当前位置：新闻动态
US tax reform boosts Atlas Air profit 426pc annually, 630pc quarterly
来源： 编辑：编辑部 发布：2018/02/27 09:33:40
ATLAS AIR WORLDWIDE's 2017 operating profit soared 426.5 per cent year on year to US$224.3 million, drawn on revenues of a record $2.16 billion, up 17 per cent.
Fourth quarter net profit rocketed by a record 630 per cent year on year to $209.5 million, drawn on revenues of $628 million, up 18 per cent.
"We expect the new tax legislation to have a positive impact on economic activity and corporate growth," said Atlas said president and CEO William Flynn.
"On passage of the law, we were pleased to provide a one-time bonus of $1,000 to our global personnel in recognition of their hard work and commitment," he said.
"2017 was an exciting year for Atlas and we expect that to continue in 2018," said president and CEO William Flynn.
"The strategic initiatives that we have put in place over many years have transformed our company. Our focus on express, e-commerce and fast-growing Asian markets has broadened our customer base and fleet," he said.
"As a result, we were well-positioned to capitalise on market dynamics and deliver fourth quarter and full year volumes, revenues, EBITDA and net income that grew sharply compared to the prior year.
"In addition, our fourth quarter and full-year results benefited from the passage of the US Tax Cuts and Jobs Act in late December, which generated a significant gain related to the revaluation of our net deferred tax liabilities," Mr Flynn said.
Turning to 2018 and beyond, Mr Flynn said: "We are operating in a strong air freight environment, underpinned by global economic growth.
"We see tremendous opportunity for continued growth in the express and e-commerce markets, fuelled by a bourgeoning middle class with higher levels of disposable income. Further globalisation will require expansive and time-definite air networks to facilitate the international flow of goods.
"From a regional perspective, we believe Asia is key. It is an important geography to global trade, the source of 40 per cent of global air freight demand, and the main contributor to the expanding global middle class," Mr Flynn said.
Fourth quarter net profit rocketed by a record 630 per cent year on year to $209.5 million, drawn on revenues of $628 million, up 18 per cent.
"We expect the new tax legislation to have a positive impact on economic activity and corporate growth," said Atlas said president and CEO William Flynn.
"On passage of the law, we were pleased to provide a one-time bonus of $1,000 to our global personnel in recognition of their hard work and commitment," he said.
"2017 was an exciting year for Atlas and we expect that to continue in 2018," said president and CEO William Flynn.
"The strategic initiatives that we have put in place over many years have transformed our company. Our focus on express, e-commerce and fast-growing Asian markets has broadened our customer base and fleet," he said.
"As a result, we were well-positioned to capitalise on market dynamics and deliver fourth quarter and full year volumes, revenues, EBITDA and net income that grew sharply compared to the prior year.
"In addition, our fourth quarter and full-year results benefited from the passage of the US Tax Cuts and Jobs Act in late December, which generated a significant gain related to the revaluation of our net deferred tax liabilities," Mr Flynn said.
Turning to 2018 and beyond, Mr Flynn said: "We are operating in a strong air freight environment, underpinned by global economic growth.
"We see tremendous opportunity for continued growth in the express and e-commerce markets, fuelled by a bourgeoning middle class with higher levels of disposable income. Further globalisation will require expansive and time-definite air networks to facilitate the international flow of goods.
"From a regional perspective, we believe Asia is key. It is an important geography to global trade, the source of 40 per cent of global air freight demand, and the main contributor to the expanding global middle class," Mr Flynn said.