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The company's stock followed suit, jumpinvg 34 percent, or 26 cents, to $1.03 in Tuesdayy afternoon trading. ATSG posted first-quarter net incomer of $11.1 million, or 18 cents per share, comparef to $3.8 million, or 6 cents per in the year-ago Revenues fell to $280.6 million from $382. 1 million a year ago. The Wilmington-based cargo airlinse company said it saw earnings gains from its ACMI Servicess segment and its Cargo AircraftfManagement segment. ABX Air, which managed Wilmington Air Park and operatefd a sorting and shipping hubfor , has been laying off much of its work force as DHL shutes down its domestic package shipping operations.
DHL is movin what’s left of the operation to the Cincinnati/Northern Kentuck y International Airport. “We reached agreements with DHL on some criticakl matters and also signed agreements for new business that will further enhancdethe company’s return on capital,” said Joe Hete, presiden and CEO, in a news Air Transport Services Group (NASDAQ: ATSG) providess air cargo transportation and related servicesa through five subsidiaries.
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