.. subcription
    .. rss channels
    .. press releases
    .. contacts


            september 20, 2019

.. in english  .. по-русски  .. latviski    

LKW Walter

CCVS

Busworld 2019

  .. sitemap ..


  .. publications ..


  .. news ..


  .. advertisement ..





LKW Walter Rus
LKW Walter
VIA LATVIA
 
  .. partners ..

Indiaexportnews.com

Atlas Air expects that air freight volumes will continue to grow

  23.02.2011    

Atlas Air Worldwide Holdings (AAWW), a global provider of aircraft and operating services, has posted full-year 2010 adjusted net profit of US$150 million, an increase of 102 per cent, on revenues of $1.34 billion.
Adjusted net income for the fourth quarter ended December 31, rose by 23 per cent year on year to $41.4 million, on revenues of $359.7 million.
"Our revenues increased 26 per cent and our net income grew sharply, due to strong air freight demand, tight supply of wide-body, long-haul freighter aircraft," said William Flynn, president and CEO.
The report said pre-tax adjustments to earnings last year included a net expense of $16.1 million for legal settlements, partly offset by an $8.8 million litigation settlement receipt and a gain of $3.6 million on disposal of aircraft assets.
AAWW expects that air freight volumes will continue to grow, and that demand growth in the high-density Asian trade lanes will "continue to outpace global demand growth in 2011 and well into the future."
Shipments of hi-tech products, pharmaceuticals, automotive parts used in inventory replenishment and just-in-time management practices contributed to air freight strength.
Tight supply in wide-body, long-haul, heavy-freighter space continues to support rates and load factors, according to the Shipping Gazette.


.. search ..