ATSG posts a 4Q net profit of $13.5 million and $23.9 million in 2011

Air Transport Services Group, Inc.-ATSG (Wilmington, OH), the parent of ABX Air (Wilmington), ATI-Air Transport International (Little Rock) and Capital Cargo International Airlines (Orlando), posted its fourth quarter and 2011 financial results. For the 4Q, the group produced a net profit of $13.5 million. For the entire year of 2011, the group posted a net profit of $23.9 million.

Aircraft added during 2011 included nine Boeing 767 freighters and one 757 freighter. Additions planned for 2012 include seven more 767s, and two 757 combis.

ATSG, through its leasing and airline subsidiaries, is the world’s largest owner and operator of converted Boeing 767 freighter aircraft. Through its principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, ATSG provides aircraft leasing, air cargo lift, aircraft maintenance services and airport ground services. ATSG’s subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Air Transport International, LLC; Cargo Aircraft Management, Inc.; Capital Cargo International Airlines, Inc.; and Airborne Maintenance and Engineering Services, Inc.

Read the full report: CLICK HERE

Copyright Photo: Bruce Drum.

ABX Air Slide Show: CLICK HERE

Copyright Photo: John Adlard.

ATI Slide Show: CLICK HERE

Copyright Photo: Dave Campbell.

Capital Cargo Slide Show: CLICK HERE

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