ATSG Reports Second Quarter 2021 Results
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Air Transport Services Group (ATSG) Tops Q2 EPS by 8c
August 5, 2021 4:58 PM EDTAir Transport Services Group (NASDAQ: ATSG) reported Q2 EPS of $0.35, $0.08 better than the analyst estimate of $0.27. Revenue for the quarter came in at $410 million versus the consensus estimate of $401.76 million.
Outlook:
ATSG continues to expect its Adjusted EBITDA for 2021 to be at least $525 million, or six percent more than 2020 Adjusted EBITDA of $497 million. The forecast projects new leases for sixteen or more 767-300 freighter aircraft in 2021 and CMI flight operations for at least thirteen more 767 freighters for Amazon in 2021. It also assumes no incremental restrictions on passenger air... More
