Yet another article about the state of some of the cargo companies today. This one from: PlaneBusiness Banter
Volume 5, Issue 26
June 26, 2001
Holly Hegeman, Editor and Publisher
Atlas Air (CGO:NYSE), meanwhile, continues to sink slowly in the West. Or East. Depending upon which route they are flying. Shares of the ACMI freight carrier were down another 23% last week, closing at $15.08. Funny, the company issued a release saying that they intended on maintaining delivery dates for four new Boeing (BA:NYSE) 747-400's. But if the intent of the release was to reassure investors, I am afraid it had the opposite effect. Worried that the airline is going to drown in too much capacity, given the company's recent comments, investors shed shares of the company like a worn-out fur coat…
…And finally, speaking of Nasdaq-related issues, the folks at World Airways (WLDA:Nasdaq) are hanging on by their fingernails again. The airline announced last Friday that Nasdaq has once again given them a produce or get lost decree. In other words, Nasdaq has told the airline that its stock price has failed to meet the minimum $1.00 share price for at least 30 consecutive trading days.
The airline has until September 18th to meet the price requirements as established by Nasdaq, or the airline can be delisted from the Nasdaq Small Cap Market.
As part of the release, World CEO Hollis Harris said that he is confident the airline is going to make a profit for both the third and fourth quarter of this year.
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Seems like a lot of bets on the third and fourth quarters of this year. Let's hope it happens!