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Non-Tech : Atlas Air
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To: Thomas J Pittman who wrote (74)7/24/1997 3:07:00 PM
From: DRL   of 182
 
Just listed to conference call. Basically restated what they have previously said. They look forward to getting rid of FEDEX planes and getting their new ones. Business remains very strong and basically thay have momre than they can handle.

However, FEDEX planes' extra costs and low productivity will still hamper them in the short term.

It also somewhat sounded like the analysts were questioning why managment kept screwing up. My take was maybee the FEDEX planes history should have been looked into a little better and a decision to purchsed might of been avoided.

They seem cautiously optimistic and look forward to get the next several months out of the the way and continue to grow and prosper again.

c.c. # was 212-896-6093 (not sure if there is a replay)

Let's see what the analysts say in their updated reports in a few days.

-DL
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