ATSG reports third quarter 2019 results

Air Transport Services Group, which provides medium wide-body aircraft leasing, contracted air transportation and related services, has reported customer revenues were $366.1 million, up $161.2 million, or 79 percent, for the past quarter ending September 30, 2019. Both of ATSG’s principal business segments, aircraft leasing and air transport, reported higher revenues for the third quarter. Revenues from Omni Air International, which ATSG acquired in November 2018, were the largest contributor to the year-over-year revenue gain. GAAP Earnings from continuing operations were $105.1 million, up $72.2 million, or 219 percent. GAAP Earnings per Share basic were $1.78, versus $0.56 a year