Mixed second-quarter results for Atlas

Atlas Air Worldwide Holdings (AAWW) reported net income up 47.5% y-o-y in the second quarter to $29.6 million, as total revenue rose 9.3% to $441.2 million. Operating income for the quarter was down 45.0% to $26.7 million. The odd discrepancy between net income and operating income was the result of one-time tax benefit of $24.0 […]

UPS package volumes rise 7%

A 7.2% increase in average daily package volume drove strong second-quarter operational performance for UPS. Total revenue for the quarter was up 5.6% to $14.27 billion, but the company took a one-time charge of $665 million (related to post-retirement health-care benefits), which drove net income down 57.6% y-o-y to $454 million, and operating profit down […]
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