Atlas Air Worldwide Holdings, Inc. Reports Preliminary June System Statistics and Traffic Results; June Block Hours Up 11.1%, Year-To-Date Hours Up 8.5%.PURCHASE, N.Y. -- Atlas Air Atlas Air is an American cargo airline based in Purchase, New York, United States. It operates scheduled freight flights on an ACMI contract basis for some of the world's leading airlines, flying to 101 cities in 46 countries. Worldwide Holdings, Inc. (AAWW AAWW Asian American Writers' Workshop AAWW Alpaca Association of Western Washington AAWW Anti-Air Warfare Warship ) (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : AAWW.PK), a leading provider of global air cargo air cargo: see aviation. services, today reported preliminary system statistics and traffic results for June June: see month. 2005 and for the six-month period ended June 30, 2005. Results for the reported periods reflect AAWW's active efforts to maximize In a graphical environment, to enlarge a window to the full size of the screen. See Win Maximize windows. profit and minimize In a graphical environment, to hide an application that is currently displayed on screen. For example, in Windows and Mac, the application's window is removed from the screen and represented by an icon on the Windows Taskbar. In the Mac, the icon is placed in the Dock. See Win Minimize windows. risk by optimizing the allocation The apportionment or designation of an item for a specific purpose or to a particular place. In the law of trusts, the allocation of cash dividends earned by a stock that makes up the principal of a trust for a beneficiary usually means that the dividends will be treated as of available capacity among the Company's four service types in line with prevailing business opportunities and market conditions. Total block-hour activity during June increased 11.1% compared with the same month in 2004, while the average number of aircraft operated increased 8.3%. Block hours In aviation, block hours is the time between an aircraft leaving from the departure gate and ariving at the destination gate. operated in the ACMI ACMI Aircraft, Crew, Maintenance and Insurance (wet lease) ACMI Art & Creative Materials Institute ACMI Air Combat Maneuvering Instrumentation ACMI American College of Medical Informatics ACMI Australian Center for the Moving Image segment increased 45.3% year over year, while Military Charter segment hours increased 12.3% and Commercial Charter segment hours rose 48.9%. Within the Scheduled Service business segment, traffic (as measured by revenue ton miles 1. (Railroads) A unit of measurement of the freight transportation performed by a railroad during a given period, usually a year, the total of which consists of the sum of the products obtained by multiplying the aggregate weight of each shipment in tons during the given "RTM's") decreased 23.1% year over year, while capacity (as measured by available ton miles "ATM's") decreased 29.0% year over year, resulting in an increased load factor of 67.0% in June compared with 61.9% in June 2004. During June, AAWW operated an average of 39.0 widebody 747 aircraft compared with an average of 36.0 in June 2004. Total block-hour activity for the six months ended June 30, 2005, increased 8.5% versus the six months ended June 30, 2004, while the average number of aircraft operated rose 3.3%. Block hours operated in the ACMI segment rose 37.0% during the first six months of 2005, while Military Charter segment hours increased 27.5% and Commercial Charter segment hours grew 76.0%. Within the Scheduled Service business segment, traffic decreased 29.2% (in RTM (1) (RealTime Model) Refers to a system or architecture that performs operations in real time. See real time. (2) (Release/Released To M terms) versus the six months ended June 30, 2004, and capacity (in ATM's) decreased 33.2%, resulting in an increased load factor of 65.1% for the 2005 period compared with 61.4% for the 2004 period. For the six months ended June 30, 2005, AAWW operated an average of 39.1 widebody 747 aircraft versus an average of 37.8 aircraft in the first six months of 2004. The preliminary system statistics and traffic results tables that follow do not constitute financial statements, were not prepared in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with generally accepted accounting principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting , and do not contain all of the disclosures required by generally accepted accounting principles or by the Securities Exchange Act of 1934, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , or any other prescribed pre·scribe v. pre·scribed, pre·scrib·ing, pre·scribes v.tr. 1. To set down as a rule or guide; enjoin. See Synonyms at dictate. 2. To order the use of (a medicine or other treatment). form or format. AAWW cautions readers not to place undue reliance upon the information contained in these statistics and results, which may be adjusted from time to time. These statistics and results, which have not been audited, may not be indicative indicative: see mood. of AAWW's financial statements in reports that would be required to be filed pursuant to the Securities Exchange Act of 1934, as amended. About Atlas Air Worldwide Holdings, Inc.: AAWW is the parent company of Atlas Air, Inc. (Atlas Atlas, in Greek mythology Atlas (ăt`ləs), in Greek mythology, a Titan; son of Iapetus and Clymene and the brother of Prometheus. ) and Polar Air Cargo Polar Air Cargo is an American cargo airline based in Purchase, New York, USA. It operates scheduled all-cargo services to Asia, Europe, Australia, New Zealand and the Americas. Its main base is John F. , Inc. (Polar), which together operate the world's largest fleet of Boeing (language) BOEING - An early system on the IBM 1130. [Listed in CACM 2(5):16, May 1959]. 