Air Transport Services Group, Inc
(NASDAQ:ATSG)

Air Transport Services Group, Inc., through its subsidiaries, engages in the aircraft leasing and air cargo transportation services in the United States and internationally. It offers contracted airline operations, aircraft modification and maintenance services, ground services, and other support se...

Website: http://www.atsginc.com

Founded: 1980

Full Time Employees: 4,380

Sector: Industrials

Industry: Integrated Freight & Logistics

Industrials

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At a glance:

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Quarterly

Annual

Unit: USD	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30

revenues	516,791,000	471,253,000	488,410,000	485,517,000	517,040,000	523,137,000	529,339,000	501,095,000	533,025,000	516,916,000	509,668,000	485,860,000	482,367,000	465,955,000	409,872,000	376,088,000	399,358,000	404,146,000	377,794,000	389,277,000	403,351,000	366,073,000	334,576,000	348,183,000	280,779,000	204,919,000	203,607,000	203,040,000	322,971,000	254,101,000	253,211,000	237,917,000	221,675,000	193,261,000	176,549,000	177,385,000	181,581,000	142,305,000	148,353,000	147,025,000	157,938,000	138,443,000	149,618,000	143,593,000	156,963,000	140,877,000	138,904,000	143,279,000	154,552,000	153,826,000	153,554,000	145,506,000	166,465,000	195,480,000
operating expenses
salaries, wages and benefits	179,436,000	170,102,000	164,079,000	171,482,000	173,657,000	165,110,000	170,458,000	176,715,000	172,424,000	169,967,000	162,797,000	161,762,000	159,666,000	148,074,000	141,524,000	142,016,000	145,319,000	128,608,000	119,503,000	125,531,000	125,621,000	110,706,000	97,850,000	99,341,000	84,341,000	71,341,000	74,049,000	70,783,000	76,832,000	66,706,000	66,010,000	72,663,000	66,196,000	59,405,000	53,647,000	52,419,000	54,446,000	41,624,000	42,036,000	43,679,000	43,470,000	39,096,000	40,895,000	43,065,000	48,612,000	41,498,000	41,964,000	43,309,000	48,817,000	44,153,000	44,570,000	47,104,000	48,338,000	48,872,000
depreciation and amortization	103,363,000	98,995,000	91,879,000	90,380,000	89,314,000	86,252,000	82,691,000	84,728,000	84,338,000	83,283,000	81,372,000	82,071,000	84,013,000	77,751,000	75,633,000	71,051,000	72,460,000	67,974,000	68,291,000	69,342,000	67,480,000	64,149,000	63,266,000	62,637,000	54,070,000	43,201,000	41,620,000	40,004,000	42,728,000	37,605,000	37,781,000	36,442,000	35,891,000	33,939,000	33,132,000	32,534,000	34,296,000	30,754,000	31,400,000	28,993,000	29,826,000	26,307,000	27,142,000	24,979,000	25,672,000	23,392,000	21,765,000	20,920,000	21,606,000	21,057,000	21,514,000	20,300,000	22,198,000	22,616,000
maintenance, materials and repairs	51,719,000	46,573,000	46,727,000	49,883,000	63,929,000	54,569,000	50,436,000	43,833,000	45,465,000	41,541,000	39,407,000	35,709,000	41,693,000	43,751,000	45,913,000	42,007,000	45,167,000	48,767,000	43,704,000	41,677,000	44,650,000	41,496,000	39,651,000	44,738,000	39,540,000	33,469,000	36,817,000	36,866,000	40,605,000	33,100,000	37,588,000	24,601,000	24,646,000	27,356,000	26,390,000	27,343,000	24,703,000	24,655,000	23,993,000	22,693,000	26,399,000	17,082,000	23,168,000	24,879,000	25,270,000	24,644,000	25,005,000	22,134,000	22,405,000	26,751,000	25,270,000	23,114,000	19,503,000	23,740,000
fuel	47,089,000	52,307,000	65,577,000	63,545,000	65,482,000	79,020,000	67,271,000	66,755,000	73,432,000	68,620,000	73,102,000	60,358,000	56,390,000	50,176,000	36,592,000	30,442,000	31,595,000	36,202,000	36,787,000	43,799,000	44,722,000	41,193,000	33,984,000	34,750,000	21,611,000	5,981,000	5,913,000	5,788,000	48,445,000	34,035,000	32,258,000	34,841,000	28,963,000	24,372,000	17,168,000	16,631,000	17,533,000	12,029,000	12,275,000	10,778,000	13,188,000	14,059,000	14,014,000	12,260,000	11,219,000	11,356,000	12,440,000	14,361,000	13,966,000	12,038,000	14,084,000	13,840,000	19,858,000	41,829,000
contracted ground and aviation services	20,675,000	18,362,000	21,726,000	15,706,000	18,450,000	18,353,000	19,682,000	17,788,000	20,264,000	18,278,000	20,153,000	18,331,000	20,507,000	21,620,000	18,794,000	14,803,000	15,829,000	19,840,000	13,546,000	14,349,000	16,757,000	17,190,000	14,531,000	15,598,000	9,176,000	2,636,000	2,444,000	2,384,000	53,809,000	40,445,000	32,151,000	20,687,000	24,827,000	12,865,000	8,931,000	10,868,000
travel	30,601,000	30,633,000	32,180,000	30,446,000	31,586,000	36,223,000	31,222,000	29,553,000	29,445,000	29,865,000	28,480,000	24,199,000	24,768,000	24,928,000	18,501,000	18,404,000	18,156,000	20,254,000	17,315,000	21,657,000	24,592,000	25,366,000	20,937,000	20,098,000	13,620,000	6,903,000	7,288,000	6,632,000	6,847,000	6,357,000	6,820,000	7,366,000	5,122,000	5,440,000	4,678,000	4,808,000	5,253,000	3,989,000	4,342,000	4,423,000	4,481,000	4,189,000	4,419,000	4,573,000	4,785,000	4,409,000	4,772,000	4,727,000	5,521,000	5,618,000	5,566,000	5,978,000	7,532,000	7,575,000
landing and ramp	4,009,000	3,732,000	4,505,000	4,030,000	4,347,000	4,271,000	4,744,000	4,124,000	3,710,000	4,210,000	4,085,000	4,578,000	4,082,000	4,027,000	3,026,000	3,109,000	3,573,000	3,378,000	2,772,000	2,745,000	3,206,000	2,539,000	2,391,000	3,048,000	2,298,000	1,211,000	1,311,000	1,148,000	7,933,000	4,682,000	4,357,000	5,299,000	3,932,000	3,220,000	2,652,000	3,651,000	2,745,000	2,108,000	2,166,000	2,708,000	2,541,000	2,450,000	2,576,000	2,738,000	2,940,000	2,227,000	1,972,000	4,065,000	4,150,000	3,877,000	3,880,000	4,066,000	4,502,000	5,691,000
rent	5,807,750	8,001,000	7,698,000	7,532,000	7,506,000	7,811,000	8,274,000	8,112,000	8,323,000	8,383,000	7,068,000	6,663,000	6,294,000	5,807,000	5,726,000	5,868,000	5,478,000	5,137,000	5,198,000	3,486,000	4,146,000	4,123,000	3,984,000	3,753,000	3,635,000	3,274,000	3,760,000	3,230,000	3,538,000	3,052,000	3,753,000	3,286,000	3,110,000	3,309,000	2,579,000	2,627,000	2,777,000	2,246,000	2,447,000	4,207,000	5,727,000	6,689,000	6,924,000	7,310,000	6,940,000	6,958,000	6,791,000	6,779,000	7,251,000	6,745,000	6,244,000	5,730,000	8,255,000	5,872,000
insurance	3,094,000	3,121,000	2,557,000	2,736,000	1,503,000	3,055,000	2,684,000	2,548,000	2,442,000	2,346,000	2,326,000	2,552,000	3,206,000	3,178,000	3,068,000	3,136,000	2,608,000	3,119,000	2,508,000	1,668,000	1,741,000	1,833,000	1,857,000	1,911,000	1,639,000	1,696,000	1,420,000	1,357,000	1,369,000	1,234,000	955,000	1,262,000	1,121,000	1,099,000	1,087,000	1,149,000	1,009,000	832,000	546,000	1,258,000	1,417,000	1,109,000	1,573,000	1,205,000	1,750,000	1,559,000	1,396,000	1,511,000	1,936,000	1,944,000	1,826,000	2,010,000	1,845,000	2,720,000
other operating expenses	18,798,000	17,746,000	20,161,000	16,773,000	24,628,000	22,443,000	22,136,000	19,516,000	20,669,000	17,764,000	20,361,000	19,843,000	16,801,000	17,205,000	14,750,000	16,423,000	15,422,000	18,623,000	15,738,000	15,216,000	18,215,000	16,712,000	18,643,000	15,408,000	12,935,000	8,380,000	5,087,000	7,205,000	7,194,000	7,962,000	8,590,000	13,717,000	9,727,000	7,800,000	10,484,000	10,004,000	-2,714,000	11,151,000	9,354,000	10,757,000	9,904,000	9,175,000	10,790,000	8,748,000	11,197,000	8,224,000	8,630,000	9,060,000	7,911,000	9,348,000	8,998,000	9,562,000	8,525,000	10,931,000
operating income	41,797,000	21,681,000	31,321,000	33,004,000	36,638,000	46,030,000	69,741,000	47,423,000	72,513,000	72,659,000	70,517,000	69,794,000	79,994,000	99,760,000	84,619,000	56,859,000	59,435,000	73,970,000	23,178,000	49,807,000	52,221,000	40,766,000	37,482,000	46,528,000	32,650,000	26,827,000	23,898,000	27,643,000	33,671,000	18,923,000	22,948,000	17,753,000	18,140,000	14,456,000	15,801,000	15,351,000	22,550,000	12,917,000	19,794,000	17,529,000	14,285,000	18,287,000	18,117,000	13,836,000	-34,007,000	16,610,000	14,169,000	16,413,000	20,989,000	22,295,000	21,602,000	13,802,000	25,909,000	-1,510,000
yoy	14.08%	-52.90%	-55.09%	-30.41%	-49.47%	-36.65%	-1.10%	-32.05%	-9.35%	-27.17%	-16.67%	22.75%	34.59%	34.87%	265.08%	14.16%	13.81%	81.45%	-38.16%	7.05%	59.94%	51.96%	56.84%	68.32%	-3.03%	41.77%	4.14%	55.71%	85.62%	30.90%	45.23%	15.65%	-19.56%	11.91%	-20.17%	-12.43%	57.86%	-29.37%	9.26%	26.69%	-142.01%	10.10%	27.86%	-15.70%	-262.02%	-25.50%	-34.41%	18.92%	-18.99%	-1576.49%
qoq	92.78%	-30.78%	-5.10%	-9.92%	-20.40%	-34.00%	47.06%	-34.60%	-0.20%	3.04%	1.04%	-12.75%	-19.81%	17.89%	48.82%	-4.33%	-19.65%	219.14%	-53.46%	-4.62%	28.10%	8.76%	-19.44%	42.51%	21.71%	12.26%	-13.55%	-17.90%	77.94%	-17.54%	29.26%	-2.13%	25.48%	-8.51%	2.93%	-31.92%	74.58%	-34.74%	12.92%	22.71%	-21.88%	0.94%	30.94%	-140.69%	-304.74%	17.23%	-13.67%	-21.80%	-5.86%	3.21%	56.51%	-46.73%	-1815.83%
other income
interest income	150,000	352,000	218,000	239,000	181,000	190,000	180,000	215,000	335,000	56,000	15,000	9,000	3,000	8,000	9,000	19,000	5,000	93,000	12,000	112,000	115,000	78,000	81,000	96,000	107,000	67,000	54,000	23,000	31,000	37,000	16,000	32,000	33,000	37,000	37,000	24,000	21,000	18,000	24,000	22,000	26,000	23,000	24,000	19,000	18,000	17,000	18,000	21,000	32,000	38,000	38,000	28,000	51,000	29,000
