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Old 08-04-2010 | 06:19 PM
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744driver
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Joined: May 2010
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From: B767 CA
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For those still interested in Atlas Air...you can dig up the rest of the press release on the web.

Quote....

Press Release Source: Atlas Air Worldwide Holdings, Inc. On Tuesday August 3, 2010, 8:35 am EDT

PURCHASE, N.Y.--(BUSINESS WIRE)--Atlas Air Worldwide Holdings, Inc. (AAWW) (Nasdaq: AAWW - News), a leading global provider of air cargo assets and outsourced aircraft operating solutions, today announced strong revenues and earnings for the second quarter of 2010, driven by a continuing improvement in airfreight demand, a tight supply environment, a significant increase in Commercial Charter volumes and rates, and continued strength in military demand.

For the three months ended June 30, 2010, AAWW’s net income increased 188% to $32.7 million, or $1.25 per diluted share, on revenues of $356.2 million and pretax earnings of $61.7 million. Solid operating and financial results for the quarter compared with net income of $11.3 million, or $0.54 per share, on revenues of $240.0 million and pretax earnings of $17.8 million for the three months ended June 30, 2009.

Excluding one-time items, adjusted net income in the second quarter of 2010 increased 319% to $47.5 million, or $1.82 per share, compared with $11.3 million, or $0.54 per share, in the second quarter of 2009. Pretax earnings in the second quarter of 2010 included a net expense of $16.2 million for anticipated legal settlements, as well as a $2.2 million gain on disposal of aircraft assets. There were no one-time items in the second quarter of 2009.

For the six months ended June 30, 2010, AAWW recorded net income of $66.4 million, or $2.56 per diluted share, on revenues of $651.4 million and pretax earnings of $115.6 million. In 2009, AAWW’s six-month net income totaled $34.7 million, or $1.66 per diluted share, on revenues of $484.5 million and pretax earnings of $56.3 million.
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