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Atlas Air 2009 results expected to exceed guidance

5-Feb-2010 1:16 PM

Atlas Air Worldwide Holdings stated (04-Feb-2010) it expects 4Q2009 net profit to reach USD26.5 million (USD1.10 per diluted share), exceeding the company’s previous expectation of USD18.0 million (USD 74 cents per diluted share), while FY2009 results are expected to reach USD75.9 million (USD3.48 per diluted share), exceeding its previous expectation of USD67.4 million (USD3.09 per diluted share). Atlas Air is scheduled to report its 2009 financial results on 24-Feb-2010. [more]

Atlas Air: “The fourth quarter reflected encouraging trends for airfreight generally, and was consistent with the views of tightening supply that we expressed throughout 2009. Although airfreight demand levels improved meaningfully in the fourth quarter of 2009, the charter yields experienced in the quarter have seasonally subsided going into first quarter of 2010. We will continue to closely monitor the pace of economic growth going into 2010 as a driver of further improvement,” William Flynn, President & CEO. Source: Atlas Air, 04-Feb-2010.