News / ATSG enjoys revenue boost in second quarter as Amazon effect takes hold

ATSG yesterday announced a revenue increase of 19% to $176.5m for the second quarter, but the ‘Amazon effect’ hit costs. Net earnings in the second quarter grew 7% to $11.5m – but they fell slightly to $19.7m in the first half.

“Ramp up” costs for Amazon amounted to $2.6m for crew training and additional personnel. First half capital expenditure was $125m, up from $76m a year earlier, after it bought seven 767-300s, and paid out on modification, maintenance and ground equipment.

It ...