Air Transport Services Group reported consolidated financial results for the quarter and full year ended December 31, 2016. Revenues increased 24% to US$768.9m for the year, and were up 22% to US$221.7m for the quarter. Excluding revenues from reimbursable airline expenses, revenues increased 18% for the year and 17% for the quarter. Principal contributors were ATSG’s aircraft leasing, maintenance, and logistics businesses. Adjusted EBITDA increased seven percent to US$211.8m for 2016. Fourth-quarter Adjusted EBITDA was US$56.4m, even with the prior year. Adjusted EBITDA and the other non-GAAP measures above do not exclude the effects of the work stoppage in the fourth quarter. Operating cash flow increased 10% in 2016 to US$193.1m. 2016 capital expenditures were US$264.5m.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada