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Atlas Air sees profits soar on the back of free money, as it ‘fails to read the room’

February 19, 2021 by Choice Aviation Services0Air CargoAtlas Air

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 …

The post Atlas Air sees profits soar on the back of free money, as it ‘fails to read the room' appeared first on The Loadstar.

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