It’s much better to be a cargo than a passenger airline these days. The former has seen demand shoot through the roof; the latter’s business has fallen off a cliff.
Air Transport Services Group (NASDAQ: ATSG) delivered first-quarter operating profit of $133.7 million, or $2.27 per share, versus $22.6 million in the year-ago period on the strength of combined revenue growth of 12% for its aircraft leasing and air transport segments. That’s a good three months compared to passenger carriers that...
https://s29755.pcdn.co/news/amid-covid-outbreak-freighter-demand-boosts-atsg-in-q1