Air Transport World

US Regional/Specialty. (ATW's World Airline Report).(Statistical Data Included)

Airborne Express: The worsening economy and Sept. 11 took a heavy toll on the express carrier in 2001, turning a 2000 net profit of $28.5 million into a net loss of $19.5 million as revenues slipped 2% to $3.2 billion. However, Chairman and CEO Robert Clime noted that the company "made significant strides in executing our growth improvement plan--expanding our product line, focusing on yield management and cutting costs."

Airborne expanded its service portfolio last year to include ground delivery service and also enhanced its Web services. As a result, it anticipates growth in its ground and deferred products this year. It also continues to add 767-200Fs to its fleet, which at year end comprised 24 DC-8Fs, 74 DC-9Fs and 20 767-200Fs.

Amerijet: The Fort lauderdale-based scheduled cargo carrier took a four-month trip through the bankruptcy courts last year, emerging with a new ownership structure in which H.I.G. Capital is the majority shareholder. Founder David Bassett retains a "significant" ownership position and continues as chairman and CEO.

The carrier told DOT that its revenues fell 39.4% last year to $64.5 million and that it suffered an operating loss of $20.8 million, up from $4.1 million, and a net loss of $24.8 million, up from $9.5 million. Amerijet flies throughout the Caribbean, Mexico and Latin America with a fleet of five 727-200 freighters.

Atlantic Coast: Operating as United Express in the eastern and midwestern US and as Delta Connection in the eastern US and Canada, ACA prospered last year despite the recession and terrorist attacks (ATW 8/01, p. …

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