747 freighter aircraft. Atlas is the world's leading provider of ACMI (aircraft, crew, maintenance and insurance) freighter aircraft to major airlines around the globe. Polar is among the world's leading providers of airport-to-airport freight The price or compensation paid for the transportation of goods by a carrier. Freight is also applied to the goods transported by such carriers. The liability of a carrier for freight damaged, lost, or destroyed during shipment is determined by contract, statute, or carriage carriage, wheeled vehicle, in modern usage restricted to passenger vehicles that are drawn or pushed, especially by animals. Carriages date from the Bronze Age; early forms included the two-wheeled cart and four-wheeled wagon for transporting goods. . Polar operates a global, scheduled-service network and serves major trade lanes of the world. Through both of its principal subsidiaries, AAWW also provides commercial and military charter services. AAWW's press releases, SEC filings and other information may be accessed through the Company's home page, www.atlasair.com. This release contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 that reflect AAWW's current views with respect to certain current and future events and financial performance. Such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the operations and business environments of AAWW and its subsidiaries (collectively, the "companies") that may cause the actual results of the companies to be materially different from any future results, express or implied Inferred from circumstances; known indirectly. In its legal application, the term implied is used in contrast with express, where the intention regarding the subject matter is explicitly and directly indicated. , in such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: the ability of the companies to operate pursuant to the terms of their financing facilities; the ability of the companies to obtain and maintain normal terms with vendors and service providers; the companies' ability to maintain contracts that are critical to their operations; the ability of the companies to fund and execute their business plan; the ability of the companies to attract, motivate and/or and/or conj. Used to indicate that either or both of the items connected by it are involved. Usage Note: And/or is widely used in legal and business writing. retain key executives and associates; the ability of the companies to attract and retain customers; the continued availability of our widebody aircraft; demand for cargo services in the markets in which the companies operate; economic conditions; the effects of any hostilities hos·til·i·ty n. pl. hos·til·i·ties 1. The state of being hostile; antagonism or enmity. See Synonyms at enmity. 2. a. A hostile act. b. hostilities Acts of war; overt warfare. or act of war (in the Middle East or elsewhere) or any terrorist attack; labor costs and relations; financing costs; the cost and availability of war risk insurance; our ability to remedy The manner in which a right is enforced or satisfied by a court when some harm or injury, recognized by society as a wrongful act, is inflicted upon an individual. The law of remedies is concerned with the character and extent of relief to which an individual who has brought weaknesses in our internal controls over financial reporting; aviation fuel costs; security-related costs; competitive pressures on pricing (especially from lower-cost competitors COMPETITORS, French law. Persons who compete or aspire to the same office, rank or employment. As an English word in common use, it has a much wider application. Ferriere, Dict. de Dr. h.t. ); volatility Volatility 1. A statistical measure of the tendency of a market or security to rise or fall sharply within a period of time. 2. A variable in option pricing formulas that denotes the extent to which the return of the underlying asset will fluctuate between now and the in the international currency markets; weather conditions; government legislation and regulation; consumer perceptions of the companies' products and services; pending and future litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. ; the market acceptance of AAWW's new common stock; and other risks and uncertainties set forth from time to time in AAWW's reports to the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities and Exchange Commission. Other factors and assumptions not identified above are also involved in the preparation of forward-looking statements, and the failure of such other factors and assumptions to be realized may also cause actual results to differ materially from those discussed. AAWW assumes no obligation to update such statements contained in this release to reflect actual results, changes in assumptions or changes in other factors affecting such estimates other than as required by law.
