Atlas Air earns profit
Atlas Air Worldwide Holdings Inc., parent company of Atlas Air Cargo and Polar Air Cargo, said it made a profit of $74 million on revenue of $1.6 billion during the 2005 calendar year.
The Purchase, N.Y.-based company said operating income was $193.3 million, including a $7.8 million insurance claim.
The charter firm said has improved the health of the company since coming out of bankruptcy in 2004 by increasing aircraft utilization and achieving higher unit revenues.
Atlas Air earns profit