Atlas Air Belly Up !

[frank rizzo]

Read yesterday that the New york stock exchange suspended the trading of Atlas's stock !

 

[ATR-DRIVR]

uh, i don't believe that means Atlas is belly up. They can't just pull the plug on the contracts they are doing at the moment.

 

[typhoonpilot]

Atlas Air Worldwide Holdings is the parent company of Atlas Air Inc. and Polar Air Cargo.
The new symbol for Atlas Air Worldwide Holdings stock is AAHW.


I looked that up but yahoo financial doesn't recognize it yet. Perhaps it is still pink sheets.

Typhoonpilot

 

[RFtech]

being delisted by the NYSE is by no means the end. A stock is delisted because the price fell below $1.00 for a certian period of time. 30 days?

Have the files Chapter 7??

 

[airgator]

They're not going belly up, here's the thread in the cargo forum:
http://forums.flightinfo.com/showthread.php?s=&threadid=22327

 

[GCD]

We are not going belly-up.

Stock trade was simply suspended, pending SEC investigation into unaccounted balance sheets. The former CEO ran the company into financial trouble, while possibly padding his own balance sheet. It's only been a few months since he got canned, and the company is working like crazy to find where everything went to. We are busier than ever with flying. I'm doing eight Atlantic crossings in 11 straight days this month.

I wonder if he is sipping martinis in some non-extradition treaty country, as we write?