Doesn't sound like it; tough times but better than Gemini:

NEW YORK (Associated Press) - Air freight company Atlas Air Worldwide Holdings Inc. cited the impact of fuel prices as it said Thursday its second-quarter profit fell more than 96 percent, even though sales rose.

The company said that for the three months ending June 30 it earned $1.5 million, or 7 cents a share, compared to a profit of $43.2 million, or $2.01 a share, for the same period a year ago.

Analysts surveyed by Thomson Financial were expecting earnings of 18 cents a share in the quarter, on average.

Revenue in the quarter rose more than 17 percent to $438.8 million, compared with $372.6 million for the same period a year ago.

Atlas Air said that based on the current fuel environment, it now expects pretax earnings in 2008 to total roughly $85 million. It reaffirmed its 2009 pretax earnings outlook of $165 million to $175 million. The company did not provide updated net income guidance. Analysts expect 2008 net income of $64.6 million and full-year 2009 net income of $107.7 million, on average.

Not included in the company's pretax earnings guidance for 2008 is a pretax gain of roughly $152.8 million expected to be recognized as income in the fourth quarter of 2008 for a long-term blocked space agreement with shipper DHL.