Cash-rich Atlas Air – organic growth and M&A, ‘all options are on the table’

Atlas Air is considering M&A options, following the best financial quarter in its history.
It saw net income rise to $199.5m, up from $74.1m a year earlier, and revenues exceed $1bn.
“We’re evaluating M&A opportunities, both in our immediate space as well as potential adjacent spaces,” revealed CFO Spencer Schwartz in an earnings call.
“But we’re taking a disciplined approach, given the current valuation, so we’re being careful and thoughtful.
“We think organic growth …

The post Cash-rich Atlas Air – organic growth and M&A, ‘all options are on the table’ appeared first on The Loadstar.

Source: The Loadstar

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