Atlas Air Raises Full-Year Outlook - Quick Facts

(RTTNews) - Atlas Air Worldwide Holdings, Inc. (AAWW) announced the company expects its full-year 2018 revenue to exceed $2.6 billion; adjusted EBITDA to increase to more than $525 million; and adjusted net income to increase near or above 50% compared with 2017 adjusted net income of $133.7 million. The company expects volumes for the year rising approximately 17% to around 297,000 block hours.

The company anticipates record fourth-quarter block hours, revenue, adjusted EBITDA and adjusted net income.

For the third-quarter, on an adjusted basis, income from continuing operations, net of taxes, increased $14.1 million to $43.8 million, or $1.54 per diluted share, from $29.7 million, or $1.08 per diluted share, in the year-ago quarter. Volumes in the third quarter of 2018 increased 14% to a record 73,672 block hours, with revenue growing 23% to $656.6 million.