ATSG fourth quarter net loss of $15 million

Air cargo and related services company ATSG has reported a net loss of $15 million for the fourth quarter of 2023, down from its fourth quarter net earnings of $42.6 million in 2022. The company reported fourth quarter revenues were $517 million, down from $533 million in 2022’s fourth quarter. Its basic loss per share was at 24 cents, down from its 58 cents earnings per share in the same period a year prior. “As expected, the fourth quarter saw lower demand in our leasing segment and reduced demand in our passenger airline operations,” said ATSG CEO and chairman Joe