Atlas Air Worldwide Holdings, Inc. Reports Preliminary September System Statistics and Traffic Results.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). : AAWWV.PK), a leading provider of global air cargo air cargo: see aviation. services, has reported preliminary system statistics and traffic results for September September: see month. 2004 and the nine-month period ended September 30, 2004, and for the corresponding periods during the prior year. For the month of September 2004, the average number of aircraft operated by AAWW declined 17.3% compared with September 2003, principally due to the rejection Rejection Refusal by a bank to grant credit, usually because of the applicants financial history, or refusal to accept a security presented to complete a trade, usually because of a lack of proper endorsements or violation of rules of a firm. and return of aircraft in conjunction conjunction, in astronomy conjunction, in astronomy, alignment of two celestial bodies as seen from the earth. Conjunction of the moon and the planets is often determined by reference to the sun. with AAWW's restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). . Total block hour activity increased 3.9% during September 2004 compared with the same period in 2003. 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 28.7% year over year, while Commercial Charter hours declined 25.2%, primarily due to a reallocation Noun 1. reallocation - a share that has been allocated again allocation, allotment - a share set aside for a specific purpose 2. reallocation of available aircraft to other business segments, and Military Charter hours declined 17.7%. Capacity in the Scheduled Service business (as measured by available 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 "ATM's") decreased 8.6% year over year, and traffic (as measured by revenue ton miles "RTM's") increased 6.0% year over year, resulting in an increased load factor of 62.7% in September 2004 compared with 54.0% in September 2003. For the nine months ended September 30, 2004, the average number of aircraft operated by AAWW declined 16.9% compared with the nine months ended September 30, 2003. Total block-hour activity during the nine months ended September 30, 2004 declined 2.7% compared with the same period in 2003. Block hours operated in the ACMI segment rose 21.8% during the nine months ended September 30, 2004 compared with the same period in 2003. Commercial Charter hours declined 51.7%, reflecting the reallocation of available aircraft to other business segments, and Military Charter hours declined 42.4%. Capacity in the Scheduled Service business increased 10.0% (in ATM terms) during the nine months ended September 30, 2004 compared with the same period during the prior year, and traffic (in RTM's) increased 20.8% compared with the nine months ended September 30, 2003, resulting in an increased load factor of 62.4% for the 2004 period compared with 56.8% for the 2003 period.
Atlas Air Worldwide Holdings
Preliminary System Statistics & Traffic Results
2004
OPERATING STATISTICS Jan Feb Mar Apr May
Operating Fleet
(average during the
month)
Aircraft count(1) 40.0 38.8 38.0 37.9 36.1
Block Hours
Scheduled Service 4,199.5 4,666.3 5,043.9 5,111.1 4,721.7
Commercial Charter 264.8 209.4 134.4 203.1 187.7
Military Charter 1,212.6 1,583.6 1,740.7 1,851.6 2,072.5
ACMI 4,246.8 5,068.1 6,401.9 5,468.4 5,279.9
Non Revenue 84.4 115.5 100.6 83.8 112.4
--------------------------------------------------
Total Block Hours 10,008.0 11,642.9 13,421.4 12,717.9 12,374.2
Scheduled Service
Traffic
RTM's (000's) 127,448.4 167,848.2 194,438.5 186,932.3 177,657.0
ATM's (000's) 243,013.5 274,480.2 297,731.1 301,720.6 277,574.7
Load Factor 52.4% 61.2% 65.3% 62.0% 64.0%
(1) Operating Fleet excludes the following aircraft count that are dry
leased or parked:
Dry Leased 4.0 4.0 4.0 4.0 4.0
Parked 7.0 7.0 4.6 4.0 4.0
Year-to-
OPERATING STATISTICS Jun Jul Aug Sep Date
Operating Fleet
(average during
the month)
Aircraft count(1) 36.0 36.3 36.6 37.2 37.4
Block Hours
Scheduled Service 4,541.3 4,513.3 4,420.0 4,831.4 42,048.6
Commercial Charter 268.2 209.2 308.2 373.3 2,158.3
Military Charter 2,313.0 2,319.5 2,046.3 1,794.7 16,934.5
ACMI 4,994.1 5,667.0 5,433.8 5,964.9 48,524.7
Non Revenue 94.0 125.8 109.7 92.5 918.5
--------------------------------------------------
Total Block Hours 12,210.7 12,834.8 12,318.0 13,056.8 110,584.5
Scheduled Service
Traffic
RTM's (000's) 165,344.4 174,701.0 170,770.7 176,731.6 1,541,872.0
ATM's (000's) 267,078.8 266,511.8 259,751.8 281,956.4 2,469,818.7
Load Factor 61.9% 65.6% 65.7% 62.7% 62.4%
(1) Operating Fleet excludes the following aircraft count that are dry
leased or parked:
Dry Leased 4.0 4.0 4.0 4.0 4.0
Parked 4.0 3.7 3.0 1.8 4.3
For September 2004, the 1.8 parked aircraft included one aircraft that
returned to service during the month and one aircraft that was
undergoing maintenance and is scheduled to return to operating status
during the remainder of 2004.
