News / Cash-rich Atlas Air – organic growth and M&A, 'all options are on the table'

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Atlas Air is considering M&A options, following the best financial quarter in its history.

It saw net income rise to $199.5m, up from $74.1m a year earlier, and revenues exceed $1bn.

“We’re evaluating M&A opportunities, both in our immediate space as well as potential adjacent spaces,” revealed CFO Spencer Schwartz in an earnings call.

“But we’re taking a disciplined approach, given the current valuation, so we’re being careful and thoughtful.

“We think organic growth and M&A would generate the best returns for our shareholders, ...