News / Shareholder fury as Atlas Air Q3 income and share price plummet

Atlas Air is to pare back costs across the board following poor third-quarter results, as the share price fell 8% to just $22, half the level it was in July.

While it is pinning its hopes on the fourth quarter, it looks set to expect further disruption from its pilots.

In a tense earnings call, shareholders put pressure on the carrier, which reported third-quarter income from continuing operations of $60m, against $71.1m a year earlier.

Ebitda was $95.6m, compared with $123.9m in the ...