Air Transport Services Group (ATSG), the Wilmington, Ohio-based air cargo operator, reported 2011 net income of $23.2 million, down 41.7% from a $39.8 million net profit in 2010.
The company said earnings were partly affected by training and transitioning costs for pilots as it upgrades its fleet. Aircraft added during 2011 included nine Boeing 767 converted freighters and one 757F. Additions in 2012 are slated to include seven more 767Fs and two 757 combi aircraft. ATSG is in the process of retiring its remaining 727 and DC-8 freighters.
Air Transport Services Group (ATSG), the Wilmington, Ohio-based air cargo operator, reported 2011 net income of $23.2 million, down 41.7% from a $39.8 million net profit in 2010. The company said earnings were partly affected by training and transitioning costs for pilots as it upgrades its fleet. Aircraft added during 2011 included nine Boeing 767 converted freighters and one 757F. Additions in 2012 are slated to include seven more 767Fs and two 757 combi aircraft. ATSG is in the ...
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