News / Atlas Air stays bullish on profit forecasts as demand and revenue soar

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Soaring revenues have encouraged Atlas Air to increase its full-year forecasts, despite reporting a loss for the six months to June.

First-half earnings hit $1.3bn, up 31% year on year, with a similar growth rate,29%, recorded in the second quarter, bringing in more than $666m.

And the carrier seems optimistic it can maintain the momentum, raising full-year profit expectations to $2.6bn, 33% up on 2017’s results.

Chief executive William Flynn said the increased outlook was driven by not only market strength, but also ...