• ITVI.USA
    15,536.540
    74.080
    0.5%
  • OTLT.USA
    2.754
    0.002
    0.1%
  • OTRI.USA
    20.490
    -0.180
    -0.9%
  • OTVI.USA
    15,507.170
    69.970
    0.5%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,536.540
    74.080
    0.5%
  • OTLT.USA
    2.754
    0.002
    0.1%
  • OTRI.USA
    20.490
    -0.180
    -0.9%
  • OTVI.USA
    15,507.170
    69.970
    0.5%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American Shipper

AIRNET SYSTEMS 4TH-QUARTER INCOME UP 9%

AIRNET SYSTEMS 4TH-QUARTER INCOME UP 9%

   AirNet Systems Inc., the provider of time-critical air transport services to banks and small-package shippers, reported fourth-quarter net income of $2.1 million, up 9.3 percent over the year-earlier period.

   Net revenues improved 7.8 percent to a record $35.5 million, due to a 13.8-percent gain in express revenue, to $9.5 million, and a 4.2-percent increase in bank service revenue, to $25.4 million. Express shipments rose 5.8 percent and bank shipments improved 2.9 percent.

   For 2001, net income was $5.2 million, down from $7.3 million in 2000, including two non-recurring charges totaling $2.7 million for the second quarter due to impairment of an investment and a management retirement agreement with company founder Gerald G. Mercer. Net revenues improved 3.9 percent to $140.5 million. Bank revenues rose 4.7 percent to $104.8 million, while express revenues declined 1.7 percent to $33.9 million.

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