News / Another year of double-digit growth for ATSG, but revenue loses some height

A double-digit drop in revenue did little to stem ATSG’s profit momentum in 2018, which grew 16.5%.

In a second successive year of double-digit growth, profits surpassed $312m on the back of $892m in revenues, despite income declining from 2017’s $1.1bn at the same rate (16.5%) that profits grew.

Chief executive Joe Hete pointed to the company’s increased business with Amazon as one of the driving forces behind the ongoing growth.

“Our acquisitions and expansion of our agreements with Amazon have strengthened our ...