ATSG reports strong four quarter and full year results

Air Transport Services Group (ATSG), which provides medium wide-body aircraft leasing, air cargo transportation and related services, has a 24 percent increase in revenues to $768.9 million for 2016, which increased by 22 percent to $221.7 million for the fourth quarter. Excluding revenues from reimbursable airline expenses, revenues increased 18 percent for the year and 17 percent for the quarter. Principal contributors were ATSG’s aircraft leasing, maintenance, and logistics businesses. Earnings from Continuing Operations were $21.1 million, or $0.33 per share diluted, for 2016 and a $755 thousand loss, or a negative $0.01 per share diluted, for the fourth quarter.