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FDX - Buy Atlas Air Worldwide - Airplanes 50 Cents On The Dollar Makes For 100% Upside
FedEx Corporation
Atlas Air Worldwide Holdings Inc. (AAWW) is an air freight and lease company. They own 66 planes, lease 21 and operate 27 of their customers. Primary risks for services they offer are labor rates and freight airplane prices, which are tied to world trade levels. Customers carry other risk such as fuel costs. Contracts are long term which smooth out sharp economic downturns. Together, DHL (DPW.DE) and Amazon (AMZN) account for 40 and 20 planes respectively, about half the fleet. Thus, AAWW is largely an indirect bet on these companies.