Ecommerce and electronics traffic give Cathay Cargo results a lift
Cathay Cargo’s 2024 results were boosted by ecommerce and electronics, giving it a 11% hike ...
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By Alex Lennane
Both Atlas Air and ATSG enjoyed year-on-year improvement in their first-quarter results, lifted by soaring demand for air freight.
Atlas Air has also showed a softening in its relations with pilots, offering them a 10% pay increase while negotiations continue.
ATSG saw customer revenues grow 12% to $389.3m, while adjusted earnings from continuing operations (non-GAAP) rose 13%, to $29.3m. Adjusted ebitda from continuing operations (non-GAAP) increased 9%, to $124m
Atlas boasted first-quarter 2020 net income of $23.4m, compared with a reported loss of $29.7m a year ...
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