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The latest company to feel the ‘Amazon effect’ is not a bricks-and-mortar retailer

The latest company to feel an ‘Amazon effect’ is not a bricks-and-mortar retailer, struggling to compete with the e-commerce giant.

Atlas Air Worldwide Holdings Inc. AAWW, -6.93% , a provider of outsourced aircraft and aviation operating services, said Wednesday that costs incurred in the quarter because of a new venture with Amazon.com Inc. AMZN, -0.78% were part of the reason its profit and revenue fell way short of estimates.

Read also:Target is the latest retailer to feel the ‘Amazon effect’

In May, Atlas announced it would provide air cargo services for Amazon, helping it to build out its delivery network.

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