Air Transport World

U.S. Cargo Carriers

Airborne Express: Thanks in part to the UPS strike in the third quarter, the Seattle-based package-express company enjoyed the best year in its history in 1997.

Airborne posted a record net income of $120.1 million, up front $27.2 million in 1996, on a 17% rise in revenues to $2.9 billion. Domestic revenues climbed 19% to $2.5 billion while international revenues increased 6% to $397.7 million. Shipments jumped 17% to 302,731,000.

Airborne's airline arm, ABX Air, flew 1.4 billion FTKs last year in its fleet of 36 DC-8s and 70 DC-9s. It will begin taking delivery of 12 767 freighters this year.

AirNet Express: The Columbus, Ohio-based small-package carrier operates a fleet of 115 aircraft that includes 29 Learjets, along with some 250 ground vehicles. This spring, it signed a letter of intent to acquire Mercury Business Services, an express-delivery-management company based in Boston. AirNet's traffic and financial results for last year could not be obtained.

American International: The Detroit-based cargo carrier enjoyed good traffic growth in 1997, as FTKs expanded 18.4% to 1.4 billion. (See listing under Nationals" for additional information.)

Amerijet: Last year ended badly for the Ft. Lauderdale-based carrier when it agreed to stop flying briefly rather than face suspension of its FAA operating certificate. …

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