Air Transport Services Group, a diversified air cargo provider, racked up another win in the third quarter of 2021 with record revenues and pre-tax earnings of $81.2 million compared to $5.6 million a year ago.
Credit the strong e-commerce demand and an industry shortage of cargo capacity.
The Wilmington, Ohio-based company beat analysts’ consensus expectations Thursday with revenue of $466 million, up 15% from 2020, and adjusted earnings per share of 60 cents, a 46% increase.
Management raised...
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