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  September 5, 2001
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Home > Company Index > Transportation > Air Delivery, Freight & Parcel Services > AirNet Systems, Inc.

AirNet Systems, Inc.
NYSE: ANS
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 NEWS FROM THE WIRES
Ainsworth second quarter profit dips
Aug 21 2001 02:34 PM PDT

More WIRE STORIES about this company

 PROFILE
Keeping bank managers' blood pressure down is a pleasant side effect of AirNet Systems' business. Its air transportation subsidiary AirNet Express makes more than 20,000 deliveries a day for the top 100 bank holding companies in the US; transporting cancelled checks accounts for nearly 75% of the firm's total revenue. The company also carries such consequential cargo as human organs and time-sensitive medications, and has obtained a federal permission to deliver certain radioactive materials. AirNet owns a fleet of about 120 aircraft (32 Lear jets supplemented by twin-engine planes) and about 200 vehicles. Founder and chairman Gerald Mercer owns about 29% of the company.

 COMPETITION
Airborne, Inc. (ABF)
FedEx Corporation (FDX)
United Parcel Service, Inc. (UPS)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 135.20
1-Yr. Sales Growth: 5.1%
Employees: 1,111
Revenue per employee: $121,692.17

 KEY PEOPLE
• Joel E. Biggerstaff
    CEO
• William R. Sumser
    CFO

 CONTACT INFO
3939 International Gateway
Columbus, OH 43219
US
Phone: 614-237-9777
Fax: 614-338-2074
Online: Web Site

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