Atlas Air Worldwide has seen its net income rise up with us dollar 27.1 million y-o-y for H1 2015 although the devaluation impact of the yuan on the cargo volumes.
William Flynn, Atlas Air chief executive and president said there had been good growth in air cargo in 2015, but said year on year comparisons suffered because 2014 was such a strong year despite signs of a slowdown in demand.
Flynn continued stating Atlas Air was seeing good demand for our aircraft and services as they enter the second half of 2015, as many of their customers are outperforming the overall market. We are working closely with our customers to provide them with the most efficient aircraft and effective operating services for their needs he stated.
Flynn’s comments come as IATA data shows a slowdown in cargo growth over May and June, with June registering an increase in freight ton kms (FTK) of 1.2% on a year earlier, while Asia Pacific, North American and Latin American carriers reporting declines.