Plus   Neg

Atlas Air Worldwide Maintains FY19 Outlook - Quick Facts

While reporting financial results for the first quarter, Atlas Air Worldwide Holdings, Inc. (AAWW) on Wednesday maintained its full-year 2019 guidance for earnings growth and revenues. The company also provided outlook for the second quarter.

For fiscal 2019, the company continues to anticipate adjusted net income to grow by a mid- to upper-single-digit percentage compared with 2018. However, the outlook now includes expected start-up expenses in 2019 associated with the new 737 CMI service, which were not incorporated in the full-year outlook announced in February 2019. The company also still projects full-year revenues to be about $3.0 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $7.62 per share on revenues of $3.00 billion for the year. Analysts' estimates typically exclude special items

For the second quarter, the company expects adjusted net income to grow slightly more than a mid-single-digit percentage of its full-year adjusted net income, with revenue of about $710 million.

Earnings in the second quarter will benefit from flying by the incremental aircraft added to the company's fleet during 2018.

Street is looking for earnings of $1.41 per share on revenues of $725.54 million for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration or FDA announced on its website that pharma major Pfizer, Inc. issued recall of two lots of tablets meant to treat acute migraine in adults for concerns over bacteria infection. The pharma company is recalling two lots of Relpax (eletriptan hydrobromide) 40 mg tablets for potential presence of Genus Pseudomonas and Burkholderia bacteria. Cosmetics company Revlon Inc. (REV) is reportedly considering a potential sale of parts or all of its business. According to Bloomberg, Revlon has retained financial advisers from Goldman Sachs Group Inc. to explore strategic alternatives. No deal has been reached yet, but Revlon is exploring all... China's Lenovo Group Ltd. warned it may have to raise prices of its products if the U.S. moves ahead with the decision to impose additional tariffs on Chinese goods, according to a report by Reuters. The warning by Lenovo, the world's largest PC maker, comes amid the escalating trade war between the U.S. and China that has raised concerns about the global economic outlook.
Follow RTT