Fewer flight hours by airline units and the scheduled return of Boeing 767-200 freighters from expiring leases pushed down second-quarter revenue by 15.3% at Air Transport Services Group. Those factors caused a 17% drop in adjusted earnings, the company reported after the market’s close on Thursday, but results exceeded analysts expectations.
The diversified lessor and operator of freighter aircraft said adjusted earnings before interest, taxes, depreciation and amortization fell 17% year over...
https://www.freightwaves.com/news/atsg-takes-profit-hit-as-amazon-returns-leased-freighters