3
FORM 10-Q/A
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
[ x ] Quarterly Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 For the quarterly
period ended June 30, 1997
[ ] Transition Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Commission File Number
0-25732
ATLAS AIR, INC.
(Exact name of registrant as specified in its charter)
Delaware 84-1207329
(State of other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
538 Commons Drive, Golden, Colorado 80401
(Address of principal executive offices)(Zip Code)
(303) 526-5050
(Registrant's telephone number, including area code)
Indicated by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
[ x ] Yes [ ] No
As of August 8, 1997 the Registrant had 22,450,229 shares of $.01
par value Common Stock outstanding.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
ATLAS AIR, INC.
(Registrant)
Date: November 19, 1997 By:/s/Richard H. Shuyler
Richard H. Shuyler
Senior Vice President - Finance
Chief Financial Officer and
Treasurer (Principal Accounting
Officer)
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<ARTICLE> 5
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<CASH> 9,568
<SECURITIES> 80,355
<RECEIVABLES> 48,985
<ALLOWANCES> 5,908
<INVENTORY> 0
<CURRENT-ASSETS> 138,908
<PP&E> 748,981
<DEPRECIATION> 74,476
<TOTAL-ASSETS> 901,761
<CURRENT-LIABILITIES> 103,782
<BONDS> 552,570
0
0
<COMMON> 225
<OTHER-SE> 220,168
<TOTAL-LIABILITY-AND-EQUITY> 901,761
<SALES> 175,951
<TOTAL-REVENUES> 175,951
<CGS> 0
<TOTAL-COSTS> 169,463
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 20,156
<INCOME-PRETAX> (13,668)
<INCOME-TAX> (4,989)
<INCOME-CONTINUING> (8,679)
<DISCONTINUED> 0
<EXTRAORDINARY> 16,740
<CHANGES> 0
<NET-INCOME> 8,061
<EPS-PRIMARY> .36
<EPS-DILUTED> 0
</TABLE>