Atlas air worldwide reports first-quarter results, updates outlook

Atlas air worldwide reports first-quarter results, updates outlook.q1 adjusted earnings per share $1.15.q1 earnings per share $0.90.q1 revenue $643.5 million versus refinitiv ibes estimate of $627.7 million.q1 earnings per share estimate $0.05 -- refinitiv ibes data.expects 2q20 earnings growth.reached agreement with pilot unions at atlas air and southern air for interim pay increase of 10%, effective may 1.expect positive trends co is currently experiencing to continue throughout remainder of year.expect a majority of our earnings to occur in second half of this year.full-year 2020 guidance provided on february 20 of this year no longer applies.expect to fly approximately 80,000 block hours in q2 of 2020.sees q2 revenue of approximately $770 million.atlas air worldwide holdings - anticipate q2 adjusted net income to grow about 40% to 50%.expect that earnings in q2 will benefit from continued charter demand.
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