Atlas Air Worldwide Holdings, which emerged from Chapter 11 in July 2004, reported net income of $675,000 for the first quarter ended March 31, reversing a $58.6 million net loss in the year-ago period. Results for the 2005 quarter included $1.6 million in post-emergence costs and related professional fees, while results from the 2004 first quarter included $9.4 million in pre-petition costs. "Our first-quarter net profit, albeit modest, is an important achievement," President and CEO ...

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