ATSG Reports Strong Third Quarter 2022 Results
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Air Transport Services Group (ATSG) Tops Q3 EPS by 7c
November 3, 2022 4:14 PM EDTAir Transport Services Group (NASDAQ: ATSG) reported Q3 EPS of $0.60, $0.07 better than the analyst estimate of $0.53. Revenue for the quarter came in at $517 million versus the consensus estimate of $510.34 million.
2022 Outlook:
ATSG expects its Adjusted EBITDA for 2022 to meet or exceed $640 million, up nearly $100 million from 2021. The 2022 Adjusted EBITDA forecast assumes for the fourth quarter:
Delivery of the last three of eight dry leases of 767-300 newly converted freighters CAM will complete this year.
Addition of the last three of seven customer-provided 767 freighters that our... More
