OHIO's Air Transport Services Group (ATSG) has revealed that a Dublin-based contract airline with customers such as Amazon Air and FedEx has ordered five Airbus converted freighters, reports New York FreightWaves.
The provider of aircraft leasing and outsourced air transport reported revenue increased 29 per cent to US$486 million and adjusted pretax earnings of $64 million, more than triple the amount in 2021, on the strength of a larger Boeing 767 fleet and greater passenger flying for the military. Both line items beat analysts' consensus expectations.
The company boosted its full-year performance estimate to a record $640 million for adjusted earnings before noncore items, up almost $100 million from 2021, as demand for express package transport continues to grow.
'ATSG had a great first quarter, with strong growth across both our business segments and more customers ready to lease all the cargo aircraft that we can deliver,' said CEO Rich Corrado.
ASL Aviation Holdings, a large provider of air transport in Europe for global express delivery companies, will lease ATSG's first two A321-200 narrow body freighters in the second half of the year, with a third aircraft scheduled for delivery in 2023. The airline will also receive two A330 retrofitted freighters in 2024.
SeaNews Turkey
The provider of aircraft leasing and outsourced air transport reported revenue increased 29 per cent to US$486 million and adjusted pretax earnings of $64 million, more than triple the amount in 2021, on the strength of a larger Boeing 767 fleet and greater passenger flying for the military. Both line items beat analysts' consensus expectations.
The company boosted its full-year performance estimate to a record $640 million for adjusted earnings before noncore items, up almost $100 million from 2021, as demand for express package transport continues to grow.
'ATSG had a great first quarter, with strong growth across both our business segments and more customers ready to lease all the cargo aircraft that we can deliver,' said CEO Rich Corrado.
ASL Aviation Holdings, a large provider of air transport in Europe for global express delivery companies, will lease ATSG's first two A321-200 narrow body freighters in the second half of the year, with a third aircraft scheduled for delivery in 2023. The airline will also receive two A330 retrofitted freighters in 2024.
SeaNews Turkey
