New York Stock Exchange delists Atlas Air
Atlas Air Worldwide Holdings Inc. said Monday the New York Stock Exchange has suspended trading in the company’s common stock.
The NYSE’s decision was based on several factors, including the company’s previously announced delay in completing Securities and Exchange Commission filing requirements.
Atlas is working to stave off bankruptcy. It has suspended payments on leased aircraft and renegotiated lease debt terms with aircraft suppliers and banks. It is also under investigation by the SEC for overstating income in previous quarters.