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Atlas Air Worldwide Holdings Inc (AAWW.OQ)

AAWW.OQ on NASDAQ Stock Exchange Global Select Market

59.07USD
7 Aug 2020
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Latest Key Developments (Source: Significant Developments)

Atlas Air Worldwide Reports First-Quarter Results, Updates Outlook
Thursday, 7 May 2020 

May 7 (Reuters) - Atlas Air Worldwide Holdings Inc ::ATLAS AIR WORLDWIDE REPORTS FIRST-QUARTER RESULTS, UPDATES OUTLOOK.Q1 ADJUSTED EARNINGS PER SHARE $1.15.Q1 EARNINGS PER SHARE $0.90.Q1 REVENUE $643.5 MILLION VERSUS REFINITIV IBES ESTIMATE OF $627.7 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.05 -- REFINITIV IBES DATA.EXPECTS 2Q20 EARNINGS GROWTH.REACHED AGREEMENT WITH PILOT UNIONS AT ATLAS AIR AND SOUTHERN AIR FOR INTERIM PAY INCREASE OF 10%, EFFECTIVE MAY 1.EXPECT POSITIVE TRENDS CO IS CURRENTLY EXPERIENCING TO CONTINUE THROUGHOUT REMAINDER OF YEAR.EXPECT A MAJORITY OF OUR EARNINGS TO OCCUR IN SECOND HALF OF THIS YEAR.FULL-YEAR 2020 GUIDANCE PROVIDED ON FEBRUARY 20 OF THIS YEAR NO LONGER APPLIES.EXPECT TO FLY APPROXIMATELY 80,000 BLOCK HOURS IN Q2 OF 2020.SEES Q2 REVENUE OF APPROXIMATELY $770 MILLION.ATLAS AIR WORLDWIDE HOLDINGS - ANTICIPATE Q2 ADJUSTED NET INCOME TO GROW ABOUT 40% TO 50%.EXPECT THAT EARNINGS IN Q2 WILL BENEFIT FROM CONTINUED CHARTER DEMAND.  Full Article

Atlas Air Worldwide Holdings Files For Potential Mixed Shelf Offering
Wednesday, 22 Apr 2020 

April 21 (Reuters) - Atlas Air Worldwide Holdings Inc ::ATLAS AIR WORLDWIDE HOLDINGS INC FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Atlas Air Worldwide Reports Q4 Adjusted Earnings Per Share Of $3.80 From Continuing Operations
Thursday, 20 Feb 2020 

Feb 20 (Reuters) - Atlas Air Worldwide Holdings Inc ::ATLAS AIR WORLDWIDE REPORTS FOURTH-QUARTER AND FULL-YEAR 2019 RESULTS, PROVIDES 2020 OUTLOOK.SEES FY 2020 REVENUE ABOUT $2.8 BILLION.Q4 ADJUSTED EARNINGS PER SHARE $3.80 FROM CONTINUING OPERATIONS.Q4 LOSS PER SHARE $15.86 FROM CONTINUING OPERATIONS.Q4 REVENUE $747 MILLION VERSUS REFINITIV IBES ESTIMATE OF $769.6 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $2.99 -- REFINITIV IBES DATA.SEES Q1 ADJUSTED NET INCOME RANGING FROM APPROXIMATELY BREAKEVEN TO A MODEST PROFIT.ATLAS AIR WORLDWIDE HOLDINGS - EXPECTS 2020 ADJUSTED EBITDA TO GROW BY MID-TEEN PERCENTAGE IN 2020 COMPARED WITH ADJUSTED EBITDA OF $504.8 MILLION IN 2019.ATLAS AIR WORLDWIDE HOLDINGS - EXPECTS ADJUSTED NET INCOME TO INCREASE BY HIGH-30% TO LOW-40% LEVEL IN 2020 VERSUS ADJUSTED NET INCOME OF $139.6 MILLION IN 2019.SAYS AIRCRAFT MAINTENANCE EXPENSE IN 2020 IS EXPECTED TO TOTAL APPROXIMATELY $380 MILLION.ATLAS AIR WORLDWIDE HOLDINGS - CORE CAPITAL EXPENDITURES, WHICH EXCLUDE AIRCRAFT AND ENGINE PURCHASES, PROJECTED TO TOTAL ABOUT $90 TO $100 MILLION IN 2020.  Full Article

