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4-Traders Homepage  >  Equities  >  Nyse  >  FedEx Corporation    FDX

Delayed Quote. Delayed  - 08/26 10:02:05 pm
164.95 USD   -0.35%
08/26 ATLAS AIR WORLD : Announces New Contract with FedEx
08/26 FEDEX : Fiery FedEx truck temporarily closes turnpike in Martin Coun..
08/26 FEDEX : Number of FedEx jobs at $18.5M Miami Twp. site still undecid..
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Atlas Air Worldwide : Announces New Contract with FedEx

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08/26/2016 | 05:45pm CEST

Release date- 25082016 - Wednesday - Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced that it has entered into a five-year agreement with FedEx Express to provide it with five 747-400 freighter aircraft for peak flying seasons beginning in 2017 and lasting through 2021.

Peak season flying generally occurs in the month of December and potentially earlier. An agreement to provide five aircraft for the 2016 peak season flying is already in place.

'We have worked closely and successfully with FedEx for many years, but this is our first agreement that allows both companies to plan for the longer term,' said William J. Flynn, President and Chief Executive Officer. 'We are excited to continue to serve FedEx and its customers.'

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, 757 and 737 aircraft for domestic, regional and international applications.

Contact:

Tel: +1 914 701 8000

Email: info@atlasair.com

(c) 2016 Electronic News Publishing -, source ENP Newswire

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Financials ($)
Sales 2017 59 592 M
EBIT 2017 5 384 M
Net income 2017 3 138 M
Debt 2017 9 459 M
Yield 2017 0,95%
P/E ratio 2017 13,96
P/E ratio 2018 12,39
EV / Sales 2017 0,89x
EV / Sales 2018 0,85x
Capitalization 43 802 M
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Number of Analysts 25
Average target price 182 $
Spread / Average Target 10%
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Frederick Wallace Smith Chairman, President & Chief Executive Officer
Alan B. Graf Chief Financial Officer & Executive Vice President
Rob B. Carter Chief Information Officer
James L. Barksdale Independent Director
John A. Edwardson Independent Director
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