ABX Air is pleased to announce the CAP/401(k) matching funds for 2004 was 55¢. Under our CAP/401(k) plan, ABX contributes the base match of 35¢ on the first 6% of eligible contributions to the 401(k) each payroll period. At the end of the year, we review our 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 4^th quarter and year-end results on February 25, 2005. In the press release, the Company indicated that we received 1.6% incentive mark up from DHL. Using the graph below, the additional performance match is 20¢ for a total of 55¢ in 2004.

"This is a significant investment in our people," said Joe Hete, President and CEO. "Thanks to their hard work and dedication, we were able to achieve a meaningful percentage of the DHL incentive mark-up. This performance directly rewards our people for their efforts."

The additional performance match will be contributed into eligible participants’ accounts by March 31, 2005. For more information about 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.

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Revised: February 28, 2005.