CAP

CAP/401(k) Company Match 39¢ for 2005

3/31/2006

ABX Air has announced that the CAP/401(k) matching funds for 2005 was 39¢. Under our CAP/401(k) plan, ABX contributes the base match of 35¢ on the first 6 percent of eligible contributions to the 401(k) each payroll period. At the end of the year, ABX reviews its financial performance under the Aircraft, Crew, Maintenance and Insurance (ACMI) and Hub and Line-haul Services agreements with DHL to determine if any additional performance match is due.

The Company announced it’s fourth quarter and year-end results on March 16, 2006. The Company received a 0.81% incentive mark up from DHL for 2005. The additional performance match is 4¢ for a total of 39¢ in 2005. “The operational challenges associated with the hub consolidation and corresponding impacts on costs made achieving favorable variances from planned costs extremely difficult. However, thanks to the hard work and efforts of our employees, we were able to achieve some portion of the DHL incentive mark-up,” said Joe Hete, President and CEO. “This incentive match directly rewards our people for their efforts.” The additional 4¢ incentive match will be contributed into eligible participants’ accounts no later than April 30, 2006.

For more information on the performance match please see the January 23, 2004 issue of A Benefits Xtra, available on-line on the ABX benefits home page at www.myabx.com/benefits. If you have any questions about the CAP/401(k) plan, you may contact the Benefits Dept. at abx.benefits@abxair.com or by calling (800) 736-3973 ext. 2463 or 3085. Or, contact Fidelity Investments www.401k.com or by calling (800) 835-5095.