Bain Capital Credit To Invest In Atlas Air Worldwide’S Titan Aircraft Leasing Business
Wednesday, 18 Dec 2019 

Atlas Air Worldwide Holdings Inc ::BAIN CAPITAL CREDIT TO INVEST IN ATLAS AIR WORLDWIDE’S TITAN AIRCRAFT LEASING BUSINESS.ATLAS AIR WORLDWIDE HOLDINGS INC - UNDER JOINT VENTURE, BAIN AND TITAN HAVE COMMITTED TO PROVIDE $360 MILLION AND $40 MILLION OF EQUITY CAPITAL, RESPECTIVELY.ATLAS AIR WORLDWIDE HOLDINGS INC - TITAN WILL ALSO PROVIDE AIRCRAFT- AND LEASE-MANAGEMENT SERVICES TO VENTURE.ATLAS AIR WORLDWIDE HOLDINGS - ATLAS AIR WORLDWIDE AND BAIN CAPITAL ENTERED INTO AGREEMENT TO FORM JV WITH AN ANTICIPATED VALUE OF ABOUT $1 BILLION.  Full Article

Atlas Air Worldwide Says Co And Southern Air Prevail In Appeals Court Ruling Against Teamsters Pilot Union
Friday, 22 Nov 2019 

Nov 21 (Reuters) - Atlas Air Worldwide Holdings Inc ::ATLAS AIR AND SOUTHERN AIR PREVAIL IN APPEALS COURT RULING AGAINST TEAMSTERS PILOT UNION.ATLAS AIR WORLDWIDE- SUBSIDIARIES ATLAS AIR, SOUTHERN AIR PREVAIL IN ANOTHER LEGAL DISPUTE WITH UNION THAT REPRESENTS ITS PILOTS IN ONGOING TALKS.ATLAS AIR WORLDWIDE - DECISION BY U.S. COURT OF APPEALS FOR SECOND CIRCUIT AFFIRMS A MARCH 13, 2018, DECISION BY SOUTHERN DISTRICT COURT OF NEW YORK.ATLAS AIR WORLDWIDE - RULING FROM A THREE-JUDGE PANEL UPHELD LOWER-COURT ORDER THAT BLOCKED UNION FROM CONTINUING TO ENGAGE IN "IMPROPER" ACTIVITIES.  Full Article

Atlas Air Worldwide Reports Q3 Earnings Per Share $2.32 From Continuing Operations
Wednesday, 30 Oct 2019 

Oct 30 (Reuters) - Atlas Air Worldwide Holdings Inc ::ATLAS AIR WORLDWIDE REPORTS THIRD-QUARTER RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.37 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE $2.32 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE ESTIMATE $1.02 -- REFINITIV IBES DATA.SEES FY 2019 REVENUE ABOUT $2.75 BILLION.Q3 ADJUSTED EARNINGS PER SHARE $0.37.UPDATING FULL-YEAR OUTLOOK.LOOKING TO FULL YEAR, WE EXPECT ADJUSTED EBITDA OF APPROXIMATELY $500 MILLION.LOOKING TO FULL YEAR, WE EXPECT ADJUSTED NET INCOME OF APPROXIMATELY 60-65% OF OUR 2018 ADJUSTED NET INCOME.EXPECT TO FLY APPROXIMATELY 325,000 BLOCK HOURS THIS YEAR.AIRCRAFT MAINTENANCE EXPENSE IN 2019 IS EXPECTED TO TOTAL APPROXIMATELY $380 MILLION.ATLAS AIR WORLDWIDE - CORE CAPITAL EXPENDITURES ARE PROJECTED TO TOTAL APPROXIMATELY $135 TO $145 MILLION IN 2019.THIRD-QUARTER PERFORMANCE WAS AFFECTED BY UNCERTAIN GLOBAL MACROENVIRONMENT, DRIVEN BY ONGOING TARIFF AND TRADE TENSIONS.LABOR-RELATED SERVICE DISRUPTIONS HAD A SIGNIFICANT IMPACT ON OUR PERFORMANCE DURING Q3.ATLAS AIR WORLDWIDE - Q3 RESULTS INCLUDED UNREALIZED GAIN ON OUTSTANDING WARRANTS OF $83.2 MILLION, PARTIALLY OFFSET BY SPECIAL CHARGE, NET, OF $18.9 MILLION.  Full Article

