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Atlas posts $90m profit as cargo business soars

By Pilar Wolfsteller2021-05-05T17:56:00+01:00 Atlas Air Worldwide Holdings continues to profit from higher freight demand during the global health crisis, as long-haul passenger flights - and the belly cargo that is transported in them - are still far from pre-pandemic levels. The Purchase, New York-based parent company of cargo and charter carriers Polar Air, Atlas Air and Southern Air, on 5 May posted an $89.9 million profit for the first three months of the year, up from $23.4 million during the same period in 2020. The cargo and charter operator reports quarterly revenue of $861.3 million, up from $643.5 million in the first three months of 2020.

Atlas Air ends negotiation, to begin arbitration with pilots union

This story has been updated with comments from Atlas. Negotiations recently ended between Atlas Air Worldwide Holdings and the union representing its Atlas Air pilots, and the dispute between the parties will enter binding interest arbitration in mid-March, President and CEO John Dietrich announced during today’s earnings call. In response to the move to begin […]   Username

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