Goldman Sachs Comments On Atlas Air Worldwide Holdings 2Q11 EPS

According to Goldman Sachs, Atlas Air Worldwide Holdings AAWW reported 2Q11 EPS of $0.90 vs. recently lowered GS/consensus $0.86/$0.82. Goldman Sachs said that given delayed 8F deliveries in 2011 and weaker Commercial charter rates/margins (macro) offset by higher military block hours (passenger service) and pull forward of 747-8F deliveries into 2013 from 2014, it adjusts the 2011E/2012E/2013E EPS to $5.02/$6.56/$7.72 from $5.29/$6.61/$7.62. Atlas Air Worldwide Holdings closed yesterday at $51.20.