Atlas Air Worldwide Reports Second-Quarter 2020 Results
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Atlas Air Worldwide Holdings (AAWW) Tops Q2 EPS by $2.58
August 6, 2020 8:02 AM EDTAtlas Air Worldwide Holdings (NASDAQ: AAWW) reported Q2 EPS of $4.71, $2.58 better than the analyst estimate of $2.13. Revenue for the quarter came in at $825.3 million versus the consensus estimate of $754.55 million.
2020 Outlook:
Reflecting our first-half results and our current market expectations for the balance of the year, and subject to any material COVID-19 developments, we expect to fly more than 330,000 block hours in 2020, with about 70% of the hours in ACMI and the remainder in Charter.
We also anticipate revenue of just over $3 billion and adjusted EBITDA... More
