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Financial report summary
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Atlas Air WorldwideManagement Discussion
- External customer revenues from continuing operations increased by $25.1 million, or 1%, to $2,070.6 million during 2023 compared to 2022. Customer revenues increased in 2023 for aircraft leasing and aviation fuel sales, compared to the previous year periods. Revenues for 2022 and 2021 were $2,045.5 million and $1,734.3 million respectively.
- Consolidated earnings from continuing operations were $59.7 million for 2023 compared to $196.4 million for 2022 and $229.0 million for 2021. Pre-tax earnings from continuing operations were $84.2 million for 2023 compared to $260.5 million for 2022 and $301.2 million for 2021. Earnings were affected by the following specific events and certain adjustments that do not directly reflect our underlying operations among the years presented.
- •On a pre-tax basis, earnings included net losses of $1.0 million and net gains of $9.0 million and $30.0 million for 2023, 2022 and 2021, respectively, for the gains or losses related to the repurchase of debt as well as financial instrument valuations, including warrants granted to Amazon.