Spencer Schwartz, CFO of Atlas Air Worldwide Holdings, Inc. (AAWW), says the company is expecting positive 2015 financial results after strong earnings in the first quarter. As such, management has enhanced its outlook for 2015 and expects full-year results to increase significantly as compared to 2014.
“We had a really good 2014,” he says. “Airfreight was strong all throughout the year, and we had a very good end to the year. And then, we reported strong earnings in the first quarter of 2015.”
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Schwartz says management’s outlook reflects the key initiatives they’ve undertaken to diversify the company’s business mix, drive business resilience and generate earnings for shareholders.
“We are also benefiting from improving airfreight demand and from the operating leverage in our business model, which has enabled us to enhance the utilization of our aircraft and capitalize on market opportunities,” he says.
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