November 7, 2013
Air Transport Services Group announces third-quarter results
Air Transport Services Group, a leading provider of aircraft leasing, and air cargo transportation and related services reported consolidated financial results for the quarter ended September 30, 2013. Revenues decreased 8.4% to $140.9m. Revenues increased 1.4% from the second quarter of 2013. Net earnings from continuing operations decreased 32.5% to $7.8m but were up 12.8% from this year’s second quarter. Adjusted EBITDA decreased 7.7% from a year ago to $40.0m. The sequential increase from the second quarter was $4.1m or 11.3%.