Business in the Burbs

Atlas Air lowers 2008 guidance

October

Atlas Air Worldwide Holdings Inc., the Purchase company that transports cargo in Boeing 747s, has lowered its earnings expectations. The company said it expects pre-tax earnings from operations for the year to be more than $65 million. The company previously said it expected about $85 million.

The estimate does not include a pre-tax gain of $153.3 million the company expects to recognize in the fourth quarter once a long-term contract with DHL Express begins.

This entry was posted on Friday, October 10th, 2008 at 8:54 am by Allan Drury.
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