USA-based Atlas Air Worldwide Holdings (AAWH) president and chief executive William Flynn says the firm expects “a strong fourth quarter,” and anticipates “solid peak-season yields and volumes” in year-end 2017.

He also says the industry's outlook is bright.

 

AAWH announced a loss net of taxes of US$24.2 million, including an unrealised loss on warrants of US$44.8 million for the three months ended September 2017, but it anticipates full-year 2017 adjusted income from continuing operations, net of taxes, will grow compared with 2016's adjusted income of US$114.3 million.  

 

Flynn said: “We are encouraged by our performance in the third quarter, with 20 per cent increases in both revenue and block hours, and higher direct contribution in all of our segments, reflecting the strong demand for our services, yields rose and the utilisation of our (leased freighter) aircraft increased.  

 

“We are looking forward to a strong fourth quarter, and anticipate solid peak-season yields and volumes.

 

“The future for Atlas and for airfreight is bright. Growth in Asia and an expansion of the global middle class are transforming the global economy. Increased disposable income will support a strong future for global trade."