A double-digit drop in revenue did little to stem ATSG’s profit momentum in 2018, which grew 16.5%.
In a second successive year of double-digit growth, profits surpassed $312m on the back of $892m in revenues, despite income declining from 2017’s $1.1bn at the same rate (16.5%) that profits grew.
Chief executive Joe Hete pointed to the company’s increased business with Amazon as one of the driving forces behind the ongoing growth.
“Our acquisitions …

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Source: The Loadstar