non-service component of retiree benefit costs	-814,000	-1,085,000	-1,086,000	-1,085,000																					1,533,750	2,045,000	2,045,000	2,045,000
net gain on financial instruments	2,662,000	-5,167,000	2,946,000	2,355,000	-2,818,000	1,778,000	1,818,000	-1,740,000	-380,000	695,000	6,011,000	2,696,000	-7,818,000	-7,378,000	35,703,000	9,472,000	-44,699,000	-53,393,000		107,044,000	-72,868,000	91,952,000	-35,886,000	4,500,000	-21,411,000	17,895,000	11,697,000	-885,000			-67,649,000	1,869,000	-14,664,000	-8,473,000	5,558,000
income from non-consolidated affiliate	-550,500	-869,000	-1,254,000	-79,000	-1,099,500	-1,885,000	-2,107,000	-406,000				-1,403,000				-1,183,000	-1,825,000	-2,485,000	-6,513,000	-2,764,000				-3,816,000	-2,868,000	-2,647,000	-2,417,000	-2,536,000
interest expense	-19,211,000	-20,103,000	-21,403,000	-21,988,000	-20,951,000	-19,376,000	-16,672,000	-15,705,000	-13,834,000	-12,167,000	-9,461,000	-11,399,000	-14,788,000	-14,459,000	-15,021,000	-14,522,000	-15,085,000	-15,440,000	-16,045,000	-16,323,000	-15,738,000	-16,712,000	-16,804,000	-17,390,000	-12,463,000	-5,608,000	-5,366,000	-5,362,000	-5,365,000	-4,351,000	-3,759,000	-3,548,000	-3,089,000	-2,897,000	-2,633,000	-2,699,000	-2,644,000	-2,684,000	-2,839,000	-3,065,000	-3,324,000	-3,309,000	-3,481,000	-3,823,000	-3,749,000	-3,814,000	-3,554,000	-3,132,000	-3,497,000	-3,668,000	-3,671,000	-3,547,000	-3,237,000	-3,304,000
earnings from continuing operations before income taxes	24,344,000	-5,191,000	10,742,000	12,446,000	-15,591,000	23,519,000	49,742,000	26,569,000	61,239,000	64,924,000	69,250,000	65,085,000	60,636,000	81,241,000	104,226,000	55,102,000	1,170,000	5,642,000	-106,193,000	140,774,000	-43,607,000	111,088,000	-23,476,000	27,567,000	-1,940,000	38,579,000	29,911,000	20,928,000	46,571,000	-20,769,000	-48,444,000	16,106,000	420,000	3,123,000	18,763,000	12,148,000	20,500,000	10,347,000	17,243,000	14,473,000	11,114,000	15,640,000	14,691,000	10,331,000	-37,532,000	12,496,000	11,085,000	13,592,000	18,447,000	18,959,000	18,171,000	10,743,000	23,279,000	-6,666,000
income tax benefit	-1,319,250	1,864,000													-24,357,000				1,031,000																														-4,609,000	-7,403,000			-1,811,500	1,840,000
earnings from continuing operations	14,714,000	-3,327,000	7,428,000	8,619,000	-15,587,000	17,172,000	38,022,000	20,141,000	42,244,000	50,188,000	54,210,000	49,796,000	44,458,000	62,363,000	79,869,000	42,290,000	2,253,000	-5,745,000	-105,162,000	133,733,000	-41,104,000	105,085,000	-26,632,000	22,634,000	-5,196,000	32,933,000	24,464,000	15,682,000	94,091,000	-28,229,000	-53,918,000	9,796,000	-755,000	2,116,000	11,528,000	8,171,000	13,343,000	6,347,000	10,570,000	8,895,000	6,659,000	9,595,000	9,298,000	6,522,000	-42,840,000	7,799,000	6,915,000	8,501,000	12,211,000	11,556,000	11,219,000	6,662,000	13,530,000	-4,826,000
earnings from discontinued operations, net of taxes									407,000	854,000	882,000		66,000	2,309,000	65,000		2,874,000	154,000	236,000	3,772,000	914,000	243,000	31,000	31,000	866,000	170,000	170,000	196,000	1,026,000	-4,655,000	192,000	192,000	2,287,000	47,000	47,000	47,000	1,425,000	214,000	214,000	214,000	183,500	312,000	211,000	211,000					-198,000	-186,000	-160,000		-599,000	24,000
net earnings	14,714,000	-3,327,000	7,428,000	8,619,000	-15,008,000	17,172,000	38,022,000	20,141,000	42,651,000	51,042,000	55,092,000	49,796,000	44,524,000	64,672,000	79,934,000	42,290,000	5,127,000	-5,591,000	-104,926,000	137,505,000	-40,190,000	105,328,000	-26,601,000	22,665,000	-4,330,000	33,103,000	24,634,000	15,878,000	95,117,000	-32,884,000	-53,726,000	9,988,000	1,532,000	2,163,000	11,575,000	8,218,000	14,768,000	6,561,000	10,784,000	9,109,000	3,711,000	9,907,000	9,509,000	6,733,000	-42,841,000	7,799,000	6,914,000	8,500,000	12,013,000	11,370,000	11,059,000	6,432,000	12,931,000	-4,802,000
yoy	-198.04%	-119.37%	-80.46%	-57.21%	-135.19%	-66.36%	-30.98%	-59.55%	-4.21%	-21.08%	-31.08%	17.75%	768.42%	-1256.72%	-176.18%	-69.24%	-112.76%	-105.31%	294.44%	506.68%	828.18%	218.18%	-207.98%	42.74%	-104.55%	-200.67%	-145.85%	58.97%	6108.68%	-1620.30%	-564.16%	21.54%	-89.63%	-67.03%	7.33%	-9.78%	297.95%	-33.77%	13.41%	35.29%	-108.66%	27.03%	37.53%	-20.79%	-456.62%	-31.41%	-37.48%	32.15%	-7.10%	-336.78%
qoq	-542.26%	-144.79%	-13.82%	-157.43%	-187.40%	-54.84%	88.78%	-52.78%	-16.44%	-7.35%	10.64%	11.84%	-31.15%	-19.09%	89.01%	724.85%	-191.70%	-94.67%	-176.31%	-442.14%	-138.16%	-495.96%	-217.37%	-623.44%	-113.08%	34.38%	55.15%	-83.31%	-389.25%	-38.79%	-637.91%	551.96%	-29.17%	-81.31%	40.85%	-44.35%	125.09%	-39.16%	18.39%	145.46%	-62.54%	4.19%	41.23%	-115.72%	-649.31%	12.80%	-18.66%	-29.24%	5.66%	2.81%	71.94%	-50.26%	-369.28%
basic earnings per share
continuing operations	0.22	-0.05	0.11	0.13	-0.21	0.26	0.54	0.28	0.59	0.68	0.73	0.67	0.58	0.85	1.17	0.71	0.03	-0.1	-1.78	2.27	-0.7	1.78	-0.45	0.38	-0.08	0.56	0.42	0.27	1.6	-0.48	-0.91	0.17	-0.01	0.04	0.18	0.13	0.21	0.1	0.16	0.14	0.1	0.15	0.14	0.1	-0.67	0.12	0.11	0.13	0.2	0.18	0.18	0.11	0.22	-0.08
discontinued operations										0.01	0.01			0.03			0.05	0.01	0.01	0.06		0.01		0.01	0.01				0.01	-0.08							0.02		0.01		-0.05		0.01						-0.01		-0.01	-0.01
total basic earnings per share	0.22	-0.05	0.11	0.13	-0.2	0.26	0.54	0.28	0.59	0.69	0.74	0.67	0.58	0.88	1.17	0.71	0.08	-0.09	-1.77	2.33	-0.68	1.79	-0.45	0.39	-0.07	0.56	0.42	0.27	1.61	-0.56	-0.91	0.17	0.03	0.04	0.18	0.13	0.23	0.1	0.17	0.14	0.05	0.15	0.15	0.1	-0.67	0.12	0.11	0.13	0.19	0.18	0.17	0.1	0.21	-0.08
diluted earnings per share
total diluted earnings per share	0.2	-0.05	0.11	0.13	-0.16	0.24	0.49	0.25	0.5	0.58	0.62	0.57	0.66	0.84	0.74	0.49	0.09	-0.09	-1.77	0.9	0.36	0.2	-0.45	0.25	0.19	0.24	0.21	0.27	1.61	-0.56	-0.91	0.13	0.03	0.04	0.12	0.13	0.23	0.1	0.16	0.14	0.06	0.15	0.15	0.1	-0.67	0.12	0.11	0.13	0.18	0.18	0.17	0.1	0.2	-0.08
weighted-average shares
basic	65,026	65,036	65,028	64,973	68,641	67,253	70,722	71,802	73,611	73,998	73,980	73,888	68,853	73,721	68,206	59,447	59,128	59,146	59,130	59,040	58,899	58,919	58,909	58,838	58,765	58,739	58,739	58,840	58,907	58,733	59,035	59,133	61,330	59,379	63,267	63,636	64,242	64,239	64,541	64,454	64,253	64,286	64,285	64,148	63,992	64,052	64,050	63,810	63,461	63,456	63,431	63,431	63,284	63,334
diluted	67,309	65,036	67,301	67,235	75,561	72,672	79,515	83,057	88,324	88,746	89,449	88,744	76,216	76,743	72,964	74,744	59,931	59,146	59,130	67,947	69,348	68,718	58,909	60,437	68,356	68,323	68,363	59,558	59,686	58,733	59,035	64,949	62,994	60,283	66,763	65,057	65,127	65,171	65,471	65,337	65,211	65,271	65,207	65,141	63,992	65,036	64,859	64,524	64,420	64,667	64,393	64,374	64,085	63,334
income tax expense			-3,314,000	-3,827,000	4,000	-6,347,000	-11,720,000	-6,428,000	-18,995,000	-14,736,000	-15,040,000	-15,289,000	-16,178,000	-18,878,000		-12,812,000	1,083,000	-11,387,000		-7,041,000	-3,523,000	-6,003,000	-3,156,000	-4,933,000	-4,084,750	-5,646,000	-5,447,000	-5,246,000	-4,811,000	-7,460,000	-5,474,000	-6,310,000	-1,175,000	-1,007,000	-7,235,000	-3,977,000	-7,157,000	-4,000,000	-6,673,000	-5,578,000	-4,455,000	-6,045,000	-5,393,000	-3,809,000	-5,308,000	-4,697,000	-4,170,000	-5,091,000			-6,952,000	-4,081,000
non-service component of retiree benefit gains					-2,413,500	-3,218,000	-3,218,000	-3,218,000					3,342,500	4,457,000	4,456,000	4,457,000	2,173,250	2,897,000	2,898,000	2,898,000
government grants													-15,047,000	-30,322,000	-38,274,000	-28,030,000	-15,684,000	-21,726,000	-9,821,000
non-service component of retiree benefit (costs) gains									3,852,750	4,635,000	5,388,000	5,388,000
debt issuance costs															-6,505,000
income from non-consolidated affiliates									-1,394,250	-954,000											-3,114,750	-2,645,000	-5,998,000
gain from non-consolidated affiliates											-3,220,000
impairment of aircraft and related assets
gain from non-consolidated affiliate													-341,250	-1,147,000	965,000
transaction fees																								373,000
impairment of aircraft																			39,075,000																																			22,065,000
net income on financial instruments																			-109,723,000										-25,053,250	-34,433,000						-528,000
non-service component of retiree benefit (costs) credits																					-1,763,250	-2,351,000	-2,351,000	-2,351,000
charges from non-consolidated affiliate																													-236,250	-945,000
net gain on derivative instruments																																					573,000	96,000	264,000	-13,000	127,000	639,000	31,000	299,000	206,000	-317,000	452,000	290,000	923,000	294,000	202,000	460,000
income from discontinued operations, net of taxes																																													-1,000		-1,000	-1,000				-230,000
impairment of goodwill																																																						2,797,000
impairment of acquired intangibles																																																						2,282,000
write-off of unamortized debt issuance costs
net income on derivative instruments																																																					556,000	-1,881,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30

