In another sign that the downturn in the air freight industry may be ending, cargo and charter operator Atlas Air Worldwide Holdings reported first-quarter 2010 net income of $33.8 million, up 44.5% from the same period in 2009. The company cited the resurgence in demand for air cargo, led by Asia-Pacific traffic, for the record profits. The region’s recovery is fueling a return in air cargo demand, says Atlas CEO William Flynn. “Global air freight demand is approaching its previous peak ...

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