Airline Financial freshs 12-22-2003 Atlas Air lays Off Bankruptcy Even As returns Fall Volume: 21 Number: 48 ISSN: 10405410 Publication Date: 12-22-2003 Page: 1 Type: Periodical Language: English Cargo Carrier Fails To suitable Second Half Targets; Economy Not Robust Enough Atlas Air Worldwide Holdings [OTC: AAWH] avoided filing for bankruptcy protection last week.
Airline Financial freshs
12-22-2003
Atlas Air lays Off Bankruptcy Even As returns Fall
Cargo Carrier Fails To suitable Second Half Targets; Economy Not Robust Enough
Atlas Air Worldwide Holdings [OTC: AAWH] avoided filing for bankruptcy protection last week, still not because of better than anticipated financials. Instead, the cargo airline now plans to file a pre-negotiated bankruptcy forward Feb. 1.
Overwhelmed with fault and a declining demand for air cargo services, the Purchase, N.Y.-based