Airfreight demand helps Atlas

: Latest News; Thursday, 05 August 2010

Air cargo services provider Atlas Air has reported second quarter sales up 48.3 per cent to US$356.18 million from US$240 million in the quarter a year ago.

Earnings rose 188 per cent to US$32.66 million from US$11.33 million.

Net earnings surged on "continuing improvement in airfreight demand, which has seen global airfreight traffic rise above pre-recession levels".

Tight supply in the wide-body, long-haul, heavy freighter space also contributed to a significant improvement in rates, the firm said.

Airfreight demand helps Atlas

Latest News

Thursday, 05 August 2010

Air cargo services provider Atlas Air has reported second quarter sales up 48.3 per cent to US$356.18 million from US$240 million in the quarter a year ago.

Earnings rose 188 per cent to US$32.66 million from US$11.33 million.

Net earnings surged on "continuing improvement in airfreight demand, which has seen global airfreight traffic rise above pre-recession levels".

Tight supply in the wide-body, long-haul, heavy freighter space also contributed to a significant improvement in rates, the firm said.