Emery Air Freight Corp. posted a $51.1-million...

Emery Air Freight Corp. posted a $51.1-million loss for 1988, a widening of its $47.7-million loss in 1987. For the fourth quarter, Emery’s loss totaled $15.7 million, an improvement over the $18.4-million loss a year earlier. Chairman and Chief Executive William F. Souders cited costs associated with the integration of Emery’s operations with those of Purolator Courier Corp., which it acquired in April, 1977.

Tables, Page 4.