Atlas Air Worldwide Holdings
Preliminary System Statistics & Traffic Results
2005
OPERATING STATISTICS Jan Feb Mar
Operating Fleet (average during the month)*
Aircraft count(1) 39.4 39.0 39.0
Block Hours
Scheduled Service 2,940.1 2,682.5 3,460.0
Commercial Charter 494.5 467.3 270.9
Military Charter 2,241.8 1,952.3 2,036.9
ACMI 6,927.5 5,919.2 7,639.9
Non Revenue 72.3 71.2 120.5
--------- --------- ---------
Total Block Hours 12,676.2 11,092.5 13,528.1
Scheduled Service Traffic
RTM's (000's) 101,851.3 101,328.8 133,485.7
ATM's (000's) 170,036.1 157,362.5 202,299.3
Load Factor 59.9% 64.4% 66.0%
(1) Operating Fleet excludes the following aircraft count that are dry
leased or out of service:
Dry Leased 3.3 3.0 3.0
Out of Service* 0.3 1.0 1.0
* Includes the impact of one aircraft that was damaged and removed
from service on January 24 with respect to which AAWW has negotiated
a cash-in-lieu-of-repair settlement with its insurance carriers.
Atlas Air Worldwide Holdings
Preliminary System Statistics & Traffic Results
2005
OPERATING STATISTICS Apr May June Y-T-D
Operating Fleet (average during
the month)*
Aircraft count(1) 39.0 39.0 39.0 39.1
Block Hours
Scheduled Service 3,688.5 3,002.1 3,244.1 19,017.3
Commercial Charter 336.2 262.8 399.3 2,231.0
Military Charter 2,277.9 2,632.3 2,597.0 13,738.2
ACMI 7,843.7 7,508.8 7,258.8 43,097.9
Non Revenue 54.9 85.7 62.4 467.0
--------- --------- --------- ----------
Total Block Hours 14,201.2 13,491.6 13,651.7 78,551.3
Scheduled Service Traffic
RTM's (000's) 141,103.7 117,387.0 127,139.9 722,296.4
ATM's (000's) 214,324.3 176,118.2 189,743.3 1,109,883.6
Load Factor 65.8% 66.7% 67.0% 65.1%
(1) Operating Fleet excludes the following aircraft count that are dry
leased or out of service:
Dry Leased 3.0 3.0 3.0 3.1
Out of Service* 1.0 1.0 -- 0.7
* Includes the impact of one aircraft that was damaged and removed
from service on January 24 with respect to which AAWW has negotiated
a cash-in-lieu-of-repair settlement with its insurance carriers.
