Atlas Air Worldwide reports first quarter 2019 results

Atlas Air Worldwide has suffered a first quarter 2019 net loss of $29.7 million, compared with reported income of $9.6 million, in the first quarter of 2018. Reported results for the latest quarter included an unrealised loss on outstanding warrants of $46.6 million compared with an unrealised loss on outstanding warrants of $7.7 million in the year-ago period. On an adjusted basis, net income in the first quarter of 2019 increased $3.5 million to $27.3 million, from adjusted income of $23.8 million, compared to the same period last year. “Our first-quarter results exceeded our expectations. We are benefitting from a