News / Bumpy ride for Atlas in Q3 as carrier admits it needs to find new customers

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Atlas Air, the bellwether for ACMI operations as well as US military flying, yesterday admitted that business had been slower than anticipated, as it announced third-quarter net income had fallen 30% from last year to $23.7m, a decline of 17% for the first nine months.

Revealing that customers had not flown as much cargo as forecast and that rates were low, CEO Bill Flynn said: “Our … results and full-year earnings outlook reflect a weaker peak season than previously anticipated.

“Commercial airfreight ...