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Atlas Air Worldwide Holdings revenue up 27.9% in 3Q2010

2-Nov-2010 1:05 PM

Atlas Air Worldwide Holdings revenue up 27.9% in 3Q2010:

  • Three months ended 30-Sep-2010:
    • Operating revenue: USD326.7 million, +27.9%;
      • ACMI: USD144.7 million, +19.1%;
      • Dry Leasing: USD2.2 million, +543.8%;
    • Operating costs: USD271.8 million, +19.8%;
      • Fuel: USD74.2 million, +56.3%;
      • Salaries, wages and benefits: USD56.2 million, +7.6%;
      • Landing fees and other rent: USD11.5 million, +10.1%;
    • Operating profit: USD54.9 million, +91.8%;
    • Net profit: USD34.0 million, +141.9%;
  • Nine months ended 30-Sep-2010:
    • Operating revenue: USD978.1 million, +32.2%;
      • ACMI: USD383.9 million, +7.0%;
      • Dry Leasing: USD5.4 million, -55.7%;
    • Operating costs: USD811.7 million, +24.6%;
      • Fuel: USD222.3 million, +72.5%;
      • Salaries, wages and benefits: USD177.7 million, +12.9%;
      • Landing fees and other rent: USD36.0 million, +27.4%;
    • Operating profit: USD166.3 million, +70.0%;
    • Net profit: USD100.4 million, +109.1%. [more]

Atlas Air Worldwide Holdings: “We expect 2010 to be a record year for the company and for commercial airfreight demand. We expect our fourth-quarter results to reflect seasonally strong commercial airfreight demand and continuing tight supply in widebody, long-haul markets. Based on our assumptions for the balance of 2010, we expect to report record adjusted EPS of more than USD5.40 per diluted share this year. Our outlook includes an expense of USD0.30 per diluted share in the fourth quarter of 2010 to perform previously unplanned maintenance on our 747-200 freighters to meet anticipated levels of demand in 2011,” William Flynn, President and CEO.