ATSG post solid second-quarter results

Air Transport Services Group (ATSG), which provides medium wide-body aircraft leasing, contracted air transportation and related services, has second quarter customer revenue up by 13% to $377.8 million. ATSG’s principal business segments, aircraft leasing and air transport, increased revenues by eight percent and 13%, respectively, before eliminations. Revenues from other businesses increased eight percent on the same basis. Increased contributions from ATSG’s airlines, and from the increase in externally leased 767 freighters, drove the majority of the increase in Adjusted EBITDA. ATSG’s first-half capital spending was $265.9 million, up 23%. Capital expenditures included $188.2 million for the purchase of seven