September 24, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW), a provider of air cargo assets and outsourced aircraft operating solutions, said that it expects full-year 2010 adjusted earnings per diluted share to exceed $5.30, reflecting stronger airfreight demand than previously anticipated and continued tight supply.

AAWW’s previous guidance was for adjusted full-year earnings to exceed $4.35 per share.

The latest guidance excludes net expense of around $0.33 per diluted share in 2010 related to one-time items for legal settlements and gains on disposal of aircraft assets.

Including these items, full-year 2010 earnings are expected to exceed $4.97 per diluted share.

Atlas said that results for the year are expected to reflect continued high aircraft utilization by AAWW’s ACMI customers and robust commercial charter demand and yields, driven by the strength in airfreight demand, tight supply of wide-body, long-haul freighter capacity, and reduced market uncertainty.

The company added that expected results also assume continued moderate growth in the global economy.

New York-based Atlas Air Worldwide Holdings is the parent company of Atlas Air, Inc. and Titan Aviation Leasing, and is the majority shareholder of Polar Air Cargo Worldwide, Inc.

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