Atlas Air Worldwide reports strong third-quarter results

©Atlas Air Worldwide

Atlas Air Worldwide Holdings has reported strong third-quarter 2021 results, including net income of US$119.5 million, compared with net income of US$74.1 million in the third quarter of 2020.

On an adjusted basis, EBITDA grew sharply to US$280.5 million in the third quarter this year compared with US$196.3 million in the third quarter of 2020. Adjusted net income in the third quarter of 2021 increased to US$145.4 million compared with US$82.7 million in the third quarter of 2020.

“We delivered outstanding financial and operating results in the third quarter. We flew over 90,000 block hours and generated quarterly revenue that exceeded US$1.0 billion for the first time in our company’s history,” said Atlas Air Worldwide President and Chief Executive Officer John W. Dietrich.

“Our strategic focus on express, e-commerce and fast-growing global markets is driving robust demand for our services and producing strong financial performance. In a very challenging pandemic operating environment, our team pulled together to increase utilisation of our aircraft, and safely serve our customers and the global supply chain.” (£1.00 = US$1.37 at time of publication).

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