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ATSG Q1 profit soars 60pc to US$16m
来源： 编辑：编辑部 发布：2018/05/14 09:13:39
AIR Transport Services Group's (ATSG's) first quarter net earnings rose 59 per cent to US$15.9 million riven by demand at its Cargo Aircraft Management (CAM) business and lower federal taxes. Revenues for the period fell by 14.6 per cent year on year to $203 million, although this reflected the adoption of a new revenue standard and $54.4 million in reimbursable expenses last year. With these stripped out, ATSG's revenues would have improved by 11 per cent, reported London's Air Cargo News. ATSG president Joe Hete said: "Continued earnings improvement from our airline businesses and the reduction in the federal tax rate drove a more than doubling of our first quarter adjusted earnings from continuing operations compared to last year. "The outstanding efforts of our employees, and strong customer demand for our growing portfolio of freighter aircraft, point to further success during 2018." Its CAM business saw profits improve due to the increase in leased freighters in service - CAM was leasing 52 cargo aircraft to external customers as of March 31, nine more than a year earlier. The company expects to deliver ten Boeing 767-300 freighters to customers this year, one more than last year. |