Atlas Air, as expected, had a rather good 2020: 2019’s losses of $293m turned into net profit of $360m – a turnaround of some $653m.
Adjusted ebitda rose 67% to $844m for the full year and Atlas now has plenty of funding flexibility in a market flushed with liquidity.
But perhaps the most interesting measure is cash: all cash and cash equivalents (including restricted) soared more than 650% to $856.3m. Not a …

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