President and CEO William Flynn said the company achieved strong results even as the overall air cargo market has “underperformed expectations this year.” He said AAWH expects “strong, double-digit earnings growth” for the full year, though not as robust as previously anticipated “given the relative underperformance of the airfreight market to date this year and the softer-than-expected peak season that is materializing.”
AAWH earned $62.3 million in operating income in the third quarter, up 43.2% year-over-year. Block hrs. flown in its core ACMI business rose 7.7% to 28,451 and revenue per ACMI block hr. increased 1% to $6,247.
(Aaron Karp - ATWOnline News)
1 comment:
Earning a whopping $33.9 million over the net profit for the prior-year period only proves that the airline is doing better this year. Congratulations AAWH!
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