Atlas Air Worldwide Holdings (AAWH) has reported a third-quarter net income of $28.2 million, down 16.6% compared to a $33.8 million net profit earned in the year-ago period.
AAWH's third-quarter revenue rose 11.1% year-over-year to $362.9 million, highlighted by a 12.9% lift in ACMI revenue to $163.4 million. Expenses increased 17.5% to $319.4 million including a 39.8% jump in aircraft fuel costs to $103.7 million. Third-quarter ACMI block hr. flown heightened 9% to 26,426 and ACMI revenue per block hr. improved 3.7% to $6,184.
AAWH Q3 net income down
