Atlas Cites Leased FedEx Aircraft As Earnings Fall

Atlas Air yesterday reported net earnings for the June quarter of $3.5 million compared with $10 million during the same quarter last year. Revenues rose 20% to $93.9 million and operating income was $16.4 million, down from $22.7 million. For the year to date, net income was $9.3 million, down from...

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