ATSG reports third quarter growth

Air Transport Services Group (ATSG), which provides medium wide-body aircraft for lease, has reported a 10% increase in customer revenue during the third quarter of 2020 compared to the prior-year period to $404.1million. ATSG’s principal business segments, aircraft leasing and air transport, increased revenues by seven percent and 10 percent, respectively, before eliminations. Revenues from other businesses decreased six percent on the same basis. GAAP Earnings from Continuing Operations were a loss of $5.7 million, or $0.10 per share basic,  versus a profit of $105.1 million, or $1.78 per share. Quarterly re-measurements of financial instrument values reduced after-tax earnings by