Atlas reports Q2 results

Atlas Air Worldwide Holdings has recorded a second-quarter net income of $29.6 million, up 47.5% from the $20 million net profit reported in Q2 2013.Atlas CEO William Flynn said: “Our second-quarter results illustrate the positive contributions being generated by the investments we’ve made and the initiatives we’ve undertaken. In the face of an uncertain airfreight market and an anticipated decline in military cargo demand we have diversified our business mix and are driving business resilience.”For the second quarter, Atlas Air’s consolidated operating revenue increased 9.3% year-on-year to $441.2 million. Operating expenses grew 16.7% year-over-year to $414.5 million. Consolidated operating income