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Atlas Air Worldwide Reports Strong Earnings

MIAMI – Riding the jet stream of growing global freight demand, Atlas Air Worldwide Holdings (Nasdaq: AAWW) today announced strong increases in volumes, revenue, and earnings for the fourth quarter and full year of 2020.

Net income for the fourth quarter was US$184m, compared to a net loss of US$410.2m, primarily due to a non-cash special charge, a year earlier.

For the full year of 2020 – when pandemic-related cargo demand surged around the world – the company reported a net income of US$360.3m. Reported results for the 12 months ended December 31, 2019, reflected a net loss of US$293.1m, which read more ⇒

Source:: “Airways Magazine”

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