Atlas Air Worldwide Holdings has reported first-quarter 2021 net income of US$89.9 million, compared to US$23.4 million in the first quarter of 2020. On an adjusted basis, EBITDA rose to US$181.3 million in the first quarter of 2021 compared with US$121.2 million in the prior-year period. Adjusted net income grew to US$72.2 million in the first quarter of 2021, compared to US$29.9 million in the prior-year period.
“Our performance was driven by the strength and flexibility of our global business model and our team continuing to capitalize on the current airfreight environment, with demand and yields that are well above typical seasonal levels,” said Atlas Air Worldwide President and Chief Executive Officer John W. Dietrich. “Our results also benefited from flying four 747 freighters and one 777 freighter that we reintroduced to our fleet throughout 2020 to serve customer demand.”
