Air Transport Services Group (ATSG) Tops Q1 EPS by 4c
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ATSG Growth Reflects Strong Freighter Leasing Market
May 5, 2015 4:15 PM EDTAdditional 767 Dry Lease Placements Yield Growing Cash Returns
WILMINGTON, Ohio--(BUSINESS WIRE)-- Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body freighter aircraft leasing, air cargo transportation and related services, today reported consolidated financial results for the quarter ended March 31, 2015.
For the first quarter of 2015:
Revenues were $147.0 million, up 2 percent. Excluding revenues from reimbursed expenses, revenues increased 4 percent. This increase included contributions from four more 767 dry leases with external customers, versus the same quarter a year ago. These leases offset reductions in revenues from certain international... More