15-Feb-2011 12:42 PM

Atlas Air Worldwide Holdings revenue up 11.9% in 4Q2010

Atlas Air Worldwide Holdings reports (14-Feb-2011) the following financial highlights:

  • 3 months ended Dec-2010:
    • Operating revenue: USD359.7 million, +11.9% year-on-year;
    • Operating expenses: USD298.2 million, +10.7%;
      • Fuel: USD77.9 million, +7.7%;
      • Labour: USD60.5 million, +3.6%:
    • Operating income: USD61.5 million,+17.8%;
    • Net income: USD41.6 million, +47%;
  • 12 months ended Dec-2010:
    • Operating revenue: USD1,337.8 million, +26.0%;
    • Operating expenses: USD1,109.9 million, +21.8%;
      • Fuel: USD300.2 million, +49.2%;
      • Labour: USD238.2 million, +10.4%;
    • Operating income: USD227.9 million, +51.9%;
    • Net income: USD141.8 million, +82.3%. [more]

Atlas Air: “We expect to report strong earnings in 2011, with fully diluted earnings in excess of USD5.30 per share. We anticipate steadily improving results throughout the year, and our guidance includes our projection that we will receive and place into service three 747-8Fs from Boeing in the fourth quarter of 2011,” William J. Flynn, President and Chief Executive Officer of AAWW. Source: Company statement, 14-Feb-2011.

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