- Air Transport Services (NASDAQ:ATSG +9.1%) reports Q1 revenue growth of 71.5% Y/Y to $348.18M.
- Omni Air International, acquired in November 2018, contributed $135.8M to external ATSG revenues, reflected in revenues of the ACMI Services segment.
- Segment revenue: Cargo Aircraft Management $70.35M (+34% Y/Y); ACMI Services $257.96M (+116.1% Y/Y) & Other activities $67.36M (-6.3% Y/Y).
- Operating margin declined 567 bps to 13.35% & Adj. EBITDA margin increased 380 bps to 32.68%.
- YTD 2018 capital spending was $91.9M (+16% Y/Y)
- Capex in Q1 2019 included $70.5M for the purchase of four Boeing 767 aircraft and for freighter modification costs.
- 2019 Outlook: Capex of $475M; Adj. EBITDA for 2019 will grow 44.2% Y/Y to $450M and also purchases of four more 767s.
- Previously: Air Transport Services beats by $0.08, beats on revenue (May. 07 2019)
Air Transport Services rallies 9.1% post Q1 results
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Symbol | Last Price | % Chg |
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ATSG | - | - |
Air Transport Services Group, Inc. |