Air Transport Services Group (ATSG) Misses Q1 EPS by 1c, Sales Beat
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767 Deployments Drive First Quarter Revenue Growth
May 10, 2016 4:51 PM EDTServices 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