News / Atlas moves quickly on air freight contracts as charter and ACMI edge closer

© Colicaranica

Atlas Air has locked-in customers at high charter rates for the medium-to-long term, taking full advantage of extremely high air freight rates in the second quarter, and a lack of capacity.

Chief executive John Dietrich reported an “exceptional” quarter, driven by strong demand and higher yields, with more flying from ACMI customers.

Adjusted ebitda rose 193% to $247m in the second quarter, while adjusted net income rose 2,637% to $123.2m. For the first half, adjusted ebitda was up 80% to $368.2m, while ...