Air Transport Services Group (ATSG) Misses Q1 EPS by 11c; Offers FY23 EPS Guidance
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ATSG Reports First Quarter 2023 Results
May 4, 2023 5:15 PM EDTDemand for medium-size cargo aircraft remains strong
2023 Outlook revised to reflect macro effects on ATSG airlines
WILMINGTON, Ohio--(BUSINESS WIRE)-- Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the quarter ended March 31, 2023. Those results, as compared with the same quarter in 2022 were as follows:
First Quarter 2023 Results
Revenues $501 million, up 3% GAAP EPS (basic) from Continuing Operations $0.28, down $0.39 GAAP Pretax Earnings... More