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 ...

Subscribe to Access this Entire Article

"ABX Air parent ATSG's 2011 profit falls 42%" 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?

Already registered? here.