Air Transport International is one of two cargo airlines operated by Air Transport Services Group.365Trucking.com
Key Takeaways:
Air Transport Services Group (ATSG) reported record revenues and pre-tax earnings in Q3 2021, exceeding analyst expectations and raising its full-year outlook, driven by strong e-commerce demand and industry cargo capacity shortages.
The company is actively expanding its freighter fleet by converting passenger aircraft, securing a new partnership with Boeing for conversions to speed up the process, and significantly growing its operations for customers like Amazon.
ATSG's hybrid leasing model, which separates aircraft lease and operating agreements, remains a key driver of revenue growth, providing flexibility for its customers.
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.
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Eric is the Air Cargo Market Editor at FreightWaves. An award-winning business journalist with extensive experience covering the logistics sector, Eric spent nearly two years as the Washington, D.C., correspondent for Automotive News, where he focused on regulatory and policy issues surrounding autonomous vehicles, mobility, fuel economy and safety. He has won two regional Gold Medals from the American Society of Business Publication Editors for government coverage and news analysis, and was voted best for feature writing and commentary in the Trade/Newsletter category by the D.C. Chapter of the Society of Professional Journalists. As associate editor at American Shipper Magazine for more than a decade, he wrote about trade, freight transportation and supply chains. Eric is based in Portland, Oregon. He can be reached for comments and tips at ekulisch@freightwaves.com