Preliminary System Statistics & Traffic Results
2003
OPERATING STATISTICS Jan Feb Mar Apr May
Operating Fleet
(average during the
month)
Aircraft count(1) 46.5 44.8 44.5 44.0 44.3
Block Hours
Scheduled Service 3,853.0 3,057.0 3,937.0 3,846.3 4,074.0
Commercial Charter 418.7 740.1 756.0 645.2 311.9
Military Charter 3,161.0 3,924.9 4,251.1 4,129.5 3,403.4
ACMI 4,074.5 2,857.7 5,822.7 4,516.3 4,148.1
Other Product 668.8 518.6 202.8 92.4 12.0
Non Revenue 187.1 183.8 137.7 158.8 155.2
--------------------------------------------------
Total Block Hours 12,363.1 11,282.1 15,107.4 13,388.5 12,104.7
Scheduled Service
Traffic
RTM's (000's) 119,533.1 108,416.5 154,310.1 132,278.9 138,653.4
ATM's (000's) 223,341.7 185,547.4 237,031.5 233,061.7 246,042.9
Load Factor 53.5% 58.4% 65.1% 56.8% 56.4%
(1) Operating Fleet excludes the following aircraft count that are dry
leased or parked:
Dry Leased 4.0 4.8 4.0 4.0 3.0
Parked 1.5 2.5 3.5 4.0 4.8
Year-to-
OPERATING STATISTICS Jun Jul Aug Sep Date
Operating Fleet
(average during the
month)
Aircraft count(1) 44.3 46.0 46.0 45.0 45.0
Block Hours
Scheduled Service 4,512.3 4,437.1 4,478.5 5,142.4 37,337.6
Commercial Charter 329.7 276.3 488.7 498.8 4,465.5
Military Charter 2,298.8 2,876.6 3,161.4 2,181.6 29,388.3
ACMI 4,552.7 4,639.8 4,583.7 4,634.9 39,830.4
Other Product - - - - 1,494.6
Non Revenue 82.5 66.1 76.0 111.2 1,158.5
--------------------------------------------------
Total Block Hours 11,776.0 12,295.9 12,788.3 12,568.9 113,675.0
Scheduled Service
Traffic
RTM's (000's) 154,607.6 152,616.5 149,039.5 166,666.7 1,276,122.4
ATM's (000's) 269,895.7 270,250.3 271,649.4 308,449.2 2,245,269.9
Load Factor 57.3% 56.5% 54.9% 54.0% 56.8%
(1) Operating Fleet excludes the following aircraft count that are dry
leased or parked:
Dry Leased 3.0 3.0 3.0 4.0 3.6
Parked 4.8 3.0 3.0 3.0 3.3
Atlas Air Worldwide Holdings
Preliminary System Statistics & Traffic Results
Percentage Change 2004 vs. 2003
OPERATING STATISTICS Jan Feb Mar Apr May
Operating Fleet (average
during the month)
Aircraft count(1) (14.0%) (13.2%) (14.6%) (13.8%) (18.4%)
Block Hours
Scheduled Service 9.0% 52.6% 28.1% 32.9% 15.9%
Commercial Charter (36.8%) (71.7%) (82.2%) (68.5%) (39.8%)
Military Charter (61.6%) (59.7%) (59.1%) (55.2%) (39.1%)
ACMI 4.2% 77.3% 9.9% 21.1% 27.3%
Other Product (100.0%)(100.0%)(100.0%)(100.0%)(100.0%)
Non Revenue (54.9%) (37.2%) (26.9%) (47.3%) (27.6%)
----------------------------------------
Total Block Hours (19.0%) 3.2% (11.2%) (5.0%) 2.2%
Scheduled Service Traffic
RTM's (000's) 6.6% 54.8% 26.0% 41.3% 28.1%
ATM's (000's) 8.8% 47.9% 25.6% 29.5% 12.8%
Load Factor -1.1 pts 2.7 pts 0.2 pts 5.2 pts 7.6 pts
(1) Operating Fleet excludes the following aircraft count that are dry
leased or parked:
Dry Leased 0.0% (15.8%) 0.0% 0.0% 33.3%
Parked 366.7% 180.0% 30.9% 0.0% (15.8%)
Year-to-
OPERATING STATISTICS Jun Jul Aug Sep Date
Operating Fleet (average
during the month)
Aircraft count(1) (18.6%) (21.2%) (20.4%) (17.3%) (16.9%)
Block Hours
Scheduled Service 0.6% 1.7% (1.3%) (6.0%) 12.6%
Commercial Charter (18.6%) (24.3%) (36.9%) (25.2%) (51.7%)
Military Charter 0.6% (19.4%) (35.3%) (17.7%) (42.4%)
ACMI 9.7% 22.1% 18.5% 28.7% 21.8%
Other Product NM NM NM NM (100.0%)
Non Revenue 13.9% 90.2% 44.3% (16.8%) (20.7%)
----------------------------------------
Total Block Hours 3.7% 4.4% (3.7%) 3.9% (2.7%)
Scheduled Service Traffic
RTM's (000's) 6.9% 14.5% 14.6% 6.0% 20.8%
ATM's (000's) (1.0%) (1.4%) (4.4%) (8.6%) 10.0%
Load Factor 4.6 pts 9.1 pts 10.9 pts 8.6 pts 5.6 pts
(1) Operating Fleet excludes the following aircraft count that are dry
leased or parked:
Dry Leased 33.3% 33.3% 33.3% 0.0% 9.9%
Parked (15.8%) 24.7% 0.0% (41.1%) 30.3%
Following the completion of an upgrade of its data information systems, AAWW has adjusted certain numbers contained in preliminary system statistics and traffic results previously reported for certain months prior to September 2004. The preliminary system statistics and traffic results 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.: Atlas Air Worldwide Holdings, Inc. (AAWW) is the parent company of Atlas Air, Inc. 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., 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 Air, Inc. is the world's leading provider of ACMI (aircraft, crew, maintenance and insurance) freighter aircraft to major airlines around the globe. Polar Air Cargo, Inc. 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 substantially all major trade lanes of the world. Through both of its principal subsidiaries, AAWW also provides commercial and military charter services. 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 To run a program, which causes the computer to carry out its instructions. See executable code, instruction and EXE file. execute - execution 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 ability of the companies to continue as going concerns; 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; financing costs; the cost and availability of war risk insurance; 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. ); 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. |
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