News / Strong demand and rising yields, but Atlas and ATSG both report losses in Q3

Amazon may be a prime customer of ATSG and Atlas Air, but both aircraft providers saw third-quarter losses despite increasing operations for the etailer.

Increased expenses and hurricanes swept through Atlas Air’s figures, leaving the embattled US carrier with a $24.2m net loss.

Revenues of $535.7m (up 19.5%), leading to a doubling of operating income, at $52.7m, resulted in a near-6% upturn in earnings (EBITDA) of $99.5m.

However, this was not enough to prevent a more than three-fold increase in net losses between June and September.

In a ...