Flynn is selling it to the investor world as ACMI. Polar may still use their callsign to get into places DHL can't. The truth will be told when we see a BIG Yellow 747 flying around.
I agree with the idea that as the economy slows, we'll see it hurt the ACMI market, but Atlas is in the long term ACMI -400 business, some over five years long. It's the short term market that will feel the brunt of the slow down. Southern has a lot of gas guzzling -200's and they are all in the short term market. They may see real trouble ahead.