3Q net income up 16% for Atlas

Atlas Air Worldwide Holdings reported third-quarter net income up 16.2% y-o-y to $26 million, as revenue rose 14.9% to $486 million. Operating income (EBIT) for the quarter was up 5.7% to $61 million.

The chart at right gives a detailed look at the company’s financial and operational performance, but here are some highlights by operating segment:

In other Atlas news, the company said it placed a 747-400F into ACMI service for Abu Dhabi-based Etihad Airways [FAT 001911]. This brings the number of freighters Atlas Air operates for Etihad to three (one 747-8F and two 747-400Fs) and the total number of Atlas 747 freighters in ACMI contracts to twenty-two (nine 747-8Fs and thirteen 747-400Fs).

Atlas also confirmed an upcoming expansion of its CMI flying operations for DHL Express in North America, saying it would add four more 767-200Fs to the five it already operates in North America for the German integrator, beginning in the first quarter of 2015.

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