Atlas Air Worldwide Holdings

Atlas Air Worldwide Holdings, reports strong results for the quarter ended June 30, 2006


Atlas Air Worldwide Holdings, a provider of global air cargo services, has reported strong results for the quarter ended June 30, 2006.

Last month, the company reported net income of US$10.7 million on revenues of $366.4 million for the quarter ended June 30, 2006. Results for the quarter included operating income of $30.6 million and pretax income of $17.5 million.

For the three months ended June 30, 2005, AAWW reported net income of $15.9 million on revenues of $395.2 million. Operating income in the second quarter of 2005 totalled $43.8 million with pretax income of $26.9 million.

William J. Flynn, AAWW president and chief executive officer, said: “Results for the second quarter reflected solid operating performance. We benefited from improved unit pricing metrics in our major business segments and from a substantial reduction in our maintenance expenditures, where we expect to see continued improvement over the balance of the year. The current quarter also experienced reduced flying by 747 Classic aircraft."

Most Popular