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Atlas Air sees FY19 revenue approx. $2.9B, consensus $3.03B.

The company said, "Reflecting our first-half results and our current market expectations for the balance of the year, we expect to fly approximately 330,000 block hours in 2019, with about 75% of the hours in ACMI and the balance in Charter. We also anticipate revenue of approximately $2.9 billion, adjusted EBITDA of approximately $520M, and adjusted net income of approximately 80% of our 2018 adjusted net income of $204.3M Aircraft maintenance expense in 2019 is expected to total about $395 million, with depreciation and amortization totaling about $260 million. Core capital expenditures, which exclude aircraft and engine purchases, are projected to total approximately $135 to $145 million, mainly for parts and components for our fleet. Due to the favorable completion of our IRS tax examination for 2015, we estimate our full-year 2019 adjusted effective income tax rate will be approximately 16%."

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Publication:The Fly
Date:Aug 1, 2019
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