News for Atlas Air Worldwide Holdings
Mar 5 · 12:03:00 PM · Source: Company Press Release
Boeing Awards Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) Long-Term Contract to Operate Dreamlifter Fleet in Support of 787 Dreamliner Program.
Beginning toward the latter part of 2010, Atlas Air will operate Boeing’s Dreamlifter fleet of four 747-400 aircraft that have been modified to transport major assemblies for the 787 Dreamliner from suppliers around the world to Boeing production facilities in the United States.
The parties have structured the nine-year agreement under which Atlas Air will receive contractually determined revenues for the operation of the Dreamlifter aircraft, with Boeing assuming responsibility for certain direct costs, including fuel. Under the CMI arrangement, Boeing will provide and maintain ownership of the aircraft assets.
Track · email · face · Twitter · digg · COMMENTS
by Steve Wieczorek
Feb 25 · 2:54:00 PM · Source: Company Press Release
Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), a leading provider of global air cargo assets and outsourced aircraft operating services, expects fourth-quarter 2009 net income to exceed $1.10 per diluted share, or $26.5 million, exceeding the Company's previous expectations of more than $0.74 per diluted share, or $18.0 million, for the quarter. Full-year 2009 net income is expected to total more than $3.48 per diluted share, or $75.9 million, compared with previous expectations of over $3.09 per diluted share, or $67.4 million.
For fiscal 2010, it expects net earnings of approximately $80.0 million, or $3.08 per diluted share. For the first quarter of 2010, it expects earnings to be consistent with the first-quarter 2009 results. The Company reported net profit of $21.16 million and earnings per share (EPS) of $1.01 for the first quarter of 2009. According to Reuters Estimates, analysts on an average are expecting the Company to report net profit of $71.5 million and EPS of $2.79 for fiscal 2010; net profit of $12.23 million and EPS of $0.47 for the first quarter of 2010.
“Our strong earnings performance in the fourth quarter was driven by a combination of a significantly improved peak-season airfreight demand, a tight supply environment, and continued strength in military charter demand,” said William J. Flynn, President and Chief Executive Officer of AAWW. “Results for the quarter and the full year also reflected the strategic actions we have taken to transform our business, our operating cost base, and our fleet throughout 2008 and 2009.
Track · email · face · Twitter · digg · COMMENTS
by Steve Wieczorek
Feb 17 · 2:36:00 PM
Atlas Air and Rock-It Cargo to Support Summer 2010 Metallica Tour Across South and Latin Americas. Atlas Air Worldwide Holdings, Inc. (AAWW) (Nasdaq: AAWW), a leading provider of global air cargo assets and outsourced aircraft operating services, announced today that its Atlas Air, Inc. operating unit has signed an agreement with its longtime customer, Rock-It Cargo, to support the upcoming tour dates of Rock and Roll Hall of Fame inductee, and globally renowned, rock band Metallica.
Atlas will operate six flights in support of the 2010 Metallica tour, delivering stage, lighting and heavy music equipment aboard its modern Boeing 747-400 freighters.
“Rock-It has successfully supported Madonna, The Police, Boeing, APR Energy, Cirque du Soleil, The PGA Tour, major trade shows, and major museums with their most critical freight logistics. "We choose to partner with Atlas Air because of their high-quality aircraft and strong operational support,” said David Bernstein, CEO of Rock-It Cargo.
Track · email · face · Twitter · digg · COMMENTS
by Steve Wieczorek
Advertisement