Atlas Air Worldwide Holdings has a profitable 4Q and 2011

Atlas Air Worldwide Holdings, Inc. (New York) today announced adjusted net income of $39.7 million, or $1.50 per diluted share, for the fourth quarter of 2011, and $108.8 million, or $4.12 per diluted share, for the full year.

Adjusted results for both periods exclude pre-operating expenses for the introduction of new aircraft types, including incremental costs incurred as a result of aircraft delivery delays; a special charge related to the retirement of the company’s 747-200 fleet; and gains and losses on the disposal of assets.

On a reported basis, fourth-quarter net income attributable to common stockholders totaled $33.5 million, or $1.27 per diluted share. Full-year reported net income attributable to common stockholders totaled $96.1 million, or $3.64 per diluted share.

Copyright Photo: Bernhard Ross. With the addition of new aircraft, including the pictured Boeing 767-300 ERs and new 747-800F freighters, Atlas Air was able to retire its last Boeing 747-200.

Atlas Air Photo Gallery: CLICK HERE