Air Transport World

ABX Holdings.(CARGO)

ABX Holdings, parent of US cargo carriers ABX Air, Air Transport International and Capital Cargo International Airlines, reported a 78.2% drop in net income for 2007 to $19.6 million from $90.1 million the previous year. The company attributed the decline in large part to "the effect of noncash tax items," and said its acquisition of ATI and CCIA parent Cargo Holdings International at year end would pay dividends in the future. …

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