ATSG sees Q3 earnings rise on cargo aircraft leases

Air Transport Services Group

Air Transport Services Group (NASDAQ: ATSG) saw its adjusted pretax earnings for the third quarter increase 15% to $125.5 million based on increased demand for leases of its cargo aircraft.

“In the third quarter, ATSG’s businesses continued to deliver better than expected results, aided by a quarterly record seven deployments of [Boeing] 767 freighter aircraft to its aircraft leasing customers, and by seizing opportunities for charter and cargo ACMI operations to supplement the capacity of our...

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