News
Atlas Air reports US$81.5 million net profit for three months to March 31
May 6th 2022
Atlas Air Worldwide CEO, John Dietrich, said the company had made an excellent start to 2022 with strong earnings despite the challenges of the pandemic. Read More » The air cargo carrier reported a net profit of US$81.5 million for the three months to March 31, 9.3% down from a US$89.9 million profit in the same months in 2021. Revenue increased 16.1%, to US$1 billion. “Atlas continues to demonstrate the value of airfreight as a vital component of the global supply chain," Dietrich said. "We are seeing a sustaining shift in long-term customer demand for Atlas dedicated aircraft and the speed and reliability airfreight provides. During the first quarter, our customers continued to enter and enhance long-term contracts with Atlas for dedicated freighter capacity." Its revenue is expected to exceed US$1.1 billion in the second quarter of 2022, Atlas forecast.
