Air Transport Services Group (ATSG) Misses Q1 EPS by 1c, Sales Beat

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Go back to Air Transport Services Group (ATSG) Misses Q1 EPS by 1c, Sales Beat

767 Deployments Drive First Quarter Revenue Growth

May 10, 2016 4:51 PM EDT

Services for Expanding Air Express Networks Lead to Record First-Quarter Adjusted EBITDA

WILMINGTON, Ohio--(BUSINESS WIRE)-- Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body freighter aircraft leasing, air cargo transportation and related services, today reported consolidated financial results for the quarter ended March 31, 2016.

For the first quarter of 2016, compared with the first quarter of 2015:

Revenues increased 21 percent to $177.4 million. Excluding revenues from reimbursed expenses, revenues increased 18 percent. This increase included contributions from five more dry leases of Boeing 767 cargo aircraft... More