News / ATSG flying after a great first half, despite the costs of landing Amazon contract

© Ivan Cholakov

The high cost of landing the Amazon Prime Air contract did not stunt ATSG’s growth in the first half, as it recorded a near-doubling of revenues and increased EBITDA of 17%.

Revenues for the six months to June were up $137.2m (or 38.7%) year-on-year, to $491.1m, while EBITDA reached $121m compared with $103.8m in 2016.

However, charges totalling $67.8m for the warrants granted last year relating to operating and lease agreements with Amazon, led to a net earnings loss of $43.7m.

But steep trajectory ...