To: pater tenebrarum who wrote (94768 ) 4/16/2001 4:10:38 PM From: patron_anejo_por_favor Read Replies (2) | Respond to of 436258 Airborne Freight (ABF) warns:biz.yahoo.com Airborne Previews First Quarter Results SEATTLE, April 16 /PRNewswire/ -- Airborne, Inc. (NYSE: ABF - news) today announced first quarter domestic shipment growth slowed to an estimated 1.9% over year ago levels. Total domestic shipments for the quarter are expected to increase to approximately 83.3 million, augmented by growth in @home shipments, compared to 81.8 million shipments in the first quarter of 2000. Volumes of @home were 5.5 million shipments in the first quarter compared to .6 million a year ago. As a result of the decline in core domestic shipment volumes (excluding @home) and the shift in mix of business, the company expects to report a loss greater than the current mean of First Call consensus estimates, $(.20) per share, for the first quarter ended March 31, 2001. The first quarter of 2001 has one less operating day compared to last year's first quarter, which impedes volume and margin performance. (Photo: newscom.com )``We anticipated the first quarter would be difficult, but shipment volume growth has proven even more challenging due to the slowing economy,'' said Robert Cline, Chairman and CEO. ``As a result, we expect to report a loss in the first quarter towards the lower end of analysts' estimates. '' The range of analysts' earnings estimates for Q1 according to First Call is a loss of $.15 - $.36 per share. ``We continue to invest in our growth initiatives and commenced our Ground Delivery Service (GDS) in the first week of April. We are maintaining our scheduled GDS roll-out, which calls for marketing to an increasing number of customers throughout the year,'' said Carl Donaway, President and COO. ``With the impact the current economy is having on volumes; however, we are taking measures to reduce capital spending in 2001 from our previous target of $260 million. We are now targeting capital spending between $200 - $230 million for 2001.'' Ignore, company specific poppycock!<G>