2-Aug-2013 12:54 PM
Atlas Air Worldwide profits down in 2Q2013/1H2013; reaffirms full year outlook
Atlas Air Worldwide revenue down 5% - financial highlights:
- Three months ended 30-Jun-2013:
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- Total operating revenue: USD403.6 million, -5.0% year-on-year;
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- ACMI: USD182.0 million, +13.4%;
- Commercial charter: USD117.8 million, -2.5%;
- AMC charter: USD94.1 million, -31.8%;
- Dry leasing: USD6.2 million, +117%;
- Total operating costs: USD355.1 million, -3.7%;
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- Fuel: USD102.7 million, -12.6%;
- Labour: USD72.5 million, -1.2%;
- Operating profit: USD48.5 million, -13.6%;
- Net profit: USD20.1 million, -35.0%;
- Six months ended 30-Jun-2013:
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- Total operating revenue: USD780.9 million, -0.4%;
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- ACMI: USD363.1 million, +15.2%;
- Commercial charter: USD208.9 million, +5.6%;
- AMC charter: USD192.2 million, -25.9%;
- Dry leasing: USD10.0 million, +71.7%;
- Total operating costs: USD709.9 million, +0.4%;
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- Fuel: USD196.1 million, -7.6%;
- Labour: USD145.0 million, +0.6%;
- Operating profit: USD71.1 million, -7.4%;
- Net profit: USD40.1 million, -8.1%;
- Total assets: USD3406 million;
- Cash and cash equivalents: USD355.8 million;
- Total liabilities: USD2158 million. [more - original PR]
Atlas Air Worldwide: "We expect market growth during 2013 to be seasonal and second-half weighted. We anticipate a strong peak season in 2013 driven by demand for new consumer electronics, especially in the gaming sector. Based on our outlook for peak season and in line with our first-half performance, we continue to anticipate a sequential increase in our quarterly earnings throughout the year, with just under 80% of full-year adjusted EPS of approximately USD4.80 occurring in the second half." Source: Company statement, 01-Aug-2013.