ATSG second quarter profits decline, delivers 767-300 freighter to Euroavia Airlines

Air Transport Services Group (ATSG) reported a slip in revenues and profit for the second quarter of the year on August 8, 2024. In addition, the company delivered a 767-300 converted freighter aircraft to SLG Worldwide, who will sublease it to cargo airline Euroavia Airlines. The company’s net earnings fell from $38 million in second quarter 2023 down to $7.4 million in this year’s comparable quarter. Revenues slipped to $488.4 million, down from $529.3 million last year. The company’s expenses totalled $457.1 million, down marginally from $459.6 million a year prior. It recorded an operating income of $31.3 million, halved