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Atlas Air Worldwide CEO: Record profit shows cargo operator is in 'transformative phase'

Atlas Air Worldwide Holdings is "in a transformative phase" in which it is solidifying profitability and is poised to escalate earnings further when new Boeing 747-8Fs begin delivering, President and CEO William Flynn told investors last week. Speaking to the Stifel, Nicolaus & Co. Transportation and Logistics Conference, available via webcast, he noted the company's record annual net profit of $143 million for 2010 reported last week, representing an 86% improvement over 2009 net income of $76.2 million.

Atlas Air Worldwide Holdings is "in a transformative phase" in which it is solidifying profitability and is poised to escalate earnings further when new Boeing 747-8Fs begin delivering, President and CEO William Flynn told investors last week. Speaking to the Stifel, Nicolaus & Co. Transportation and Logistics Conference, available via webcast, he noted the company's record annual net profit of $143 million for 2010 reported last week, representing an 86% improvement over ...

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