New York-based Atlas Air reported a 26 percent increase in nine-months revenue to $2.9 billion from $2.3 billion in the corresponding period last year on higher yields and increased aircraft utilisation.
For the 3-months ended September 30, Atlas Air reported revenue of over $1 billion, an increase of 26 percent.
“We flew over 90,000 block hours and generated quarterly revenue that exceeded $1.0 billion for the first time in our company’s history,” said 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 utilization of our aircraft, and safely serve our customers and the global supply chain."
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