ATSG reports strong first quarter 2019 results

Air Transport Services Group (ATSG), which provides medium widebody aircraft leasing, contracted air transportation and related services, has a 71% increase in customer revenues to $348.2 million during the first quarter of 2019. Omni Air International, acquired in November 2018, contributed $135.8 million to external ATSG revenues, reflected in revenues of the ACMI Services segment. GAAP Earnings from Continuing Operations were $22.6 million, $7.0 million higher than the prior period. GAAP Earnings per Share diluted were $0.25, down $0.01. Offsetting the first quarter revenue gain were increases in interest expense, depreciation and amortization expense, and unrealized losses from derivative interest