Air Transport Services Group, a freighter leasing and airline services company best known for operating dozens of cargo jets for Amazon, said it expects slower growth this year after generating record revenue in 2022, because weaker economic conditions mean there is less need for its aircraft.
It will also be a big year for investment in new aircraft as management bets on the air cargo industry long-term upside, which could increase debt leverage.
The air logistics specialist on Thursday reported...
https://www.freightwaves.com/news/atsg-expects-5-dip-in-usage-of-cargo-aircraft-in-2023