Q1 results bring clearer skies for Atlas Air and ATSG and pilot dispute softens

Both Atlas Air and ATSG enjoyed year-on-year improvement in their first-quarter results, lifted by soaring demand for air freight.
Atlas Air has also showed a softening in its relations with pilots, offering them a 10% pay increase while negotiations continue.
ATSG saw customer revenues grow 12% to $389.3m, while adjusted earnings from continuing operations (non-GAAP) rose 13%, to $29.3m. Adjusted ebitda from continuing operations (non-GAAP) increased 9%, to $124m
Atlas boasted first-quarter 2020 net income of …

The post Q1 results bring clearer skies for Atlas Air and ATSG and pilot dispute softens appeared first on The Loadstar.

Source: The Loadstar

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