Atlas Air Worldwide Announces Passing Of Board Chairman Robert Agnew
Friday, 23 Aug 2019 

Aug 23 (Reuters) - Atlas Air Worldwide Holdings Inc AAWW.O::ATLAS AIR WORLDWIDE ANNOUNCES PASSING OF BOARD CHAIRMAN ROBERT AGNEW.ATLAS AIR WORLDWIDE HOLDINGS INC - WILLIAM FLYNN HAS BEEN ELECTED CHAIRMAN OF BOARD, EFFECTIVE IMMEDIATELY.  Full Article

Atlas Air Prevails In Court Ruling Against Pilot Union For Illegal Slowdown
Monday, 8 Jul 2019 

July 8 (Reuters) - Atlas Air Worldwide Holdings Inc ::ATLAS AIR PREVAILS IN COURT RULING AGAINST PILOT UNION FOR ILLEGAL SLOWDOWN.ATLAS AIR - U.S. COURT OF APPEALS FOR DISTRICT OF COLUMBIA HAS AFFIRMED A FEDERAL DISTRICT COURT RULING.ATLAS AIR - COURT RULING ORDERED INTERNATIONAL BROTHERHOOD OF TEAMSTERS TO STOP AN INTENTIONAL WORK SLOWDOWN BY ATLAS PILOTS.ATLAS AIR - UNANIMOUS RULING FROM A THREE-JUDGE PANEL BLOCKS UNION FROM CONTINUING TO ENGAGE IN "IMPROPER ACTIVITIES".ATLAS AIR - COURT OF APPEALS AFFIRMED DISTRICT COURT'S DECISION THAT IBT MUST MAINTAIN STATUS QUO UNDER RLA.  Full Article

Atlas Air Worldwide Says William Flynn To Become Chairman Of Board
Tuesday, 2 Jul 2019 

July 2 (Reuters) - Atlas Air Worldwide Holdings Inc ::ATLAS AIR WORLDWIDE ANNOUNCES LEADERSHIP TRANSITION PLAN.ATLAS AIR WORLDWIDE HOLDINGS INC - WILLIAM J. FLYNN TO BECOME CHAIRMAN OF BOARD ON JANUARY 1, 2020.ATLAS AIR WORLDWIDE HOLDINGS INC - JOHN W. DIETRICH TO BECOME PRESIDENT AND CHIEF EXECUTIVE OFFICER.ATLAS AIR WORLDWIDE HOLDINGS - ROBERT AGNEW, CURRENT CHAIRMAN OF BOARD, WILL BECOME BOARD'S LEAD INDEPENDENT DIRECTOR, EFFECTIVE JANUARY 1, 2020.  Full Article

Southern Air Prevails Against Pilot Union In Labor Arbitration
Friday, 14 Jun 2019 

June 13 (Reuters) - Atlas Air Worldwide Holdings Inc ::SOUTHERN AIR PREVAILS AGAINST PILOT UNION IN LABOR ARBITRATION.ATLAS AIR - SOUTHERN AIR PREVAILED IN ARBITRATION AGAINST UNION REPRESENTING SOUTHERN'S PILOTS, AIRLINE PROFESSIONALS ASSOCIATION, TEAMSTERS LOCAL 1224.  Full Article