Air Transport Services Group profits decline in 2016

Air Transport Services Group reported (07-Mar-2017) the following financial highlights for the 12 months ended Dec-2016:

• Revenues: USD768.9 million, +24.2% year-on-year;
• • Cargo aircraft management: USD195.1 million, +9.7%;
  • ACMI Services: USD492.9 million, +13.8%;
  • • Airline services: USD410.6 million, +3.8%;
• Profit (loss) before tax from continuing operations: USD34.5 million, -44.9%;
• • Cargo aircraft management: USD68.6 million, +19.4%;
  • ACMI services: (USD32.1 million), compared to a loss of USD2.7 million in p-c-p;
• Operating expenses: USD705.1 million, +29.0%;
• Operating income: USD63.7 million, -12.4%;
• Net Earnings: USD23.5 million, -43.0%;
• Asset: USD1259.3 million;
• Cash and cash equivalents: USD16.4 million;
• Total liabilities: USD927.4 million. [more - original PR]