|Bid||62.99 x 900|
|Ask||63.08 x 1100|
|Day's Range||61.88 - 64.08|
|52 Week Range||14.97 - 69.08|
|Beta (5Y Monthly)||1.59|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 05, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||73.83|
In the latest trading session, Atlas Air Worldwide (AAWW) closed at $62.83, marking a -1.86% move from the previous day.
Conference Call/Webcast – 11:00 A.M. EasternPURCHASE, N.Y., Oct. 15, 2020 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) will release results for the third quarter ended September 30, 2020, prior to the opening of stock market trading on Thursday, November 5. John W. Dietrich, Atlas Air Worldwide’s President and Chief Executive Officer, and Spencer Schwartz, Executive Vice President and Chief Financial Officer, will host a conference call to discuss the company’s results at 11:00 a.m. Eastern Time on November 5.Interested parties may listen to the call live at Atlas Air Worldwide’s Investor site or at https://edge.media-server.com/mmc/p/ps7u7bvv.For those unable to listen to the live call, a replay will be archived on the Investor site following the call. A replay will also be available through November 12 by dialing (855) 859-2056 (U.S. Toll Free) or (404) 537-3406 (from outside the U.S.) and using Access Code 1347526.Slides complementing the company’s presentation will be available for downloading from the Investor site prior to the call.About Atlas Air Worldwide:Atlas Air Worldwide is a leading global provider of outsourced aircraft and aviation operating services. It is the parent company of Atlas Air, Inc., Southern Air Holdings, Inc. and Titan Aviation Holdings, Inc., and is the majority shareholder of Polar Air Cargo Worldwide, Inc. Our companies operate the world’s largest fleet of 747 freighter aircraft and provide customers the broadest array of Boeing 747, 777, 767 and 737 aircraft for domestic, regional and international cargo and passenger operations.Atlas Air Worldwide’s press releases, SEC filings and other information may be accessed through the company’s home page, www.atlasairworldwide.com.Contacts:Investors –InvestorRelations@atlasair.com Media – CorpCommunications@atlasair.com
Chinese e-commerce giant Alibaba Group Holding, Inc. (NYSE: BABA) is expanding its ability to serve the South American market with the November launch of an air charter network designed to speed up shipping times. For-hire cargo airline Atlas Air (NASDAQ: AAWW) said Monday night it will operate three weekly freighter flights to Brazil and Chile for Cainiao, Alibaba Group Holding Ltd.'s logistics arm.Customers in Brazil and Chile can expect to receive parcels from China in as soon as three days compared to one week now. Cainiao said it transported more than 8 million packages to South America in the third quarter — double the volume in the second quarter — underscoring a global trend of the coronavirus pandemic accelerating interest in online shopping.Atlas Air will use Boeing 747 and 777 aircraft to support Cainiao, spokeswoman Debbie Coffey said."At Cainiao, we continue to invest in our network to support Alibaba merchants operating over 100,000 online shops," said William Xiong, chief strategist and general manager of export logistics. "Our partnership with Atlas Air will help us establish an efficient, reliable network to South America and other worldwide destinations by significantly reducing airfreight delivery time for the merchants we support."Cainiao has said it plans to build out its international supply chain and launch direct routes to major markets around the world. It expects to operate about 1,300 chartered flights by the end of 2020.Alibaba owns about two-thirds of Cainiao after funneling $3.3 billion into the operation in November. Alibaba's online shopping mall and logistics platform rivals that of Amazon, which controls its own private airline with the help of contract carriers, has a dedicated trucking network and acts as the ocean transport consolidator. Its digital platforms resulted in about 51 billion parcel deliveries last year.The e-commerce powerhouse operates in more than 190 countries and has plans to serve 2 billion customers by 2036.Click here for more American Shipper/FreightWaves stories by Eric Kulisch.RELATED NEWS:Alibaba opens its platform to B2B sellers in U.S.DHL hires MasAir Cargo to shave day from Asia-Mexico transitAmazon Air hires ATSG to fly six more freightersSee more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * 9 Questions With Cummins New Power President Amy Davis * Table Set For 3Q Truckload Earnings Blowout(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.