Air Transport Services Group has reported consolidated financial results for the quarter and year ended December 31, 2018.
Customer revenues were US$280.8 million in 4Q 2018 vs. same-basis US$221.2 million in 4Q 201. GAAP Earnings from Continuing Operations were negative US$5.2 million, vs. US$94.1 million in 4Q 2017.
Adjusted Earnings from Continuing Operations (non-GAAP) US$24.1 million in 4Q 2018 vs US$19.6 million in 4Q 2017.
Adjusted EBITDA from Continuing Operations (non-GAAP) was up 19% in 4Q 2018 to US$96.2 million.
2018 capital spending was US$292.9 million, comparable to 2017, as ten cargo aircraft (nine Boeing 767s, one Boeing 737) were deployed in each year.
