Atlas Air Worldwide Holdings Reports Preliminary February System Statistics and Traffic Results; February Block Hours Down 19.6%; Year-to-Date Hours Down 20.9%.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 February February: see month. 2006 and for the two-month period ended February 28, 2006. Results for the reported period reflect AAWW's active efforts to maximize profit and minimize 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 February declined 19.6% compared with the same month in 2005, while the average number of aircraft operated remained constant. 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 decreased 23.9% year over year, while Military Charter segment hours decreased 22.5% and Commercial Charter segment hours declined 11.7%. 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 10.9% year over year, while capacity (as measured by available ton miles "ATM's") decreased 9.6% year over year, resulting in a load factor of 63.5% in February compared with 64.4% in February 2005. During February, AAWW operated an average of 39.0 wide-body 747 aircraft compared with an average of 39.0 in February 2005. Total block-hour activity for the two months ended February 28, 2006, decreased 20.9% versus the two months ended February 28, 2005, while the average number of aircraft operated declined 0.5%. Block hours operated in the ACMI segment decreased 23.7% during the first two months of 2006, while Military Charter segment hours decreased 25.8% and Commercial Charter segment hours declined 23.6%. Within the Scheduled Service business segment, traffic decreased 11.9% (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 two months ended February 28, 2005, and capacity (in ATM's) decreased 10.4%, resulting in a load factor of 61.1% for the 2006 period compared with 62.1% for the 2005 period. For the two months ended February 28, 2006, AAWW operated an average of 39.0 wide-body 747 aircraft versus an average of 39.2 aircraft in the first two months of 2005. The preliminary system statistics and traffic results 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 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 747 freighter aircraft. AAWW, through its principal subsidiaries Atlas and Polar, offers scheduled air cargo service, cargo charters, military charters, and ACMI aircraft leasing in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. lease basis. 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, 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 retain key executives and associates; the ability of the companies to attract and retain customers; the continued availability of our wide-body aircraft; demand for cargo services in the markets in which the companies operate; economic conditions; the effects of any hostilities 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 weaknesses in our internal controls over financial reporting; aviation fuel costs; security-related costs; competitive pressures on pricing (especially from lower-cost competitors); volatility 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. ; 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. For additional information, we refer you to the risk factors set forth under the heading "Risk Factors" in the Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed by AAWW with the Securities and Exchange Commission on June 30, 2005, as updated by the Current Report on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. filed with the Securities and Exchange Commission on December 9, 2005. 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
2006
OPERATING STATISTICS Jan Feb Year-to-Date
Operating Fleet (average during the month)
Aircraft count(1) 39.0 39.0 39.0
Block Hours
Scheduled Service 2,602.8 2,426.4 5,029.2
Commercial Charter 322.1 412.9 735.0
Military Charter 1,597.4 1,513.2 3,110.6
ACMI 5,298.0 4,504.4 9,802.4
Non Revenue 69.1 58.7 127.8
------------ ------------ ------------
Total Block Hours 9,889.4 8,915.6 18,805.0
Scheduled Service Traffic
RTM's (000's) 88,843.6 90,251.6 179,095.2
ATM's (000's) 151,161.6 142,191.6 293,353.1
Load Factor 58.8% 63.5% 61.1%
(1) Operating Fleet excludes the following aircraft count that are dry
leased or out of service:
Dry Leased 3.0 3.0 3.0
Out of Service - - -
2005
OPERATING STATISTICS Jan Feb Year-to-Date
Operating Fleet (average during the month)*
Aircraft count(1) 39.4 39.0 39.2
Block Hours
Scheduled Service 2,940.1 2,682.5 5,622.6
Commercial Charter 494.5 467.3 961.8
Military Charter 2,241.8 1,952.3 4,194.1
ACMI 6,927.5 5,919.2 12,846.7
Non Revenue 72.3 71.2 143.5
------------ ------------ ------------
Total Block Hours 12,676.2 11,092.5 23,768.7
Scheduled Service Traffic
RTM's (000's) 101,851.3 101,328.8 203,180.1
ATM's (000's) 170,036.1 157,362.5 327,398.6
Load Factor 59.9% 64.4% 62.1%
(1) Operating Fleet excludes the following aircraft count that are dry
leased or out of service:
Dry Leased 3.3 3.0 3.2
Out of Service* 0.3 1.0 0.6
* Includes the impact of one aircraft that was damaged and removed
from service on January 24, 2005, with respect to which AAWW
negotiated a cash-in-lieu-of-repair settlement with its insurance
carriers.
Atlas Air Worldwide Holdings
Preliminary System Statistics & Traffic Results
Percentage Change 2006 vs. 2005
OPERATING STATISTICS Jan Feb Year-to-Date
Operating Fleet (average during the month)
Aircraft count(1) (1.1%) 0.0% (0.5%)
Block Hours
Scheduled Service (11.5%) (9.5%) (10.6%)
Commercial Charter (34.9%) (11.7%) (23.6%)
Military Charter (28.7%) (22.5%) (25.8%)
ACMI (23.5%) (23.9%) (23.7%)
Non Revenue (4.4%) (17.5%) (10.9%)
------------ ------------ ------------
Total Block Hours (22.0%) (19.6%) (20.9%)
Scheduled Service Traffic
RTM's (000's) (12.8%) (10.9%) (11.9%)
ATM's (000's) (11.1%) (9.6%) (10.4%)
Load Factor -1.1 pts -0.9 pts -1.0 pts
(1) Operating Fleet excludes the following aircraft count that are dry
leased or out of service:
Dry Leased (9.7%) 0.0% (5.1%)
Out of Service (100.0%) (100.0%) (100.0%)
Note: All calculations presented in the tables above are based on
unrounded numbers.
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