Atlas Air Worldwide Holdings Inc logo

AAWW - Atlas Air Worldwide Holdings Inc News Story

$73.3 -0.7  -1.0%

Last Trade - 10/05/21

Sector
Industrials
Size
Mid Cap
Market Cap £1.51bn
Enterprise Value £2.63bn
Revenue £2.43bn
Position in Universe 2158th / 6853

BUZZ-Atlas Air Worldwide: Rises as Q4 beats on cargo demand surge

Thu 18th February, 2021 5:34pm
** Aircraft leasing co's shares  AAWW.O  up 2% at $57.11 
    ** Co posts Q4 adj. profit $4.83/share, above est of
$3.51/share, according to Refinitiv IBES  urn:newsml:reuters.com:*:nGNX78p6WC
    ** Reports Q4 rev of $932.5 mln, above est of $878.4 mln
    ** Co says higher rev of charter segment, primarily driven
by rise in commercial cargo yields and demand for co's services
    ** Says Q4 volumes rose ~14% to 96,079 block hours 
    ** Co expects to fly ~85,000 block hours, rev of $820 mln in
Q1
    ** Sees Q1 2021 adjusted net income to grow ~60%-65% from
$29.9 mln a year earlier
    ** AAWW shares up ~3% this year, as of last close

 (Reporting by Lasya Priya M in Bengaluru)
 ((LasyaPriya.M@thomsonreuters.com;))
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