assets
current assets:
cash, cash equivalents and restricted cash	60,576,000	44,873,000	28,714,000	23,181,000	53,555,000	50,585,000	43,150,000	89,602,000	27,134,000	54,486,000	47,151,000	35,538,000	69,496,000	49,808,000	84,909,000	51,659,000	39,719,000	61,078,000	60,253,000	71,063,000	46,201,000	46,833,000	54,784,000	49,407,000	59,322,000
accounts receivable	208,269,000	185,251,000	205,740,000	219,946,000	215,581,000	226,147,000	218,312,000	227,122,000	301,622,000	250,548,000	260,260,000	216,664,000	205,399,000	191,746,000	176,146,000	155,115,000	153,511,000	149,804,000	166,547,000	166,993,000	162,870,000	135,907,000	128,514,000	133,995,000	147,755,000	93,662,000	100,805,000	100,186,000	109,114,000	65,563,000	75,303,000	83,981,000	77,247,000	66,285,000	51,510,000	57,865,000	57,986,000	39,160,000	36,663,000	44,591,000	43,513,000	36,392,000	57,126,000	50,827,000	52,247,000	45,680,000	43,840,000	43,153,000	47,858,000	41,043,000	39,817,000	35,530,000	42,278,000	42,360,000	48,009,000	40,248,000	40,876,000	37,331,000	35,684,000	43,372,000	25,036,000	22,239,000	18,690,000	19,861,000	24,495,000	29,333,000	37,328,000	26,957,000	55,339,000	18,969,000	12,543,000	17,060,000	10,365,000	6,161,000	5,400,000	9,111,000	15,776,000	20,540,000	24,655,000	51,232,000	54,677,000	5,454,000	7,029,000	5,121,000	5,482,000	2,387,000
inventory	49,867,000	49,690,000	50,548,000	49,847,000	49,939,000	50,680,000	57,648,000	57,727,000	57,764,000	55,322,000	54,005,000	49,716,000	49,204,000	50,827,000	44,501,000	43,051,000	40,410,000	39,638,000	40,131,000	43,278,000	37,397,000	32,776,000	36,477,000	32,750,000	33,536,000	24,412,000	24,147,000	22,256,000	22,169,000	17,282,000	16,412,000	18,454,000	19,925,000	14,054,000	14,713,000	13,513,000	12,963,000	11,901,000	10,709,000	10,313,000	10,665,000	11,936,000	9,777,000	10,608,000	9,050,000	8,952,000	8,491,000	9,446,000	9,430,000	9,440,000	8,657,000	8,974,000	8,906,000	8,685,000	7,460,000	7,195,000	7,205,000	5,769,000	5,740,000	5,142,000	5,226,000	6,523,000	7,611,000	8,852,000	11,259,000	14,039,000	17,082,000	15,740,000	14,701,000	13,554,000	13,434,000	13,386,000	13,907,000	13,418,000	13,831,000	14,196,000	14,014,000
prepaid supplies and other	32,870,000	31,258,000	30,476,000	22,386,000	26,626,000	36,349,000	32,387,000	33,555,000	31,956,000	28,281,000	28,157,000	29,233,000	28,742,000	20,008,000	27,931,000	35,352,000	39,096,000	22,916,000	20,944,000	26,027,000	20,323,000	18,018,000	19,092,000	23,225,000	18,608,000	15,698,000	13,017,000	13,426,000	20,521,000	23,699,000	23,918,000	24,481,000	19,123,000	15,571,000	12,167,000	10,477,000	12,660,000	13,552,000	10,583,000	9,274,000	11,898,000	12,023,000	12,810,000	12,754,000	9,730,000	11,075,000	7,584,000	7,306,000	8,855,000	9,716,000	7,777,000	7,695,000	9,785,000	10,667,000	11,474,000	11,412,000	10,132,000	10,480,000	8,845,000	8,823,000	7,093,000	8,900,000	8,122,000	7,616,000	11,151,000	13,931,000	14,687,000	11,935,000	19,621,000	5,799,000	5,266,000	5,764,000	6,395,000	6,957,000	6,553,000	7,065,000		5,118,000	3,673,000	4,618,000	2,550,000	3,086,000	2,344,000	2,353,000	2,511,000	4,427,000
total current assets	351,582,000	311,072,000	315,478,000	315,360,000	345,701,000	363,761,000	351,497,000	408,006,000	418,476,000	388,637,000	389,573,000	331,151,000	352,841,000	312,389,000	333,487,000	285,177,000	272,736,000	273,436,000	287,875,000	307,361,000	266,791,000	233,534,000	238,867,000	239,377,000	259,221,000	177,234,000	169,673,000	183,340,000	184,503,000	160,435,000	178,653,000	154,547,000	132,653,000	143,096,000	103,632,000	121,689,000	101,306,000	99,244,000	99,907,000	105,225,000	117,121,000	108,673,000	118,448,000	117,735,000	119,678,000	104,216,000	102,717,000	117,153,000	104,099,000	110,230,000	126,670,000	128,547,000	132,851,000	102,468,000	117,717,000	110,386,000	117,635,000	129,642,000	145,526,000	227,856,000	245,487,000	252,885,000	258,198,000	250,683,000	248,932,000	140,750,000	175,080,000	175,067,000	219,726,000	106,471,000	107,039,000	107,657,000	126,170,000	87,833,000	99,093,000	108,397,000	120,446,000	99,866,000	125,480,000	123,922,000	111,021,000	86,041,000	92,786,000	93,333,000	89,986,000	80,742,000
property and equipment	2,752,305,000	2,771,568,000	2,819,077,000	2,866,335,000	2,820,769,000	2,749,506,000	2,678,980,000	2,553,674,000	2,402,408,000	2,339,278,000	2,270,656,000	2,182,076,000	2,129,934,000	2,136,213,000	2,097,256,000	1,987,082,000	1,939,776,000	1,904,940,000	1,876,578,000	1,835,176,000	1,766,020,000	1,707,332,000	1,650,612,000	1,569,840,000	1,555,005,000	1,226,500,000	1,200,997,000	1,176,520,000	1,159,962,000	1,111,201,000	1,074,239,000	1,057,877,000	1,000,992,000	960,998,000	934,219,000	914,838,000	875,401,000	868,897,000	859,482,000	857,450,000	847,268,000	850,715,000	809,810,000	817,441,000	838,172,000	848,550,000	855,954,000	860,144,000	818,924,000	802,291,000	778,113,000	775,802,000	748,913,000	742,233,000	728,030,000	686,017,000	658,756,000	660,988,000	650,408,000	639,240,000	636,089,000	614,433,000	627,768,000	657,443,000	671,552,000	700,077,000	692,233,000	702,995,000	690,813,000	518,377,000	507,923,000	482,413,000	458,638,000	424,808,000	413,673,000	394,350,000	381,645,000	371,136,000	349,188,000	357,346,000	351,646,000	345,430,000	332,938,000	333,583,000	312,803,000	317,517,000
customer incentive	125,704,000	133,234,000	140,764,000	57,049,000	60,961,000	64,873,000	69,109,000	73,828,000	79,650,000	85,472,000	91,293,000	97,115,000	102,913,000	108,712,000	114,510,000	120,308,000	126,007,000	131,634,000	136,924,000	141,821,000	146,678,000	151,271,000
goodwill and acquired intangibles	467,324,000	473,425,000	477,320,000	479,874,000	482,427,000	484,981,000	487,534,000	490,088,000	492,642,000	495,195,000	498,073,000	501,599,000	505,125,000	508,357,000	511,001,000	513,646,000	516,290,000	519,079,000	521,937,000	524,795,000	527,654,000	530,512,000	533,371,000	536,229,000	535,359,000	43,710,000	43,999,000	44,287,000	44,577,000	45,317,000	45,455,000	45,588,000	45,586,000				38,729,000	38,799,000	38,870,000	38,940,000	39,010,000
operating lease assets	53,728,000	60,797,000	65,399,000	49,140,000	54,060,000	59,224,000	60,808,000	66,329,000	74,070,000	61,742,000	64,155,000	60,488,000	62,644,000	61,351,000	63,925,000	63,946,000	68,824,000	53,151,000	55,356,000	48,698,000	44,302,000	54,473,000	57,576,000	50,586,000
other assets	143,068,000	134,227,000	121,447,000	123,979,000	118,172,000	123,770,000	104,637,000	110,354,000	122,647,000	154,841,000	145,800,000	114,500,000	113,878,000	95,152,000	90,675,000	77,554,000	78,112,000	80,591,000	58,462,000	62,189,000	68,733,000	67,711,000	67,285,000	76,301,000	57,220,000	37,618,000	30,573,000	30,852,000	25,435,000	24,435,000	86,526,000	82,799,000	80,099,000	72,720,000	75,240,000	25,294,000	26,827,000	26,810,000	26,904,000	26,776,000	28,230,000	29,288,000	38,214,000	36,761,000	21,143,000	21,427,000	20,419,000	19,794,000	20,462,000	20,351,000	19,558,000	18,154,000	18,579,000	19,902,000	20,346,000	20,693,000	25,227,000	28,463,000	29,948,000	28,759,000	21,307,000	22,225,000	23,265,000	24,243,000	25,281,000	30,151,000	40,011,000	27,480,000	26,280,000	16,456,000	14,377,000	9,875,000	7,966,000	12,849,000	14,736,000	12,817,000	13,952,000	13,692,000	10,029,000	10,074,000	10,256,000	10,269,000	10,237,000	10,213,000	10,317,000	10,188,000
total assets	3,893,711,000	3,884,323,000	3,939,485,000	3,891,737,000	3,882,090,000	3,846,115,000	3,752,565,000	3,702,279,000	3,589,893,000	3,525,165,000	3,459,550,000	3,286,929,000	3,267,335,000	3,222,174,000	3,210,854,000	3,047,713,000	3,001,745,000	2,962,831,000	2,937,132,000	2,920,040,000	2,820,178,000	2,744,833,000	2,703,316,000	2,631,962,000	2,470,585,000	1,553,068,000	1,517,474,000	1,567,503,000	1,548,844,000	1,486,903,000	1,384,873,000	1,340,811,000	1,259,330,000	1,215,332,000	1,151,680,000	1,138,066,000	1,042,263,000	1,033,750,000	1,025,163,000	1,028,391,000	1,031,629,000	1,048,651,000	1,024,484,000	1,028,045,000	1,033,139,000	1,066,131,000	1,071,091,000	1,089,154,000	1,035,611,000	1,025,505,000	1,017,259,000	1,015,816,000	993,719,000	958,041,000	964,720,000	915,927,000	900,654,000	918,342,000	925,345,000	995,532,000	1,002,773,000	990,695,000	1,024,538,000	1,062,898,000	1,101,349,000	1,086,161,000	1,124,469,000	1,129,119,000	1,162,967,000	716,230,000	707,421,000	682,015,000	679,798,000	525,490,000	527,502,000	515,564,000	516,043,000	484,694,000	484,697,000	491,342,000	472,923,000	441,740,000	435,961,000	437,129,000	413,106,000	408,447,000
liabilities and stockholders’ equity
current liabilities:
accounts payable	236,939,000	248,647,000	255,386,000	249,828,000	227,652,000	272,306,000	269,805,000	218,218,000	192,992,000	186,460,000	194,951,000	187,181,000	174,237,000	151,064,000	172,286,000	146,112,000	141,425,000	142,173,000	156,674,000	136,781,000	141,094,000	132,508,000	122,092,000	117,408,000	109,843,000	101,205,000	85,691,000	96,041,000	99,728,000	75,820,000	77,945,000	76,269,000	60,704,000	57,831,000	40,755,000	42,473,000	44,417,000	50,018,000	39,316,000	36,339,000	40,608,000	29,803,000	33,971,000	30,361,000	34,818,000	32,988,000	39,455,000	35,752,000	36,521,000	48,018,000	37,165,000	43,679,000	48,360,000	50,698,000	61,854,000	53,733,000	40,558,000	37,329,000	31,912,000	41,272,000	38,174,000	32,825,000	30,625,000	49,855,000	36,618,000	63,438,000	59,187,000	62,902,000	76,425,000	52,179,000	44,721,000	52,596,000	65,313,000	54,273,000	59,649,000	63,502,000	78,068,000	66,732,000	53,106,000	63,676,000	62,635,000	45,370,000	48,383,000	52,186,000	43,355,000	43,877,000
accrued salaries, wages and benefits	63,086,000	62,126,000	47,677,000	55,271,000	56,650,000	59,346,000	51,509,000	60,272,000	56,498,000	60,170,000	62,538,000	50,953,000	56,652,000	58,342,000	58,888,000	46,157,000	56,506,000	58,230,000	57,205,000	49,328,000	59,429,000	50,080,000	49,068,000	40,258,000	50,932,000	31,416,000	34,189,000	29,436,000	40,127,000	30,260,000	30,963,000	27,032,000	37,044,000	27,338,000	24,254,000	24,461,000	27,454,000	25,229,000	20,485,000	22,383,000	25,633,000	26,219,000	21,061,000	23,400,000	23,163,000	22,936,000	18,893,000	21,524,000	22,917,000	23,673,000	20,645,000	22,337,000	23,226,000	24,824,000	25,460,000	22,702,000	23,639,000	23,651,000	24,956,000	29,803,000	44,077,000	37,605,000	40,259,000	43,072,000	63,500,000			54,319,000	64,560,000
accrued expenses	9,980,000	11,817,000	11,119,000	9,786,000	10,784,000	12,233,000	11,061,000	11,371,000	12,466,000	12,910,000	11,423,000	12,098,000	14,950,000	16,117,000	18,213,000	17,505,000	19,005,000	18,206,000	17,901,000	19,716,000	17,586,000	15,656,000	14,212,000	11,821,000	19,623,000	11,387,000	10,833,000	10,259,000	10,455,000	10,745,000	9,902,000	9,553,000	10,324,000	8,959,000	8,858,000	8,298,000	8,107,000	7,872,000	8,022,000	8,412,000	8,201,000	9,390,000	10,121,000	9,497,000	9,695,000	8,258,000	8,797,000	9,183,000	8,502,000	9,026,000	10,287,000	9,841,000	10,291,000	11,894,000	12,334,000	11,715,000	12,144,000	15,367,000	15,146,000	15,897,000	16,429,000	20,628,000	15,161,000	13,562,000	13,772,000	12,047,000	12,309,000	11,705,000	11,266,000	9,675,000	10,283,000	9,753,000	10,298,000	10,206,000	9,632,000	10,582,000	9,240,000	7,438,000	6,935,000	6,874,000	7,020,000	6,794,000	6,338,000	6,101,000	5,921,000	6,663,000
