ABX Air reported second-quarter net income of $4.5 million, down 30.8% from $6.5 million in the year-ago period, but touted a rise in non-DHL-related revenue as evidence of its overall strength. The cargo airline attributed the loss to a deferred noncash $2.8 million tax expense and said excluding taxes it earned $7.3 million, a 13% lift in pre-tax earnings. The Wilmington, Ohio-based DHL subservice carrier's revenue decreased 7.3% to $281.3 million as revenue from DHL operations declined ...

Subscribe to Access this Entire Article

"ABX reports second-quarter profit drop but promotes non-DHL growth" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.