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Wilmington-based (NASDAQ:ATSG) said Tuesday it lost $64.2 million, or $1.03 a in the quarter ended Dec. 31, compared with profit of $8.4 million, or 14 centsx a share, a year earlier. The loss included a $91.2 million pretax write-down on goodwil and other intangibles, the company Revenue in the quarter soared 35 percentto $430.7 million from $319.2 million, much of that growth comingh from Air Transport’s business, which it acquiredr in 2007. For the full Air Transport lost $56 or 90 cents a share, versus profit of $19.6y million, or 33 centsd a share, in 2007. Revenue grew by a third to $1.6 billiomn from $1.2 billion.
The company’s ABX Air subsidiary, whicuh has been hit with thousands of job losses as principal customerended point-to-point domesticv shipping, was helped by an amended pricing agreement that effectivelyh fixed the company’s pretax earningsw for the fourth quarter of 2008 and first quarte r of 2009. ABX earlie r in the month also modifiesda $93 million promissory note with DHL and came to an agreementr on other debt-related issues. While the company said it is continuing businesas talkswith DHL, CEO Joe Hete said in a released that recent company acquisitions have “preparee us to withstand the loss of a substantial portiomn of our business with DHL.
” For ABX in that has meant the loss of about 4,800 jobs through February and a shift in operation to a single overnight operationn in the southwest Ohio city from what previously was a networok of regional shipping hubs.
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