Air Transport Services Group (NASDAQ: ATSG) reported Q3 EPS of $0.22, $0.01 better than the analyst estimate of $0.21. Revenue for the quarter came in at $254.1 million versus the consensus estimate of $255.82 million.

ATSG continues to expect that its Adjusted EBITDA from Continuing Operations for 2017 will be approximately $260 million, or a more than 20 percent increase compared with the prior year, with all available aircraft in service during what is expected to be a strong peak season.

"Our outlook for peak season and early 2018 remains bright, as we continue to grow our portfolio of leased freighters, including our first two Boeing 737s," Hete said. "From September 30 this year through 2018, we will place at least eleven more Boeing 767 freighters in service, nine of which are committed to customers at this time. Our superior service performance, wide range of capabilities, and e-commerce-driven growth trends in the air express industry are continuing to attract new customers to ATSG."

ATSG continues to project 2017 capital expenditures of approximately $335 million, mostly for purchase and freighter modification of passenger aircraft.

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