current portion of debt obligations	661,000	658,000	54,825,000	54,768,000	54,710,000	648,000	645,000	642,000	639,000	637,000	634,000	631,000	628,000	625,000	622,000	619,000	13,746,000	13,742,000	13,769,000	13,773,000	14,707,000	43,451,000	39,236,000	34,707,000	29,654,000	14,860,000	14,860,000	14,846,000	18,512,000	19,247,000	20,133,000	26,531,000	29,306,000	35,268,000	41,637,000	37,734,000	33,865,000	29,565,000	24,672,000	24,507,000	24,344,000	24,184,000	24,027,000	23,873,000	23,721,000	23,572,000	23,426,000	23,282,000	21,265,000	19,251,000	17,239,000	15,230,000	13,223,000	13,085,000	12,131,000	12,741,000	36,591,000	36,112,000	36,788,000	60,438,000	51,737,000	55,487,000	62,774,000	62,319,000	61,858,000			30,050,000	22,815,000
current portion of lease obligations	18,553,000	20,234,000	21,465,000	18,947,000	20,167,000	21,534,000	21,771,000	22,524,000	23,316,000	21,879,000	20,497,000	18,840,000	18,783,000	17,292,000	16,889,000	16,781,000	17,784,000	14,551,000	14,902,000	13,340,000	12,857,000	14,794,000	15,770,000	16,558,000
unearned revenue and grants	30,001,000				30,226,000	27,555,000	38,654,000	33,784,000	21,546,000	37,289,000	38,293,000	47,798,000	47,381,000	42,404,000	68,970,000	50,458,000	53,522,000	65,832,000	42,569,000
total current liabilities	359,220,000	381,913,000	428,782,000	419,675,000	400,189,000	393,622,000	393,445,000	346,811,000	307,457,000	319,345,000	328,336,000	317,501,000	312,631,000	285,844,000	335,868,000	277,632,000	301,988,000	312,734,000	303,020,000	253,801,000	263,239,000	276,642,000	259,015,000	242,133,000	229,134,000	174,072,000	160,595,000	163,347,000	184,672,000	165,258,000	161,423,000	164,618,000	155,785,000	142,547,000	127,585,000	124,957,000	126,806,000	126,735,000	105,307,000	101,491,000	111,700,000	101,288,000	98,667,000	96,018,000	100,130,000	97,525,000	100,979,000	100,321,000	99,516,000	110,604,000	96,407,000	103,370,000	107,587,000	112,436,000	124,304,000	111,617,000	124,232,000	127,833,000	132,748,000	168,728,000	184,716,000	177,514,000	203,352,000	233,572,000	258,407,000	199,466,000	197,668,000	189,266,000	196,112,000	125,482,000	129,812,000	126,139,000	144,278,000	131,374,000	146,571,000	148,506,000	162,269,000	134,908,000	136,059,000	152,127,000	142,569,000	122,676,000	122,423,000	131,260,000	113,140,000	139,177,000
long term debt	1,548,080,000	1,561,874,000	1,577,328,000	1,663,006,000	1,707,572,000	1,691,141,000	1,514,737,000	1,544,454,000	1,464,285,000	1,369,006,000	1,358,842,000	1,273,156,000	1,298,735,000	1,368,569,000	1,398,470,000	1,497,211,000	1,465,331,000	1,466,844,000	1,505,570,000	1,546,867,000	1,469,677,000	1,408,086,000	1,402,782,000	1,373,426,000	1,371,598,000	527,226,000	505,853,000	515,595,000	497,246,000	473,924,000	508,152,000	481,886,000	429,415,000	413,865,000	323,461,000	333,766,000	284,335,000	279,782,000	290,781,000	312,011,000	319,750,000	347,447,000	328,103,000	350,718,000	360,794,000
stock obligations	17,752,000	18,671,000	17,079,000	1,626,000	1,729,000	1,816,000	1,762,000	1,509,000
post-retirement obligations	17,397,000	14,890,000	16,195,000	17,504,000	19,368,000	31,488,000	32,612,000	33,702,000	35,334,000	20,140,000	20,375,000	20,623,000	21,337,000	22,379,000	25,626,000	30,057,000	35,099,000	22,946,000	30,058,000	33,021,000	36,744,000	54,066,000	59,738,000	62,233,000	64,485,000	29,355,000	53,032,000	56,771,000	61,355,000	72,876,000	71,866,000	74,674,000	77,713,000	97,646,000	104,316,000	106,001,000	108,194,000	78,323,000	86,102,000	88,915,000	92,050,000	24,833,000	29,985,000	30,207,000	30,638,000
long term lease obligations	35,322,000	41,806,000	45,591,000	31,250,000	34,990,000	38,737,000	40,032,000	44,727,000	51,575,000	40,581,000	44,305,000	42,238,000	44,387,000	44,461,000	47,192,000	47,317,000	51,128,000	38,353,000	40,082,000	34,642,000	30,334,000	38,541,000	40,573,000	32,631,000
other liabilities	135,135,000	110,143,000	97,357,000	89,235,000	64,292,000	61,360,000	54,565,000	56,020,000	62,861,000	56,810,000	53,596,000	51,254,000	49,662,000	47,890,000	47,183,000	44,970,000	47,963,000	49,814,000	50,482,000	50,324,000	49,293,000	53,410,000	50,882,000	44,875,000	51,905,000	46,334,000	45,417,000	44,276,000	45,353,000	48,039,000	50,143,000	51,294,000	52,542,000	62,309,000	61,777,000	63,935,000	61,913,000	56,950,000	59,266,000	59,735,000	57,647,000	56,653,000	64,134,000	62,243,000	62,740,000	61,592,000	60,592,000	61,634,000	62,104,000	63,781,000	63,281,000	64,261,000	54,212,000	57,991,000	57,590,000	60,304,000	52,048,000	54,863,000	59,311,000	61,029,000	44,044,000	44,321,000	17,163,000	19,798,000	17,041,000	8,145,000	6,760,000	9,978,000	12,527,000	4,409,000	3,931,000	4,028,000	3,605,000	1,910,000	2,403,000	1,567,000	1,505,000	1,750,000	1,662,000	1,304,000	1,486,000	1,872,000	2,160,000	1,965,000	1,709,000	2,318,000
deferred income taxes	296,793,000	286,787,000	291,767,000	288,016,000	285,248,000	279,778,000	272,208,000	260,989,000	255,180,000	253,036,000	241,752,000	227,128,000	217,291,000	197,528,000	178,703,000	154,252,000	141,265,000	147,201,000	135,849,000	136,978,000	127,476,000	125,018,000	118,076,000	113,374,000	113,243,000	119,289,000	113,571,000	107,930,000	99,444,000	143,337,000	135,506,000	129,425,000	122,532,000	109,827,000	109,358,000	100,965,000	96,858,000	19,770,000	19,770,000	19,770,000	19,770,000	13,957,000	13,957,000	13,957,000	13,957,000	19,154,000	19,154,000	19,154,000	19,154,000	17,418,000	17,418,000	17,418,000	31,548,000	11,977,000	12,879,000	12,879,000	12,879,000	31,597,000	31,597,000	31,597,000	31,597,000	20,171,000	20,171,000	20,171,000	20,172,000	18,311,000	18,311,000	18,311,000	19,262,000	14,691,000	14,691,000	14,691,000	14,691,000
total liabilities	2,409,699,000	2,416,084,000	2,474,099,000	2,510,312,000	2,513,388,000	2,497,942,000	2,309,361,000	2,288,212,000	2,177,387,000	2,059,633,000	2,048,057,000	1,932,889,000	1,944,958,000	2,039,338,000	2,096,127,000	2,147,975,000	2,146,248,000	2,248,211,000	2,440,599,000	2,320,737,000	2,359,836,000	2,263,837,000	2,332,507,000	2,241,148,000	2,034,147,000	1,082,369,000	1,081,894,000	1,159,005,000	1,153,565,000	1,194,629,000	1,104,940,000	999,728,000	927,428,000	892,171,000	783,625,000	729,624,000	678,106,000	662,422,000	657,441,000	670,972,000	684,140,000	654,111,000	639,224,000	652,459,000	664,171,000	738,840,000	753,565,000	780,295,000	736,355,000	721,472,000	726,070,000	737,614,000	723,572,000
commitments and contingencies
stockholders’ equity:
preferred stock, 20,000,000 shares authorized, including 75,000 series a junior participating preferred stock
common stock, par value 0.01 per share...	659,000	658,000	658,000	657,000	652,000	653,000	708,000	715,000	723,000	744,000	744,000	743,000	741,000	742,000	742,000	606,000	596,000	596,000	596,000	596,000	593,000	594,000	594,000	594,000	591,000	591,000	591,000	591,000	591,000	591,000	591,000	596,000	595,000	596,000	635,000	641,000	641,000	645,000	650,000	651,000	649,000	649,000	649,000	649,000	646,000	647,000	647,000	646,000	641,000	642,000	643,000	643,000	640,000	641,000	642,000	642,000	637,000	638,000	638,000	634,000	634,000	635,000	635,000	633,000	632,000	633,000	632,000	632,000	626,000	587,000	587,000	587,000	585,000	585,000	585,000	585,000	584,000				583,000
additional paid-in capital	915,990,000	917,181,000	912,968,000	838,402,000	836,270,000	835,630,000	951,463,000	964,026,000	986,303,000	1,039,354,000	1,037,139,000	1,035,029,000	1,074,286,000	991,650,000	989,611,000	856,090,000	855,547,000	700,757,000	477,829,000	476,423,000	475,720,000	474,915,000	473,053,000	471,245,000	471,158,000	470,676,000	469,412,000	467,570,000	471,456,000	471,950,000	432,510,000	441,300,000	443,416,000	448,833,000	497,750,000	551,914,000	518,259,000	521,107,000	525,104,000	526,832,000	526,669,000	526,845,000	526,023,000	525,347,000	524,953,000	524,554,000	523,706,000	523,069,000	523,087,000	523,035,000	522,427,000	521,366,000	520,613,000	520,152,000	519,290,000	518,488,000	518,925,000	513,898,000	503,441,000	502,897,000	502,822,000	495,551,000	490,349,000	489,948,000	460,155,000	459,894,000	459,287,000	458,422,000	458,091,000	433,108,000	432,410,000	431,661,000	431,071,000	430,622,000	430,121,000	431,185,000	430,026,000	429,027,000	428,688,000	428,637,000	428,637,000	428,637,000	428,637,000	428,637,000	428,637,000	428,699,000
retained earnings	616,643,000	601,929,000	605,256,000	597,828,000	589,209,000	604,217,000	587,045,000	549,023,000	528,882,000	486,231,000	435,189,000	380,097,000	309,430,000	264,906,000	200,234,000	120,300,000	78,010,000	72,883,000	78,474,000	183,400,000	45,895,000	86,085,000				60,381,000	27,278,000	2,644,000																																																						-346,270,000	-353,369,000	-359,195,000	-365,175,000	-372,788,000
accumulated other comprehensive loss	-49,280,000	-51,529,000	-53,496,000	-55,462,000	-57,429,000	-92,327,000	-96,012,000	-99,697,000	-103,402,000	-60,797,000	-61,579,000	-61,829,000	-62,080,000	-74,462,000	-75,860,000	-77,258,000	-78,656,000	-59,616,000	-60,366,000	-61,116,000	-61,866,000	-80,598,000	-83,595,000	-88,383,000	-91,362,000	-60,949,000	-61,701,000	-62,307,000	-63,020,000	-71,402,000	-77,187,000	-78,558,000	-79,866,000	-92,493,000	-94,392,000	-96,600,000	-99,012,000	-79,925,000	-80,972,000	-82,220,000	-82,876,000	-32,290,000	-30,841,000	-30,330,000	-29,818,000	-113,938,000	-115,055,000	-116,171,000	-117,287,000	-100,446,000	-101,313,000	-102,180,000	-103,047,000	-44,581,000	-44,188,000	-43,712,000	-46,234,000	-34,295,000	-33,567,000	-32,773,000	-46,389,000	-94,488,000	-110,742,000	-129,311,000	-134,861,000	-63,871,000	-64,194,000	-68,164,000	-69,170,000	-98,020,000	-99,901,000	-101,906,000	-103,610,000	-18,480,000	-16,946,000	-18,143,000	-18,953,000	-13,099,000	-13,069,000	-13,069,000	-13,069,000	-5,379,000	-5,379,000	-5,379,000	-5,379,000	-3,475,000
total stockholders’ equity	1,484,012,000	1,468,239,000	1,465,386,000	1,381,425,000	1,368,702,000	1,348,173,000	1,443,204,000	1,414,067,000	1,412,506,000	1,465,532,000	1,411,493,000	1,354,040,000	1,322,377,000	1,182,836,000	1,114,727,000	899,738,000	855,497,000	714,620,000	496,533,000	599,303,000	460,342,000	480,996,000	370,809,000	390,814,000	436,438,000	470,699,000	435,580,000	408,498,000	395,279,000	292,274,000	279,933,000	341,083,000	331,902,000	323,161,000	368,055,000	408,442,000	364,157,000	371,328,000	367,722,000	357,419,000	347,489,000	394,540,000	385,260,000	375,586,000	368,968,000	327,291,000	317,526,000	308,859,000	299,256,000	304,033,000	291,189,000	278,202,000	270,147,000	315,222,000	319,556,000	306,931,000	302,077,000	297,151,000	276,264,000	266,828,000	245,982,000	179,105,000	153,912,000	126,833,000	80,392,000	215,338,000	209,442,000	205,133,000	200,003,000	137,761,000	132,778,000		120,210,000	135,963,000	130,422,000	122,242,000	113,079,000	109,538,000	101,838,000	95,032,000	87,949,000	77,571,000	70,472,000	64,646,000	58,666,000	52,957,000
