Airborne Receives $8.8 Million after Terror Attack

October 9, 2001 — James McDermott, Dow Jones: “Airborne Inc. (ABF) received $8.8 million to compensate for losses under the U.S. Air Transportation Safety and System Stabilization Act. In a press release Tuesday, Airborne Express’ holding company said the payment is to compensate for direct losses incurred by the grounding of its aircraft fleet and anticipated losses related to the Sept. 11 terroist attacks through Dec. 31. Further payments may be received by the end of the calendar year. FedEx Corp.’s (FDX) FedEx Express received $101 million in compensation. In recent New York Stock Exchange trading, Airborne was up 19 cents or 2.1% to $9.35 on volume of 45,200 shares.”