.9m, and adjusted net income grew to $72.2m, compared with $29.9m last year.

Cargo airlines are ’shooting ...