total liabilities and stockholders’ equity	3,893,711,000	3,884,323,000	3,939,485,000	3,891,737,000	3,882,090,000	3,846,115,000	3,752,565,000	3,702,279,000	3,589,893,000	3,525,165,000	3,459,550,000	3,286,929,000	3,267,335,000	3,222,174,000	3,210,854,000	3,047,713,000	3,001,745,000	2,962,831,000	2,937,132,000	2,920,040,000	2,820,178,000	2,744,833,000	2,703,316,000	2,631,962,000	2,470,585,000	1,553,068,000	1,517,474,000	1,567,503,000	1,548,844,000	1,486,903,000	1,384,873,000	1,340,811,000	1,259,330,000	1,215,332,000	1,151,680,000	1,138,066,000	1,042,263,000	1,033,750,000	1,025,163,000	1,028,391,000	1,031,629,000	1,048,651,000	1,024,484,000	1,028,045,000	1,033,139,000	1,066,131,000	1,071,091,000	1,089,154,000	1,035,611,000	1,025,505,000	1,017,259,000	1,015,816,000	993,719,000	958,041,000	964,720,000	915,927,000	900,654,000	918,342,000	925,345,000	995,532,000	1,002,773,000	990,695,000	1,024,538,000	1,062,898,000	1,101,349,000	1,086,161,000	1,124,469,000	1,129,119,000	1,162,967,000	716,230,000	707,421,000		679,798,000	525,490,000	527,502,000	515,564,000	516,043,000	484,694,000	484,697,000	491,342,000	472,923,000	441,740,000	435,961,000	437,129,000	413,106,000	408,447,000
unearned revenue		38,431,000	38,310,000	31,075,000																20,863,000	17,566,000	20,153,000	18,637,000	21,381,000	19,082,000	15,204,000	15,022,000	12,765,000	15,850,000	29,186,000	22,480,000	25,233,000	18,407,000	13,151,000	12,081,000	11,991,000	12,963,000	14,051,000	12,812,000	9,850,000	12,914,000	11,692,000	9,487,000	8,887,000	8,733,000	9,771,000	10,408,000	10,580,000	10,311,000	10,636,000	11,071,000	12,283,000	12,487,000	11,935,000	12,525,000	10,726,000	10,794,000	14,335,000	16,775,000	10,288,000	15,340,000	17,251,000	9,232,000	14,904,000	14,813,000	21,653,000	29,697,000	30,290,000	21,046,000	4,825,000	10,474,000	9,087,000	4,081,000	11,373,000	6,827,000	8,664,000	4,399,000	8,025,000	11,487,000	10,872,000	7,565,000	10,338,000	12,265,000	11,318,000	12,301,000	14,889,000
stock warrant obligations									695,000	715,000	851,000	989,000	915,000	72,667,000	63,085,000	96,536,000	103,474,000	210,319,000	375,538,000	265,104,000	383,073,000	308,074,000	401,441,000	372,476,000	203,782,000	186,093,000	203,426,000	214,205,000	211,136,000	229,965,000
lease incentive																							155,605,000	159,629,000	63,780,000	68,006,000	72,232,000	76,458,000	80,684,000	84,910,000
accumulated earnings																							-19,243,000	7,358,000	56,051,000
convertible note hedges																												56,046,000	53,683,000	60,605,000
convertible note obligations																												56,881,000	54,359,000
cash and cash equivalents																										43,462,000	31,704,000	47,472,000	32,699,000	53,891,000	63,020,000	27,631,000	16,358,000	47,186,000	25,242,000	39,834,000	17,697,000	14,861,000	22,182,000	20,612,000	30,560,000	33,442,000	23,763,000	27,102,000	31,699,000	16,864,000	20,932,000	35,142,000	15,442,000	28,213,000	47,527,000	51,683,000	30,503,000	28,779,000	37,895,000	38,652,000	46,543,000	44,465,000	63,660,000	108,685,000	83,229,000	89,699,000	112,064,000	124,000,000	116,114,000	59,234,000	82,670,000	96,508,000	59,271,000	33,640,000	38,684,000	37,382,000	63,219,000	41,122,000	58,234,000	61,362,000	69,473,000	44,395,000	82,099,000		38,749,000
accumulated deficit																													-13,748,000	-108,865,000	-75,981,000	-22,255,000	-32,243,000	-33,775,000	-35,938,000	-47,513,000	-55,731,000	-70,499,000	-77,060,000	-87,844,000	-96,953,000	-100,664,000	-110,571,000	-120,080,000	-126,813,000	-83,972,000	-91,772,000	-98,685,000	-107,185,000	-119,198,000	-130,568,000	-141,627,000	-148,059,000	-160,990,000	-156,188,000	-168,487,000	-171,251,000	-183,090,000	-194,248,000	-203,930,000	-211,085,000	-222,593,000	-226,330,000	-234,437,000	-245,534,000	-181,318,000	-186,283,000	-185,757,000	-189,544,000	-197,914,000	-200,318,000	-204,863,000	-207,836,000
note conversion obligations																														61,230,000
stock warrants																															177,850,000	97,831,000	89,441,000	65,977,000	57,128,000
goodwill and intangibles																																		38,518,000	38,589,000	76,245,000
aircraft and engines held for sale																																								665,000	715,000	923,000	1,015,000	2,487,000	2,995,000	2,491,000	2,716,000	2,952,000	3,360,000	4,400,000	5,474,000	7,247,000	9,831,000							30,237,000	30,634,000	32,521,000	32,901,000	9,412,000	2,353,000	5,765,000	3,755,000	1,768,000	1,896,000	2,965,000	1,971,000	2,079,000	2,219,000	3,029,000
pension assets, net of obligations																																										20,895,000	18,862,000	16,887,000	14,855,000
intangibles																																										4,685,000	4,755,000	4,826,000	4,896,000	4,958,000	5,021,000	5,083,000	5,146,000	5,653,000	5,938,000	6,333,000	6,396,000	6,458,000	8,850,000	9,054,000	9,259,000	9,472,000	9,686,000	9,900,000	10,113,000	10,335,000	10,557,000	10,778,000	11,000,000	29,723,000	30,382,000	31,041,000	31,700,000
goodwill																																										34,395,000	34,395,000	34,395,000	34,395,000	86,980,000	86,980,000	86,980,000	86,980,000	86,980,000	86,980,000	86,980,000	86,980,000	86,980,000	89,777,000	89,777,000	89,777,000	89,777,000	89,777,000	89,777,000	89,777,000	89,777,000	89,777,000	89,777,000	89,777,000	175,363,000	175,363,000	178,654,000	178,654,000
long term debt obligations																																														368,331,000	365,330,000	386,791,000	343,216,000	338,604,000	345,956,000	353,273,000	333,681,000
post-retirement liabilities																																														149,326,000	169,858,000	179,487,000	185,097,000	160,873,000	180,286,000	183,895,000	185,562,000	101,862,000	110,442,000	115,622,000	116,614,000	97,292,000	102,765,000	129,084,000	152,297,000	239,292,000	269,886,000	290,344,000	294,881,000	185,706,000	194,700,000	195,984,000		219,684,000	224,943,000	223,657,000	222,587,000	81,537,000	87,526,000	80,937,000
long-term debt obligations																																																						323,055,000	303,395,000	278,924,000	265,937,000	277,031,000	287,269,000	307,865,000	325,690,000	350,463,000
accrued severance and retention																																																									506,000	1,039,000	7,171,000	11,030,000	18,959,000	13,718,000	45,301,000	49,860,000
marketable securities—available-for-sale																																																																	26,000				49,636,000				15,374,000
due from dhl																																																													62,672,000	72,832,000	58,639,000	60,771,000	63,362,000
marketable securities - available-for-sale																																																																				3,848,000
long-term obligations																																																															380,225,000	392,351,000	450,628,000	477,506,000	515,899,000	528,758,000	567,987,000	228,894,000	215,957,000	202,712,000	189,118,000	174,706,000	160,580,000	162,312,000	164,572,000	166,787,000	169,200,000	171,336,000	173,856,000	175,905,000	177,913,000	179,885,000	181,810,000	179,774,000
accrued severence and retention																																																																	67,846,000
stockholders’ equity
marketable securities available-for-sale																																																																		137,000	1,247,000			16,853,000	20,450,000	17,295,000
salaries, wages and benefits																																																																		61,470,000	59,240,000			43,949,000	50,650,000	42,146,000	51,384,000	35,429,000	44,780,000	40,378,000	47,249,000	35,897,000	42,482,000	48,819,000	44,689,000	42,696,000	36,488,000	42,198,000	35,187,000	37,637,000
current portion of long-term obligations																																																																		40,858,000	37,235,000			14,854,000	13,684,000	12,557,000	11,413,000	10,186,000	9,089,000	8,786,000	8,612,000	8,445,000	8,278,000	8,115,000	7,954,000	7,797,000	7,631,000	7,488,000	7,332,000	7,183,000
postretirement liabilities																																																																					186,338,000								74,618,000	71,711,000	75,938,000	71,543,000	67,063,000	63,716,000	62,993,000	59,373,000	57,781,000	34,221,000
liabilities and stockholders' equity
stockholders' equity:
total stockholders' equity																																																																								125,479,000
total liabilities and stockholders' equity																																																																								682,015,000
current portion of post-retirement liabilities																																																																									1,789,000	9,907,000	16,594,000	16,594,000
restricted stock compensation awards																																																																												-1,588,000	-688,000
marketable securities - available for sale																																																																										17,146,000
deficit																																																																										-276,764,000	-283,338,000	-289,797,000	-297,890,000	-306,973,000	-314,364,000	-321,119,000	-328,202,000
marketable securities																																																																											15,075,000	16,663,000	15,637,000	15,050,000
prepaid expenses and other																																																																													5,546,000
current portion of postretirement liabilities																																																																													14,701,000	8,371,000	13,771,000	13,771,000	12,706,000	9,681,000	11,318,000	11,969,000	9,044,000	28,928,000
deferred income tax liabilities
spare parts																																																																														14,763,000	15,053,000	15,091,000		15,727,000
common stock																																																																														583,000	583,000	583,000		583,000	583,000	583,000	583,000	521,000
cash																																																																																52,981,000		61,774,000	57,311,000	64,289,000	63,101,000	56,707,000
restricted cash																																																																																			10,652,000	6,113,000	2,640,000
spare parts and fuel inventory																																																																																	15,045,000		15,450,000	15,457,000	16,252,000	17,221,000
deferred income tax assets
advances from parent
advances from airborne

