Atlas Air Worldwide Holdings Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported total operating revenues of $255,478,000 against $460,658,000 a year ago. Operating income was $28,628,000 against $20,245,000 a year ago. Income before income taxes was $21,679,000 against $10,151,000 a year ago. Net income attributable to parent was $14,722,000 or $0.70 per basic and diluted share against $5,241,000 or $0.24 per basic and diluted share a year ago. EBITDA, as adjusted was $37,667,000 against $28,960,000 a year ago. EBITDAR, as adjusted was $75,725,000 against $69,135,000 a year ago. For the nine months, the company reported total operating revenues of $739,986,000 against $1,272,459,000 a year ago. Operating income was $97,838,000 against $27,522,000 a year ago. Income before income taxes was $77,975,000 against $6,722,000 a year ago. Net income attributable to parent was $49,437,000 or $2.35 per diluted share against $1,440,000 or $0.07 per diluted share a year ago. EBITDA, as adjusted was $121,436,000 against $54,694,000 a year ago. EBITDAR, as adjusted was $234,588,000 against $175,196,000 a year ago. The company provided earnings guidance for the fourth quarter of 2009. For the period, the company expects net earnings to exceed $18 million.

Atlas Air Worldwide Holdings, Inc. plans to offer, subject to market conditions, 5,250,000 shares of its common stock in an underwritten public offering. The Company also intends to grant the underwriters in the offering a 30-day option to purchase up to 787,500 additional shares. The Company plans to use the net proceeds from the offering for general corporate purposes, including the financing of capital expenditures or funding of potential acquisitions or other business transactions.

Atlas Air Worldwide Holdings Inc. announced capital expenditure for the nine months ended September 30, 2009. As on September 30, 2009, balance sheet debt totaled approximately $637 million. For the first nine months of 2009, capital expenditures totaled approximately $27 million, which included about $9 million of capitalized interest related to Boeing 747-8F order. For the fourth quarter of 2009, cash capital expenditures are expected to total approximately $30 million to $35 million. This includes approximately $15 million in aircraft progress payments due in the fourth quarter.