Atlas reports revenue increase in 2022

Atlas Air has reported net income of $355.9 million ($10.53 per diluted share), adjusted net income of $418 million (or $14.23 per diluted share) and earnings [EBIDTA] of $899.2 million for 2022, with the fourth quarter (Q4 2022) equivalents coming in at $126 million, $153.1 million and $286.8 million, respectively. EBIDTA was down on the $1.1bn reported for the previous 12 months. Revenue hit $1.21bn in Q4 2022 compared with $1.16bn in 2021, with volumes at 84,916 block hours compared with 91,985 the year before. Full-year revenue hit $4.5bn, up $500 million on 2021. The revenue increase stemmed from charges