Cashflow Statements:

Quarterly

Annual

Unit: USD	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31

operating activities:
net earnings from continuing operations	14,714,000	-3,327,000	7,428,000	8,619,000	-15,587,000	17,172,000	38,022,000	20,141,000	42,244,000	50,188,000	54,210,000	49,796,000	44,458,000	62,363,000	79,869,000	42,290,000	2,253,000	-5,745,000	-105,162,000	133,733,000	-41,104,000	105,085,000	-26,632,000	22,634,000	-5,196,000	32,933,000	24,464,000	15,682,000	94,091,000	-28,229,000	-53,918,000	9,796,000	-755,000	2,116,000	11,528,000	8,171,000	13,343,000	6,347,000	10,570,000	8,895,000	6,659,000	9,595,000	9,298,000	6,522,000	-42,840,000	7,799,000	6,915,000	8,501,000	12,211,000	11,556,000	11,219,000	6,662,000	13,530,000	-4,826,000	12,280,000	2,881,000	11,851,000	11,388,000	9,915,000	6,750,000	10,312,000
net earnings from discontinued operations									407,000	854,000			66,000	2,309,000			2,874,000	154,000	236,000	3,772,000	914,000	243,000	31,000	31,000	866,000	170,000	170,000	196,000	1,026,000	-4,655,000	192,000	192,000	2,287,000	47,000	47,000	47,000	1,425,000					312,000													19,000	-117,000	-12,000	-230,000	-233,000	405,000	1,196,000
adjustments to reconcile net earnings to net cash from operating activities:
depreciation and amortization	112,469,000	108,460,000	99,725,000	94,965,000	93,823,000	90,970,000	87,799,000	90,936,000	90,542,000	89,486,000	87,575,000	88,245,000	92,275,000	85,984,000	83,871,000	79,719,000	81,037,000	76,192,000	76,087,000	77,001,000	74,712,000	71,125,000	69,937,000	69,579,000	61,088,000	49,201,000	47,950,000	46,320,000	49,162,000	41,492,000	41,064,000	39,033,000			34,066,000	32,534,000	34,296,000	30,754,000	31,400,000	28,993,000	29,826,000	26,307,000	27,142,000	24,979,000	25,672,000	23,392,000	21,765,000	20,920,000	21,606,000	21,057,000	21,514,000	20,300,000	22,198,000	22,616,000	23,878,000	22,371,000	22,284,000	22,758,000	21,752,000	20,800,000	21,609,000	20,102,000	21,153,000	21,723,000	25,786,000	24,495,000	22,928,000	21,242,000	13,465,000	13,502,000	12,837,000	11,943,000	11,658,000	11,649,000	11,350,000	11,003,000	10,816,000	10,467,000	10,252,000	9,632,000	9,505,000	8,954,000	9,262,000	9,096,000	9,180,000
pension and post-retirement	2,571,000	2,570,000	2,570,000	2,571,000	4,745,000	4,745,000	4,745,000	4,745,000	1,013,000	1,014,000	324,000	324,000	1,811,000	1,811,000	1,811,000	1,811,000	972,000	972,000	972,000	972,000	3,925,000	3,925,000	3,925,000	3,925,000	940,000	942,000	942,000	942,000	2,017,000	14,926,000	1,995,000	1,995,000	1,386,000	3,382,000	3,382,000	3,382,000	20,647,000	-7,779,000	-2,808,000	-3,140,000	10,868,000	-791,000	-792,000	-793,000	1,766,000	1,765,000	1,765,000	1,765,000	1,390,000	1,391,000	1,390,000	1,391,000	47,000	-1,527,000	-580,000	-581,000
deferred income taxes	8,650,000	-5,471,000	3,259,000	2,276,000	-4,889,000	6,499,000	10,151,000	4,768,000	13,970,000	11,052,000	14,551,000	15,289,000	15,521,000	18,410,000	24,038,000	12,575,000	764,000	11,131,000	-1,350,000	7,947,000	-3,558,000	6,015,000	3,316,000	4,705,000	3,014,000	5,497,000	5,422,000	5,053,000	-46,757,000	4,532,000	5,305,000	6,149,000	1,750,000	1,088,000	7,138,000	3,831,000	7,703,000	4,048,000	6,500,000	5,440,000	2,759,000	5,951,000	5,351,000	3,696,000	5,036,000	4,625,000	4,106,000	5,005,000	6,067,000	6,960,000	6,817,000	3,905,000	10,332,000	-1,729,000	7,175,000	1,348,000	5,956,000	5,224,000	5,446,000	4,194,000	9,325,000	1,095,000	4,420,000	4,903,000	6,298,000	982,000	220,000	2,290,000	5,983,000	2,231,000	2,760,000	2,615,000													0
amortization of stock-based compensation	2,222,000	2,968,000	1,936,000	2,600,000	2,047,000	2,503,000	2,561,000	1,405,000	2,193,000	2,295,000	2,200,000	1,654,000	1,862,000	2,045,000	1,729,000	1,750,000	1,691,000	1,835,000	2,130,000	1,821,000	1,721,000	1,887,000	1,920,000	1,474,000	1,479,000	1,264,000	1,290,000	1,014,000	984,000	938,000	926,000	784,000	917,000	673,000	921,000	654,000	486,000	323,000	890,000	755,000	816,000	822,000	716,000	570,000	609,000	848,000	649,000	626,000	563,000	852,000	1,061,000	755,000	712,000	864,000	802,000	499,000	490,000	599,000	548,000	83,000	303,000	303,000	391,000	319,000
income from non-consolidated affiliates	-31,000	869,000	1,254,000	79,000	342,000	1,885,000	2,107,000	406,000	2,030,000	954,000	3,220,000	1,403,000	1,213,000	1,146,000	-965,000	1,183,000	1,825,000	2,485,000	6,513,000	2,764,000	4,987,000	2,644,000
net gain on financial instruments	-2,662,000	5,167,000														-9,472,000				-107,044,000
debt issuance costs													0	0
changes in assets and liabilities:
accounts receivable	-25,127,000	22,755,000	16,250,000	-5,704,000	5,742,000	-9,154,000	8,097,000	74,500,000	-51,074,000	9,712,000	-43,596,000	-11,265,000	-13,653,000	-15,547,000	-21,084,000	-1,604,000	-3,707,000	16,743,000	446,000	-4,123,000	-28,393,000	-7,393,000	5,481,000	15,754,000	7,221,000	7,153,000	439,000	10,567,000	-43,083,000	9,865,000	8,392,000	-6,487,000	-12,347,000	-3,626,000	6,157,000	219,000	-18,610,000	-2,777,000	7,878,000	-901,000	-6,369,000	20,570,000	-6,269,000	1,650,000	-7,177,000	-1,840,000	-697,000	4,720,000	-6,946,000	-1,175,000	-4,205,000	7,998,000	2,821,000	6,704,000	-7,498,000	-47,000	1,449,000	-533,000	6,034,000	34,579,000	8,273,000	-14,365,000	3,303,000	7,225,000	-58,524,000	7,995,000	-10,371,000	28,382,000	-22,306,000	-6,426,000	4,517,000	-6,695,000	-4,204,000	-761,000	3,711,000	6,665,000	4,329,000	4,550,000	26,577,000	3,445,000	-49,223,000	1,575,000	-1,908,000	361,000	-3,095,000
inventory and prepaid supplies	-16,774,000	-4,427,000	-12,786,000	924,000	1,143,000	9,802,000	2,413,000	-1,361,000	-9,781,000	-3,561,000	-4,476,000	-1,163,000	-7,684,000	-546,000	4,356,000	751,000	-18,898,000	-1,935,000	-2,449,000	-4,543,000	-6,507,000	4,256,000	199,000	-4,441,000	-3,750,000	-2,956,000	-1,438,000	4,871,000	-1,446,000	-839,000	2,591,000	-4,413,000	-1,066,000	-2,643,000	-2,901,000	1,341,000	-4,985,000	7,000	-1,496,000	2,578,000	986,000	-1,437,000	1,332,000	-5,045,000	1,616,000	-4,205,000	426,000	1,263,000	750,000	-3,010,000	-66,000	567,000	1,374,000	-528,000	-508,000	-351,000	-3,523,000	-1,827,000	-939,000	36,000	2,710,000	-122,000	277,000	5,376,000	4,896,000	3,185,000	-4,622,000	6,124,000	-2,359,000	-1,211,000	-99,000	674,000	61,000	-2,608,000	1,512,000	-1,601,000	-155,000	-1,644,000	489,000	-2,619,000	598,000	-1,503,000	-459,000	465,000	2,140,000
accounts payable	18,284,000	-15,862,000	14,736,000	1,226,000	7,270,000	-4,953,000	42,513,000	13,321,000	1,184,000	-8,348,000	18,248,000	-5,037,000	12,127,000	-8,437,000	8,384,000	18,314,000	-7,882,000	3,838,000	3,459,000	6,169,000	5,750,000	1,489,000	-6,105,000	2,206,000	9,627,000	3,164,000	-1,459,000	-608,000	11,802,000	-2,546,000	7,312,000	6,932,000	4,877,000	3,278,000	-557,000	-1,995,000	607,000	1,079,000	1,939,000	799,000	4,341,000	-4,168,000	2,651,000	-3,627,000	2,169,000	2,086,000	-377,000	-1,866,000	-877,000	5,814,000	-6,857,000	-3,768,000	-851,000	-9,986,000	700,000	8,422,000	3,040,000	4,540,000	-3,471,000	-1,380,000	5,625,000	2,379,000	-13,734,000	7,601,000	-28,763,000	9,875,000	-3,498,000	-7,502,000	482,000	7,366,000	30,251,000	-33,006,000	-10,130,000	-7,527,000	-4,037,000	-24,590,000	3,894,000	10,506,000	-10,570,000	1,041,000	17,264,000	-3,013,000	-4,241,000	9,270,000	-523,000
unearned revenue	-6,462,000	-370,000	6,819,000	518,000	3,309,000	-10,998,000	4,962,000	13,361,000	-15,745,000	-1,025,000	-9,659,000	-1,000	4,534,000	-26,201,000	18,343,000	-3,687,000				3,604,000	-1,384,000	1,934,000	-2,184,000	3,080,000	-2,412,000	92,000	2,248,000	-3,752,000	-14,326,000	5,188,000	-2,958,000	4,765,000	-333,000	258,000	-422,000	-2,719,000	-2,647,000	-823,000	3,588,000	-1,234,000	2,831,000	651,000	-963,000	-1,371,000	-529,000	-2,597,000	-1,818,000	-1,261,000	-3,348,000	-2,418,000	-3,018,000	9,438,000	1,708,000	-2,050,000	103,000	9,576,000	-5,177,000	-3,719,000	4,811,000	10,874,000	-1,911,000	-2,135,000	-5,904,000	-705,000	-6,952,000	-8,243,000	-833,000	9,013,000	16,555,000	-5,860,000	1,387,000	5,205,000	-7,292,000	4,546,000	-1,837,000	4,265,000	-3,626,000	-3,462,000	615,000	3,307,000	-2,773,000	-1,927,000	734,000	-770,000	-2,588,000
accrued expenses, salaries, wages, benefits and other liabilities	22,426,000	26,298,000	2,802,000	23,311,000	-1,711,000	14,495,000	-10,523,000	-4,643,000	1,966,000	2,350,000	14,221,000	-3,782,000	2,878,000	875,000	18,002,000	-11,696,000	3,397,000	3,481,000	5,638,000	-17,742,000	8,261,000	3,255,000	11,141,000	-9,267,000	8,223,000	-1,212,000	6,673,000	-10,079,000	8,137,000	-564,000	3,118,000	-9,911,000	1,411,000	4,905,000	282,000	-920,000	9,902,000	4,436,000	-3,165,000	-2,798,000	-2,950,000	3,198,000	-113,000	209,000	-1,632,000	4,484,000	-2,470,000	-494,000	1,087,000	4,529,000	-232,000	-486,000	-7,017,000	-1,105,000	2,566,000	-2,653,000
pension and post-retirement balances	-1,290,000	-1,877,000	-1,881,000	-2,437,000	22,780,000	-1,945,000	-1,911,000	-2,452,000	-5,521,000	-6,039,000	-6,116,000	-6,582,000	-6,141,000	-6,686,000	-6,645,000	-7,412,000
other	4,749,000	-2,198,000	-2,065,000	-173,000	4,641,000	-1,726,000	3,080,000	-489,000	242,000	-376,000	-1,032,000	-517,000	-2,766,000	-2,857,000	168,000	-75,000	-46,000	-359,000	-3,817,000	186,000	-679,000	854,000	-2,193,000	4,474,000	-2,006,000	4,154,000	1,876,000	2,335,000	4,961,000	-3,235,000	1,708,000	283,000	-59,000	-348,000	586,000	1,432,000	-627,000	-29,000	272,000	-456,000	-1,021,000	411,000	-1,154,000	-887,000	-39,000	-1,110,000	-1,251,000	-1,078,000	-2,926,000	-1,763,000	-493,000	150,000	-3,588,000	67,000	770,000	308,000	173,000	14,000	795,000	618,000	333,000	539,000	2,713,000	602,000	459,000	30,000	-731,000	-88,000	-1,653,000	-125,000	-102,000	2,000	-1,937,000	-407,000	358,000	495,000	202,000	451,000					44,000	564,000
net cash from operating activities	133,739,000	135,555,000	137,101,000	126,420,000	127,988,000	117,517,000	192,198,000	216,378,000	74,050,000	147,861,000	124,541,000	125,668,000	154,319,000	122,047,000	182,744,000	124,447,000	89,018,000	174,288,000	149,962,000	99,034,000	89,800,000	97,695,000	102,041,000	107,402,000	97,212,000	58,830,000	73,141,000	68,842,000	43,719,000	66,495,000	80,568,000	44,210,000	49,495,000	46,304,000	52,984,000	44,309,000	39,679,000	37,434,000	57,248,000	39,338,000	41,304,000	52,047,000	33,632,000	21,802,000	32,898,000	13,482,000	17,381,000	30,650,000	23,669,000	22,350,000	21,609,000	43,005,000	29,230,000	28,335,000	32,625,000	45,916,000	30,599,000	22,184,000	6,036,000	53,444,000	53,457,000	5,836,000	17,908,000	25,783,000	47,348,000	41,295,000	11,210,000	61,798,000	43,135,000	3,900,000			27,694,000	-9,280,000	28,929,000	7,075,000	42,432,000	12,639,000	32,716,000	31,324,000	-6,025,000	27,332,000	3,061,000	32,806,000	12,980,000
investing activities:
expenditures for property and equipment	-110,003,000	-48,185,000	-70,497,000	-102,321,000	-212,107,000	-168,415,000	-194,124,000	-218,801,000	-151,073,000	-154,148,000	-185,958,000	-108,252,000	-76,622,000	-127,877,000	-174,808,000	-125,441,000	-116,122,000	-128,413,000	-122,387,000	-143,495,000	-116,558,000	-120,175,000	-124,913,000	-91,856,000
proceeds from property and equipment	11,563,000	9,069,000	25,219,000	895,000	18,602,000	71,000	585,000	9,860,000	12,154,000	3,605,000	78,000	76,000	15,903,000	2,800,000	680,000	44,000	15,373,000	130,000	9,048,000	32,000	-283,000	11,009,000			97,000	21,000	689,000	16,763,000	372,000				12,373,000				5,471,000	340,000	850,000	180,000	1,692,000	506,000	1,214,000	190,000	184,000	27,000	1,152,000	158,000	2,288,000	1,002,000	697,000	1,785,000
acquisitions and investments in businesses	-600,000	-10,045,000	0	-9,800,000	0	-800,000	0	-800,000																		-3,135,000	-2,700,000	-2,450,000	-4,892,000	-6,254,000	-6,000	-640,000
