A combination of slowing economic activity and concerns over a US-China trade war have led analysts Cowen to predict weaker growth from Atlas. “We are downgrading Atlas Air shares to Market Perform from Outperform. We believe we passed the peak in spot pricing due to airlines restarting operations and are concerned about slowing economic activity and a restart of trade tensions between the US & China ahead of the US election in November,” said Cowen. The analysts said that they saw downside risk to charter pricing as passenger airlines begin restarting operations, bringing belly capacity slowly back into the market
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