Air Transport Services Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 06, 2023 at 05:50 pm EST
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Air Transport Services Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 523.14 million compared to USD 516.92 million a year ago. Net income was USD 17.17 million compared to USD 51.04 million a year ago. Basic earnings per share from continuing operations was USD 0.26 compared to USD 0.68 a year ago. Diluted earnings per share from continuing operations was USD 0.24 compared to USD 0.57 a year ago.
For the nine months, sales was USD 1,553.57 million compared to USD 1,512.44 million a year ago. Net income was USD 75.34 million compared to USD 155.93 million a year ago. Basic earnings per share from continuing operations was USD 1.08 compared to USD 2.08 a year ago. Diluted earnings per share from continuing operations was USD 0.98 compared to USD 1.76 a year ago.
Air Transport Services Group, Inc. is a holding company. The Company is a provider of aircraft leasing and air cargo transportation and related services. It operates through two segments: Cargo Aircraft Management, Inc. (CAM) and ACMI Services. The CAM segment includes the leasing of aircraft and aircraft engines. Its freighter fleet is composed primarily of Boeing 767 aircraft. The ACMI Services segment includes the cargo and passenger aircraft flight operations of its three airlines. Its ACMI Services business segment consists of the cargo and passenger operations of its three airline subsidiaries: ABX Air, Inc., Air Transport International, Inc., and Omni Air International, LLC. Its airline is responsible for providing full service, including fuel, aircraft, flight crews, maintenance, aircraft hull and liability insurance, landing fees, parking fees, catering, passenger handling fees, ground and cargo handling expenses and other operating expenses for a fixed, all-inclusive price.
AIR TRANSPORT SERVICES GROUP, INC. 
