Air Transport Services Group (ATSG) PT Lowered to $28 at Cowen; Buy on Pullback
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767 Freighter Leases, Airlines Drive ATSG Growth in Second Quarter
August 6, 2018 4:12 PM EDTOn Track Toward 2018 Targets As Demand for ATSG Services Drive Earnings Momentum
WILMINGTON, Ohio--(BUSINESS WIRE)-- Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body aircraft leasing, air cargo transportation and related services, today reported consolidated financial results for the quarter ended June 30, 2018:
GAAP revenues were $203.6 million based on new revenue recognition standards adopted in 2018. 2Q 2018 revenues increased six percent after excluding $61.1 million in reimbursed expenses from 2Q 2017 revenues. GAAP Earnings from Continuing Operations were $24.5 million, $0.42 per share... More