August 3 - Atlas Air Worldwide Holdings has posted an adjusted net income of USD29.4 million for the second quarter of 2015, compared with an adjusted net income of USD15.9 million for the same period in 2014.
However, the company saw a drop in reported net income, with a total of USD28.4 million in the second quarter of 2015, compared with USD29.6 million in the same period of 2014.
William J. Flynn, president and ceo of Atlas Air, said that its second quarter earnings were driven by contribution and margin strength in its ACMI (aircraft, crew, maintenance and insurance), charter and dry leasing business sectors.
For the first half of 2015, Atlas Air posted an adjusted net income of USD55.2 million, which was a significant rise over 2014, when the company reported an adjusted net income of USD27.1 million.
Atlas Air said that it was encouraged by its strong first-half performance, and it continues to anticipate significant growth in adjusted diluted earnings per share in 2015.
"We are seeing good demand for our aircraft and services as we enter the second half of 2015, as many of our customers are outperforming the overall market," added Flynn.
"As we gather additional insight into second-half demand, yields and military requirements, we continue to look forward to a strong year and a significant increase in earnings compared with 2014."