Fifteen years of Cargolux results reveal air cargo’s uneven new era
Here at The Loadstar, we’ve been watching Cargolux for well over a decade. It has had its ups and downs – from financial stress ...
WILMINGTON, OH – January 26, 2017 – Air Transport Services Group, Inc. (NASDAQ:ATSG) today announced that its Adjusted EBITDA from Continuing Operations, as defined below, is expected to be approximately $7 million lower than indicated in its prior guidance for the fourth quarter and full year 2016. This reduction in guidance is due to the revenue loss resulting from a brief work stoppage in mid-November 2016 by pilots of its subsidiary ABX Air.
ATSG now expects 2016 Adjusted EBITDA from Continuing Operations for the fourth quarter and full year 2016 to be approximately $56 million and $211 million, respectively.
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