Mark Nensel is the Managing Editor of Aviation Daily. Prior to taking the helm of daily production of Aviation Week's commercial aviation newsletter in 2018, Mark was a reporter and data analyst for Air Transport World.
Reflecting a 20% increase in volumes and a 17% rise in full-year revenues, Atlas Air Worldwide Holdings posted a $223.5 million net profit for 2017—a fivefold increase over the Purchase, New York-based air freight carrier’s $41.5 million net income for 2016.
Reflecting a 20% year-over-year (YOY) increase in volumes and a 17% rise in full-year revenue, Atlas Air Worldwide Holdings posted a $223.5 million net profit for 2017—a fivefold increase over the Purchase, New York-based airfreight carrier’s $41.5 million net income for 2016.
Mexico City-based ultra-LCC Volaris—faced with a very competitive low-cost market combined with fluctuating currency exchange rates—posted a MXP595 million ($30.2 million) full-year net loss for 2017, reversed from MXP3.5 billion net profit in 2016.
