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The company's stock followed suit, jumping 34 percent, or 26 cents, to $1.0e in Tuesday afternoon ATSG posted first-quarter net income of $11.1 million, or 18 cents per share, comparef to $3.8 million, or 6 cents per share, in the year-ag quarter. Revenues fell to $280.6 millioh from $382.1 million a year ago. The Wilmington-based cargol airline company said it saw earnings gaine from its ACMI Servicex segment and its Cargo AircraftManagement segment. ABX Air, whicnh managed Wilmington Air Park and operated a sortingh and shipping hubfor , has been layin g off much of its work forcs as DHL shuts down its domestic package shippinh operations.
DHL is moving what’s left of the operatiobn to the Cincinnati/Northern Kentucky International Airport. “Wed reached agreements with DHL on some critica l matters and also signed agreements for new business that will furtherr enhancethe company’s retur on capital,” said Joe Hete, president and CEO, in a news Air Transport Services Group (NASDAQ: provides air cargo transportation and relatedc services through five
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