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Atlas Air Worldwide Holdings, Inc. (New York), the holding company for both Atlas Air and Polar Air Cargo, today (February 24) announced its financial results for the fourth quarter and full year ended December 31, 2009.

For the quarter ended December 31, 2009, the holding reported net income of $28.3 million compared with net income of $62.3 million for the three months ended December 31, 2008.

For the year ended December 31, 2009, the holding company posted net income of $77.8 million compared with net income of $63.7 million for the previous year.

Delivery of the Company’s 12 next-generation 747-8 freighters is expected to begin in early 2011.