Atlas Air Worldwide Holdings
Preliminary System Statistics & Traffic Results
2004
OPERATING STATISTICS Jan Feb Mar
Operating Fleet (average during the month)
Aircraft count(1) 40.0 38.8 38.0
Block Hours
Scheduled Service 4,199.5 4,666.3 5,043.9
Commercial Charter 264.8 209.4 134.4
Military Charter 1,212.6 1,583.6 1,740.7
ACMI 4,245.2 5,064.6 6,401.9
Non Revenue 84.6 115.5 100.6
--------- --------- ---------
Total Block Hours 10,006.6 11,639.4 13,421.4
Scheduled Service Traffic
RTM's (000's) 127,448.4 167,848.2 194,438.5
ATM's (000's) 243,013.5 274,480.2 297,731.1
Load Factor 52.4% 61.2% 65.3%
(1) Operating Fleet excludes the following aircraft count that are dry
leased or out of service:
Dry Leased 4.0 4.0 4.0
Out of Service 7.0 7.0 4.6
Atlas Air Worldwide Holdings
Preliminary System Statistics & Traffic Results
2004
OPERATING STATISTICS Apr May June Y-T-D
Operating Fleet (average during
the month)
Aircraft count(1) 37.9 36.1 36.0 37.8
Block Hours
Scheduled Service 5,111.1 4,721.7 4,541.3 28,283.8
Commercial Charter 203.1 187.7 268.2 1,267.6
Military Charter 1,851.6 2,072.5 2,313.0 10,774.0
ACMI 5,468.4 5,279.9 4,994.1 31,453.9
Non Revenue 83.3 112.4 94.0 590.4
--------- --------- --------- ----------
Total Block Hours 12,717.5 12,374.2 12,210.7 72,369.7
Scheduled Service Traffic
RTM's (000's) 186,932.3 177,657.0 165,344.4 1,019,668.7
ATM's (000's) 301,720.6 277,574.7 267,078.8 1,661,598.7
Load Factor 62.0% 64.0% 61.9% 61.4%
(1) Operating Fleet excludes the following aircraft count that are dry
leased or out of service:
Dry Leased 4.0 4.0 4.0 4.0
Out of Service 4.0 4.0 4.0 5.1
Atlas Air Worldwide Holdings
Preliminary System Statistics & Traffic Results
Percentage Change 2005 vs. 2004
OPERATING STATISTICS Jan Feb Mar
Operating Fleet (average during
the month)
Aircraft count(1) (1.5%) 0.4% 2.6%
Block Hours
Scheduled Service (30.0%) (42.5%) (31.4%)
Commercial Charter 86.8% 123.2% 101.5%
Military Charter 84.9% 23.3% 17.0%
ACMI 63.2% 16.9% 19.3%
Non Revenue (14.6%) (38.4%) 19.7%
--------- --------- --------
Total Block Hours 26.7% (4.7%) 0.8%
Scheduled Service Traffic
RTM's (000's) (20.1%) (39.6%) (31.3%)
ATM's (000's) (30.0%) (42.7%) (32.1%)
Load Factor 7.5 pts 3.2 pts 0.7 pts
(1) Operating Fleet excludes the following aircraft count that are dry
leased or out of service:
Dry Leased (16.9%) (25.0%) (25.0%)
Out of Service (96.3%) (85.7%) (78.2%)
Atlas Air Worldwide Holdings
Preliminary System Statistics & Traffic Results
Percentage Change 2005 vs. 2004
OPERATING STATISTICS Apr May June Y-T-D
Operating Fleet (average during
the month)
Aircraft count(1) 2.8% 8.0% 8.3% 3.3%
Block Hours
Scheduled Service (27.8%) (36.4%) (28.6%) (32.8%)
Commercial Charter 65.6% 40.0% 48.9% 76.0%
Military Charter 23.0% 27.0% 12.3% 27.5%
ACMI 43.4% 42.2% 45.3% 37.0%
Non Revenue (34.1%) (23.7%) (33.6%) (20.9%)
--------- --------- --------- ----------
Total Block Hours 11.7% 9.0% 11.1% 8.5%
Scheduled Service Traffic
RTM's (000's) (24.5%) (33.9%) (23.1%) (29.2%)
ATM's (000's) (29.0%) (36.6%) (29.0%) (33.2%)
Load Factor 3.9 pts 2.6 pts 5.1 pts 3.7 pts
(1) Operating Fleet excludes the following aircraft count that are dry
leased or out of service:
Dry Leased (25.0%) (25.0%) (25.0%) (23.7%)
Out of Service (75.0%) (75.0%) (100.0%) (86.1%)
Note: All calculations presented in the tables above are based on
unrounded numbers.
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