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Atlas Air posts flat quarterly profit of US$60 million on flat revenues

UPSTATE New York's NASDAQ-listed Atlas Air Worldwide Holdings reported a flat third quarter net profit which changed little year on year at US$60 million, drawn on flat revenues about which performance figures were not disclosed

Atlas Air posts flat quarterly profit of US$60 million on flat revenues

UPSTATE New York's NASDAQ-listed Atlas Air Worldwide Holdings reported a flat third quarter net profit which changed little year on year at US$60 million, drawn on flat revenues about which performance figures were not disclosed

05 November 2019 - 19:00

UPSTATE New York's NASDAQ-listed Atlas Air Worldwide Holdings reported a flat third quarter net profit which changed little year on year at US$60 million, drawn on flat revenues about which performance figures were not disclosed.

'Our third-quarter performance was affected by the uncertain global microenvironment, driven by ongoing tariff and trade tensions,' said chairman and CEO William Flynn.



'In addition to lower yields and volumes than we anticipated, labour-related service disruptions had a significant impact on our performance during the third quarter.



'Looking to the full year, we expect revenue of about $2.75 billion, adjusted EBITDA of approximately $500 million, and adjusted net income of approximately 60-65 per cent of our 2018 adjusted net income,' he said.


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