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News Breaks | | | | February 13, 2013 | | 08:10 EDT |  | AAWW | Atlas Air sees FY13 EPS approximately $4.65, consensus $5.02
Says growth will offset headwinds related to a combined 18% reduction in military cargo and passenger block hours compared with 2012, which, when combined with the impact of a reduction in one-way military missions on its commercial charter operations, will reduce diluted EPS by $1.19. Additional expected headwinds totaling 91c per share compared with 2012 include increased heavy maintenance expense, a reduction in capitalized interest, and income tax benefits that were recognized in 2012. Reflecting the transformation and diversification of the company’s business model, it expects to overcome these headwinds and deliver EPS consistent with 2012. Says share repurchases expected to commence in Q1. | |
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