Atlas Air Worldwide increases earnings outlook

Atlas Air Worldwide is increasing its second-quarter and full-year 2018 earnings outlook. Reflecting the demand for its aircraft and services, Atlas now anticipates that its second-quarter adjusted income from continuing operations, net of taxes, will grow by 40% to 45% compared with first-quarter 2018 adjusted net income of $23.8 million, up from 30% to 35% growth expected previously. For the full year, Atlas expects its adjusted income from continuing operations, net of taxes, to rise 35% to 40% compared with 2017 adjusted net income of $133.7 million, an increase from our prior outlook of low- to mid-30% growth.