ATSG issues preliminary outlook for 2016 results

Air Transport Services Group reported that its Adjusted EBITDA from Continuing Operations is expected to be approximately US$7m 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 US$56m and US$211m, respectively.