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ATLAS AIR PROJECTS 1ST-QUARTER LOSS

ATLAS AIR PROJECTS 1ST-QUARTER LOSS

   Atlas Air Holdings, the parent company of freighter charter airline Atlas Air, said it expects to post a first-quarter loss of 15 cents a share, but anticipates rebounding to profitability by year end.

   The Purchase, N.Y.-based company said in a filing with the Securities and Exchange Commission that it expects 'modest profitability' for 2002.