net cash (used in) investing activities	-99,040,000	-49,161,000	-45,278,000	-111,226,000	-193,505,000	-169,144,000	-193,539,000	-209,741,000	-139,231,000	-150,231,000	-202,425,000	-108,176,000									-119,439,000	-112,499,000	-127,420,000	-107,700,000	-937,066,000	-66,323,000	-73,735,000	-64,779,000	-82,700,000	-80,679,000	-55,295,000	-79,701,000	-87,393,000	-57,023,000	-53,403,000	-71,673,000	-42,270,000	-34,325,000	-32,018,000	-43,260,000	-19,626,000	-66,852,000	-17,932,000	-19,172,000	-8,959,000	-23,898,000	-12,320,000	-59,211,000	-44,616,000	-37,874,000	-22,007,000	-44,974,000	-39,820,000	-59,615,000				-32,015,000	-8,365,000	-18,864,000		-18,308,000
financing activities:
principal payments on long term obligations	-169,324,000	-155,219,000	-331,218,000	-140,105,000			-65,103,000	-25,214,000	-20,103,000	-50,215,000	-205,210,000	-90,100,000	-142,293,000	-32,099,000	-1,601,854,000	-124,065,000	-104,457,000	-41,683,000	-44,176,000	-499,064,000	-594,000	-22,968,000	-7,969,000	-7,969,000	-18,751,000	-10,749,000	-11,750,000	-17,390,000	-4,315,000	-229,631,000	-10,163,000	-10,337,000	-20,446,000	-11,000,000	-6,434,000	-6,189,000	-16,147,000	-6,106,000	-21,065,000	-26,026,000	-25,987,000	-8,949,000	-20,911,000	-23,374,000	-5,838,000	-15,303,000	-19,767,000	-12,858,000	-16,824,000	-3,790,000	-3,758,000	-1,851,000
proceeds from revolving credit facilities	155,000,000	85,000,000	245,000,000	95,000,000	115,000,000	80,000,000	35,000,000	105,000,000	115,000,000	60,000,000	410,000,000	40,000,000	70,000,000	0
payments for financing costs					0	-10,268,000	-27,000	-484,000					0	-293,000	-2,655,000	-151,000	0	0	-26,000	-7,481,000	0	0			-9,539,000	0	-397,000	-17,000	-1,418,000
proceeds from convertible note issuance					0
repurchase of convertible notes					0
repurchase of senior unsecured notes									0	0
purchase of common stock					0	-118,475,000	-14,956,000	-21,918,000																	0	0	-3,017,000	-564,000	0	0	-9,721,000	-1,463,000	-1,415,000	-51,337,000	-7,739,000	-3,079,000	-3,426,000	-4,324,000
withholding taxes paid for conversion of employee stock awards	-4,672,000	-16,000	-72,000	-463,000	-1,408,000	0	-25,000	-1,553,000	-1,397,000	-80,000	-89,000	-1,350,000	-1,619,000	-6,000	-39,000	-1,197,000	-891,000	0	-724,000	-1,115,000	-917,000	-25,000	-112,000	-1,384,000	-996,000	0	-10,000	-1,319,000	-1,478,000	0	0	-1,436,000	-1,069,000	0	0	-1,231,000
other financing related proceeds					0
net cash from financing activities	-18,996,000	-70,235,000	-86,290,000	-45,568,000	68,487,000	59,062,000	-45,111,000	55,831,000	37,829,000	9,705,000	89,497,000	-51,450,000	-73,912,000	-32,398,000	25,419,000	14,587,000	-5,348,000	-41,683,000	-44,926,000	72,340,000	29,007,000	6,853,000	30,756,000	-9,617,000	855,714,000	19,251,000	-15,174,000	10,710,000	17,789,000	5,055,000	10,116,000	46,764,000	7,070,000	32,663,000	-14,173,000	49,501,000					-24,560,000	24,484,000	-19,039,000	-7,227,000	-9,104,000	6,348,000	-19,271,000	48,261,000	8,176,000	-3,790,000	-3,758,000	23,149,000	12,314,000	22,164,000	22,875,000	-9,313,000									-7,388,000	-34,770,000	-5,674,000	-31,994,000	313,252,000	14,069,000			14,286,000	15,223,000	-1,406,000	-2,109,000	-2,047,000	-2,009,000	-2,076,000	-1,924,000	-1,892,000	-1,842,000	-1,979,000	-2,145,000	-128,000
net increase in cash and cash equivalents	15,703,000	16,159,000	5,533,000	-30,374,000	2,970,000	7,435,000	-46,452,000	62,468,000	-27,352,000	7,335,000	11,613,000	-33,958,000	19,688,000	-35,101,000	33,250,000	11,940,000	-21,359,000	825,000	-10,810,000	24,862,000				-9,915,000	15,860,000	11,758,000	-15,768,000	14,773,000	-21,192,000	-9,129,000	35,389,000	11,273,000		21,944,000	-14,592,000	22,137,000	2,836,000				-2,882,000	9,679,000	-3,339,000	-4,597,000	14,835,000	-4,068,000	-14,210,000	19,700,000			-4,156,000	21,180,000				-7,891,000				25,456,000			-11,936,000	7,886,000				37,237,000
cash and cash equivalents at beginning of year	0	0	0	53,555,000	0	0	0	27,134,000	0	0	0	69,496,000	0	0	0	39,719,000	0	0	0	46,201,000				59,322,000	0	0	0	32,699,000	0	0	0	16,358,000	0	0	0	17,697,000	0	0	0	30,560,000	0	0	0	31,699,000	0	0	0	15,442,000	0	0	0	30,503,000	0	0	0	46,543,000
cash and cash equivalents at end of year				23,181,000	2,970,000	7,435,000	-46,452,000	89,602,000	-27,352,000	7,335,000	11,613,000	35,538,000					-21,359,000	825,000	-10,810,000	71,063,000
supplemental cash flow information:
interest paid, net of amount capitalized	9,051,000	31,020,000	10,604,000	31,622,000	9,329,000	22,306,000	8,586,000	11,652,000	7,483,000	17,513,000	3,670,000	18,528,000	4,592,000	18,992,000	3,530,000	16,582,000	5,283,000	19,281,000	7,915,000	8,864,000	12,147,000	15,061,000	13,413,000	16,925,000	8,191,000	2,637,000	4,037,000	2,413,000	2,464,000	4,128,000	3,695,000	3,406,000	2,945,000	2,689,000	2,517,000	2,587,000	2,529,000	2,573,000	2,694,000	2,952,000	3,310,000	3,148,000	3,502,000	3,616,000	3,776,000	3,559,000	3,678,000	2,739,000	3,955,000	2,983,000	3,454,000	2,803,000	3,515,000	2,790,000	3,438,000	3,242,000	4,065,000	3,440,000	5,238,000	3,913,000	5,697,000	4,887,000	7,734,000	5,775,000	9,757,000	6,648,000	9,187,000	8,686,000	4,735,000	2,444,000	4,411,000	1,471,000	2,856,000	2,714,000	3,764,000	1,570,000	3,798,000	1,309,000	3,992,000	1,152,000	4,415,000	979,000	2,818,000	1,228,000
federal and state income taxes paid	626,000	740,000	5,530,000	28,000	292,000	30,000	6,453,000	60,000	4,470,000	1,228,000			1,572,000	632,000	1,104,000	123,000	381,000
restricted balance of cash	201,000	-7,003,000	1,498,000	11,459,000
supplemental non-cash information:
accrued expenditures for property and equipment	-29,992,000	9,123,000	-9,769,000	62,653,000	-43,163,000	7,454,000	9,074,000	68,338,000	5,348,000	-143,000	-10,232,000	61,460,000	16,121,000	-12,785,000	15,890,000	24,253,000	12,048,000	-18,339,000	16,257,000	27,914,000	2,868,000	8,927,000	10,789,000	15,812,000
cash and cash equivalents at end of period		16,159,000												-35,101,000	33,250,000	51,659,000								49,407,000	15,860,000	11,758,000	-15,768,000	47,472,000	-21,192,000	-9,129,000	35,389,000	27,631,000	-30,828,000	21,944,000	-14,592,000	39,834,000	2,836,000	-7,321,000	1,570,000	20,612,000	-2,882,000	9,679,000	-3,339,000	27,102,000	14,835,000	-4,068,000	-14,210,000	35,142,000	-12,771,000	-19,314,000	-4,156,000	51,683,000	1,724,000	-9,116,000	-757,000	38,652,000		-19,195,000	-45,025,000	108,685,000		-22,365,000	-11,936,000	124,000,000		-23,436,000	-13,838,000	96,508,000		-5,044,000	1,302,000	37,382,000		-17,112,000	-3,128,000	61,362,000		-37,704,000
net (gain) loss on financial instruments				-2,355,000		-1,778,000	-1,818,000	1,740,000	380,000	-695,000	-6,011,000	-2,696,000	7,818,000	7,378,000							72,868,000	-91,952,000	35,886,000	-4,500,000	21,411,000	-17,895,000	-11,697,000	885,000			67,649,000	-1,869,000
proceeds from bond issuance													0	0			0	0	0	500,000,000
proceeds from issuance of warrants																													0
principal payments on secured debt
impairment of aircraft and related assets
acquisitions and investments in businesses, net of cash acquired																-1,697,000	-4,280,000	-3,497,000	-2,507,000	-3,049,000	-2,598,000	-3,333,000	-2,585,000	-15,844,000
investments in businesses										312,000				327,000
net cash from investing activities														-124,750,000	-174,913,000	-127,094,000		-131,780,000	-115,846,000	-146,512,000																																				-44,494,000								-6,357,000	16,920,000	-29,961,000	-19,374,000	7,433,000	-330,756,000	-23,013,000	-83,356,000	-18,741,000	-19,883,000	-23,055,000	-30,651,000	-13,077,000	-15,307,000	-48,334,000	-1,522,000	-15,168,000	-15,108,000	-21,027,000	-8,060,000	-29,473,000	-6,458,000
proceeds from exercise of warrants														0
proceeds from borrowings																140,000,000	100,000,000	0	0	80,000,000	30,018,000	30,000,000			885,000,000	30,000,000	0	30,000,000	25,000,000	0	30,000,000	60,000,000	30,000,000	95,000,000	0	60,000,000	25,000,000	0	0	20,000,000	0	30,000,000	0	15,000,000					25,000,000	0	0	25,000,000	25,000,000	25,000,000														20,000,000						17,501,000
accrued consideration for acquisition
impairment of aircraft																		0																																			0
unearned revenue and grants																		22,974,000
pension and post-retirement assets																		-10,871,000	-4,566,000	-5,483,000	-1,713,000	-5,672,000	-2,495,000	-2,252,000	-3,293,000	-23,677,000	-3,739,000	-4,584,000	-2,425,000	-4,811,000	-2,808,000	-3,039,000	-1,268,000	-6,670,000	-1,685,000	-2,196,000					-2,817,000	-7,185,000	-2,197,000	-2,463,000
other financing payments																						-154,000	-82,000	-264,000
net income on financial instruments																																		8,473,000	-5,558,000	528,000
federal alternative minimum and state income taxes paid																			602,000	48,000					1,000	406,000	280,000	526,000	653,000	65,000	1,107,000	113,000	162,000	297,000			-1,000	370,000	229,000	272,000	39,000	0	510,000	55,000	299,000	348,000	566,000	100,000	105,000	1,000	70,000	201,000	100,000	-20,000	46,000	2,322,000
redemption of long term deposits																													0	0	5,250,000	4,725,000
proceeds from convertible notes																													0
purchase convertible note hedges																													0
cash, cash equivalents and restricted cash:
increase																						-7,951,000
beginning of year																						0
end of period																						-7,951,000
income taxes paid																						0																																				42,000	208,000	117,000		163,000	1,829,000	93,000
capital expenditures	-139,995,000	-39,062,000	-80,266,000	-39,668,000	-255,270,000	-160,961,000	-185,050,000	-150,463,000	-145,725,000	-154,291,000	-196,190,000	-46,792,000	-60,501,000	-140,662,000	-158,918,000	-101,188,000	-104,074,000	-146,752,000	-106,130,000	-115,581,000	-113,690,000	-111,248,000	-114,124,000	-76,044,000	0	-63,209,000	-71,724,000	-79,092,000	-78,180,000	-74,434,000	-60,539,000	-83,786,000	-82,371,000	-57,030,000	-53,403,000	-71,673,000	-47,741,000	-34,665,000	-32,868,000	-43,440,000	-21,318,000	-67,358,000	-19,146,000	-4,362,000	-15,946,000	-23,925,000	-13,472,000	-59,369,000	-46,904,000	-38,876,000	-22,704,000	-46,759,000	-50,526,000	-59,833,000	-58,230,000	-44,494,000	-19,940,000	-32,397,000	-39,136,000	-19,208,000	-51,319,000	-18,544,000	-21,329,000	-10,035,000	-15,254,000	-42,664,000	-19,114,000	-34,845,000	-41,794,000	-26,340,000			-21,897,000	-23,735,000	-30,419,000	-12,952,000	-13,467,000	-30,528,000	-1,522,000	-15,168,000	0	-21,027,000	-8,060,000	-29,473,000	-5,488,000
free cash flows	-6,256,000	96,493,000	56,835,000	86,752,000	-127,282,000	-43,444,000	7,148,000	65,915,000	-71,675,000	-6,430,000	-71,649,000	78,876,000	93,818,000	-18,615,000	23,826,000	23,259,000	-15,056,000	27,536,000	43,832,000	-16,547,000	-23,890,000	-13,553,000	-12,083,000	31,358,000	97,212,000	-4,379,000	1,417,000	-10,250,000	-34,461,000	-7,939,000	20,029,000	-39,576,000	-32,876,000	-10,726,000	-419,000	-27,364,000	-8,062,000	2,769,000	24,380,000	-4,102,000	19,986,000	-15,311,000	14,486,000	17,440,000	16,952,000	-10,443,000	3,909,000	-28,719,000	-23,235,000	-16,526,000	-1,095,000	-3,754,000	-21,296,000	-31,498,000	-25,605,000	1,422,000	10,659,000	-10,213,000	-33,100,000	34,236,000	2,138,000	-12,708,000	-3,421,000	15,748,000	32,094,000	-1,369,000	-7,904,000	26,953,000	1,341,000	-22,440,000			5,797,000	-33,015,000	-1,490,000	-5,877,000	28,965,000	-17,889,000	31,194,000	16,156,000	-6,025,000	6,305,000	-4,999,000	3,333,000	7,492,000
