Air Transport Services Group (NASDAQ: ATSG) reported Q4 EPS of $0.18, $0.10 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $517.04 million versus the consensus estimate of $534.14 million.

OUTLOOK

ATSG expects Adjusted EBITDA of approximately $506 million in 2024, down $56 million from 2023. Those forecasts exclude any contribution from additional aircraft leases or flying opportunities not currently under contractual commitment, which could generate additional Adjusted EBITDA above $506 million. Capital spending in 2024 is projected at $410 million, down $380 million from 2023.

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