Originally Posted by
atpcliff
Hi!
I think Atlas has plenty of capital to do whatever they want.
DHL bought 49% of Polar, which is owned by Atlas. DHL has a deal with Atlas, and has the money to do whatever they want.
On the flipside, I read that UPS was trying to buy something like 1/3 of the stock of the PARENT company that owns DHL. So, maybe they're trying to buy/get control of DHL and Atlas all at the same time???
cliff
ABQ
PS-Don't respond to Flybycable's flamebait!
Income for the last four quarters.
Net Income43,185 6,197 45,702 7,082
Yes income last quarter was really nice but I don't think having a 43 Million dollar profit can begin to justify spending Billions on new aircraft. Atlas Holdings has been cutting back its Atlas operation by leasing and selling some of its aircraft to other companies and the DHL contract been helping its bottom line. 2006 report states that they have not been able to come up with financing necessary to buy these aircraft and unless that has changed they will have to sell the contract or come up with some cash. I dont care either way, just reading the financial statements.