accrued capital expenditures																										5,020,000	-5,874,000	24,629,000	12,581,000	-54,000	-5,636,000	18,251,000	-10,603,000	13,798,000	-1,161,000	7,084,000	-6,208,000	9,623,000	631,000	2,987,000	7,187,000	-723,000	959,000	225,000	-339,000	-8,553,000	4,080,000	5,867,000	-10,620,000	5,039,000	343,000	10,008,000	-1,487,000	-1,170,000	7,421,000	6,157,000	189,000	877,000	-5,889,000	6,227,000
amortization of dhl promissory note																																					0	0	0	-1,550,000	-1,550,000	-1,550,000	-1,550,000	-1,550,000	-1,550,000	-1,550,000	-1,550,000	-1,550,000	-1,550,000	-1,550,000	-1,550,000	-1,550,000	-1,550,000	-1,550,000	-1,550,000	-1,550,000	-1,550,000
funding for hangar construction
net (decrease) in cash and cash equivalents																																							1,570,000	-9,948,000													1,724,000	-9,116,000
debt extinguished																																					0	0	0	1,550,000	1,550,000	1,550,000	1,550,000	1,550,000	1,550,000	1,550,000	1,550,000	1,550,000	1,550,000	1,550,000	1,550,000	1,550,000	1,550,000	1,550,000	1,550,000	1,550,000
depreciation and amortizations
impairment of goodwill and acquired intangibles																																																					0
net gain on derivative instruments																																					-573,000	-96,000	-264,000	13,000	-127,000	-639,000	-31,000	-299,000		317,000	-452,000	-290,000
investment in nonconsolidated affiliate																																									0	0	0	-15,000,000
other proceeds
reclassification of pension and post-retirement balance																																						1,730,000	1,730,000	1,730,000
net cash (used in) financing activities																																						-10,430,000	-23,660,000	-6,026,000																		-9,364,000	-42,696,000	-9,124,000		-9,893,000	-11,671,000	-11,540,000
net income from discontinued operations																																							214,000	214,000				211,000	-1,000	0	-1,000	-1,000	-198,000	-186,000	-160,000	-230,000	-599,000
reimbursement of hanger construction costs																																										3,433,000	1,872,000	1,147,000
net (gain) loss on derivative instruments																																																	-923,000	-294,000	-202,000	-460,000
write-off of unamortized debt issuance costs																																																					0	0	16,000	2,870,000
proceeds from the redemption of interest-bearing investments																																																					0	0
reimbursement of hangar construction costs																																													3,537,000	1,651,000	496,000	1,119,000
financing fees																																																					0	0																	-12,000	-7,000				-23,000		0				0	-150,000	-375,000
pension and post-retirement liabilities																																														-20,532,000	-9,629,000	-5,610,000	-3,237,000	-19,413,000	-3,609,000	-1,667,000	-9,331,000	-7,656,000	-5,180,000	-992,000
proceeds from bank borrowings																																														20,000,000	0	60,000,000
net decrease in cash and cash equivalents																																																										-19,195,000
net income on derivative instruments																																																					-556,000	1,881,000
proceeds from the redemption of marketable securities
proceeds from the disposal of property and equipment																																																						218,000
principal payments on long-term obligations																																																						-2,836,000	-189,589,000	-9,313,000													-3,688,000	-3,393,000	-3,128,000	-2,762,000	-2,459,000	-2,278,000	-2,136,000	-2,086,000	-2,047,000	-2,009,000	-1,973,000	-1,924,000	-1,892,000	-1,842,000	-1,829,000	-1,770,000	-1,474,000
(gains)/losses on asset disposition
unrealized loss on derivative instruments																																																								3,932,000
gains on asset disposition, net of impairments																																																									-14,000	0	-6,000	-2,000	181,000	22,000	-1,397,000	-702,000
proceeds from the redemptions of marketable securities
acquisition payments
pension and post-retirement amortization																																																										-641,000	-640,000	137,000		7,615,000	8,518,000	8,517,000		1,746,000	1,745,000	1,746,000		2,853,000	2,854,000	2,854,000
accrued expenses, salaries, wages and benefits and other liabilities																																																										-8,337,000	-10,107,000	-22,451,000		-788,000	-8,176,000	-35,636,000		3,552,000	2,392,000	-12,120,000		-6,620,000	8,937,000	-11,348,000		-9,270,000	4,288,000	-5,467,000		-5,993,000	-5,918,000	3,802,000	1,833,000	6,376,000	-5,629,000	7,798,000	-2,806,000
post-retirement liabilities																																																										-5,502,000	-26,319,000	-1,199,000		-12,546,000	-1,763,000	-4,537,000		-8,994,000	-1,129,000	9,646,000	2,129,000	-5,259,000	1,286,000	1,070,000	6,398,000	-12,656,000	6,569,000	8,212,000
proceeds from the sale of property and equipment																																																										382,000	30,771,000	344,000		236,000	3,156,000	3,652,000		4,103,000	6,139,000	330,000	2,284,000	433,000	398,000	140,000	2,862,000
proceeds from redemptions of marketable securities																																																														0	0	26,000		1,110,000	2,601,000	45,788,000		6,557,000	3,410,000	4,295,000	3,600,000
principal payments on borrowings																																																										-9,364,000	-42,696,000	-9,124,000		-9,893,000	-11,671,000	-11,540,000				-51,994,000
cash and cash equivalents at beginning of period																																																										0	0	83,229,000		0	0	116,114,000		0	0	59,271,000		0	0	63,219,000		0	0	69,473,000		0
extinguishment of dhl note
capital contribution through debt extinguishment																																																																29,477,000
changes in assets and liabilities, net of assets aquired:
acquisition of chi, net of cash acquired
purchases of marketable securities																																																																					0	-1,955,000	-4,598,000	-3,693,000	-4,448,000	-4,604,000	-6,782,000	-2,075,000	-3,056,000
long-term deposits
issuance of common shares
acquisition of chi																																																																		0	0	-3,840,000
accrued aircraft modification expenditures																																																														-179,000	-5,496,000	7,700,000	1,522,000	-5,624,000	-216,000	6,382,000	-7,160,000	32,000	-4,597,000	20,289,000	21,170,000	2,151,000	184,000	10,024,000
net earnings																																																															8,107,000	11,097,000	-64,216,000	4,965,000	-526,000	3,787,000	8,371,000	2,404,000	4,545,000	4,267,000	68,928,000	6,574,000	6,459,000	8,093,000	9,083,000	7,391,000	6,755,000	7,083,000	18,068,000	7,099,000	5,826,000	5,980,000	7,613,000
changes in assets and liabilities, net of assets acquired:
capital leases
stock-based compensation																																																																		608,000	865,000	337,000	341,000	699,000	749,000	592,000	450,000
impairment
restricted deposits of interest-bearing funds																																																																						-1,708,000	-5,272,000	-4,745,000
payments on long-term obligations
proceeds from borrowings on long-term obligations																																																																		18,500,000				17,500,000	17,500,000	17,500,000
net decrease in cash																																																																		-23,436,000				-5,044,000	1,302,000	-25,837,000
long-term deposit
net cash provided (used) by operating activities																																																																								-21,827,000
net cash provided (used) in financing activities																																																																								14,731,000
income tax benefit
restricted cash																																																																																	0	10,652,000	-4,539,000	-3,473,000
net increase in cash																																																																									22,097,000	-17,112,000	-3,128,000	-8,111,000	25,078,000	-37,704,000	29,118,000	14,232,000	-23,025,000			1,188,000	6,394,000
other assets																																																																										-361,000
proceeds from sales of marketable securities																																																																											6,550,000	1,950,000
impairment charge																																																																																					0
postretirement liabilities																																																																													4,981,000	-9,627,000	4,395,000	5,545,000	-1,265,000	-914,000	3,971,000	3,515,000	5,055,000
sales of aircraft and equipment
line of credit and financing fees
proceeds from promissory note																																																																																					0
distribution of promissory note proceeds to airborne, inc.																																																																																					0
advances from airborne, inc.
proceeds from maturities of marketable securities
change in other assets																																																																																88,000
cash at beginning of period																																																																																38,749,000		0	0	63,101,000
cash at end of period																																																																																52,981,000		4,463,000	-6,978,000	64,289,000
asset
net asset																																																																																36,541,000
line of credit cost
additions to property and equipment																																																																																		-21,027,000	-8,060,000	-29,473,000	-5,488,000
net income applicable to common stockholders																																																																																		1,273,000	-154,000	5,980,000
weighted-average shares outstanding for basic and diluted earnings per share
basic and diluted earnings per share
weight-average shares outstanding for basic earnings per share																																																																																			0	58,270,000
common equivalent shares:
assumed conversion of airborne’s 5.75% convertible senior notes
weighted-average shares outstanding assuming dilution																																																																																			0	58,270,000
basic earnings per share																																																																																			0	100
diluted earnings per share																																																																																			0	100
taxes paid
proceeds from issuance of aircraft loan
proceeds from sale-leaseback of aircraft
cash at beginning of year
cash at end of year
balance at december 31, 2000
comprehensive income:
other comprehensive income, net of tax:
unrealized interest rate swap gain
minimum pension liabilities
total comprehensive income
balance at december 31, 2001
unrealized interest rate swap loss
balance at december 31, 2002
separation from airborne, inc.:
dividend of certain assets and liabilities to airborne, inc.
cancellation of advances payable to airborne, inc.
issuance of shares to note holders of airborne’s convertible senior notes
comprehensive loss:
net income
total comprehensive loss
balance at december 31, 2003
change in assets and liabilities:
advances from airborne,inc.
december 31, 2002
stock split and issuance of shares to former airborne shareholders
other comprehensive income, net of tax
september 30, 2003

Air Transport Services Group, Inc(NASDAQ:ATSG)

Air Transport Services Group, Inc
(NASDAQ:ATSG)