IDEXY - Atlas Air Worldwide: Strong Contractual Revenue Limited Fuel Risk Tangible BV Discount
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For the three reasons mentioned in the summary, I would issue an Outperform rating and valuation range of $64-75. This is despite the headwinds to global trade and downward margin pressure from labor costs. I apply and weight a range of valuation approaches to arrive at a $74.65 price target as noted in Figure 7.
Company Overview
Atlas Air (NASDAQ: AAWW) is a leading global provider of outsourced aircraft and aviation operating services. The company operates the world’s largest fleet of 747 freighters and provides a broad array of Boeing (NYSE: BA) 747,