ATSG ends 2010 on a high

AIRCRAFT leasing, cargo transportation and maintenance company Air Transport Services Group (ATSG) has reported earnings of US$11.8 million on revenues of $178.6 million for the final quarter of 2010.

Earnings are up $300,000 on the final three months of 2009.

ATSG has transformed its business after losing millions of dollars in revenues when DHL closed the Wilmington freight hub that ATSG’s ABX Air subsidiary managed.

For 2010 in total, ATSG reported earnings of $40 million compared with $34.4 million in 2009.

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