Calls for Atlas Air to Repay US Bailout Funds

MIAMI – Atlas Air (5Y) has refused to heed calls from members of the US Congress and some members of the public to repay US$406m in COVID-19 bailout funds.

The primary reason given by those who want the funds repaid is the fact that cargo carriers have done well as a result of the pandemic, with many passenger planes with cargo hold space now grounded.

The airline has reported an eightfold increase in adjusted net income along with 25% more revenue in the third quarter compared to the previous year.

Atlas Air Boeing 767-300ER reg: N649GT Photo: Marco Macca read more ⇒

Source:: “Airways Magazine”

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