ABX Air parent ATSG's 2011 profit falls 42%

Air Transport Services Group (ATSG), the Wilmington, Ohio-based air cargo operator, reported 2011 net income of $23.2 million, down 41.7% from a $39.8 million net profit in 2010. The company said earnings were partly affected by training and transitioning costs for pilots as it upgrades its fleet...

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