ATSG reports net earnings of $2.8 million for first quarter

ATSG reported that pre-tax earnings from continuing operations were $4.6 million, compared with $10.8 million in the first quarter of 2010. Adjusted pre-tax earnings from continuing operations totaled $11.4 million, up 57% from $7.2 million during the first quarter of 2010. Net earnings were $2.8 million compared with $7.2 million in the year-earlier quarter. Revenues increased 9% to $175.1 million, due to increased leased aircraft revenues as well as a higher customer-reimbursed jet fuel price.