ATSG reports second quarter 2021 results

Air Transport Services Group (ATSG), the medium wide-body aircraft lessor and ACMI provider, has reported an 8% increase in customer revenue to $409.9 million, largely due to a surge in pandemic-related charter operations last year. Aircraft leasing and related revenues from external customers for the quarter increased $16.7 million from seventeen more leases of Boeing 767 freighters since June 2020, including five in the second quarter this year. The re-measurements of financial instrument values, including warrants to purchase ATSG shares, increased ATSG’s second-quarter after-tax earnings by $27.6 million in 2021 and reduced them by $107.6 million in 2020. Government grants intended to mitigate pandemic effects on ATSG’s