ATSG Posts $2.9 million First Quarter Net Profit

Air Transport Services Group posted a $2.9 million net income in the first quarter, a 61.4% year-on-year decline attributed mostly to a $6.8 million non-cash charge associated with a recent debt refinancing deal (Aviation Daily, May 5). Revenues rose 8.8% to $175.1 million, while operating expenses...

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