Air Transport International is one of two cargo airlines operated by Air Transport Services Group.365Trucking.com
Key Takeaways:
ATSG achieved record Q3 2021 revenues and pre-tax earnings, exceeding analyst expectations and leading to an increased full-year outlook, primarily driven by strong e-commerce demand and industry cargo capacity shortages.
The company is actively expanding its freighter fleet through significant investments in converting passenger aircraft, notably increasing leases with customers like Amazon, and has partnered with Boeing for the first time to accelerate these conversions.
ATSG's hybrid leasing model, which separates aircraft lease and operating agreements, continues to be a major driver of revenue growth and offers flexibility to 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
