Air Transport Services sees FY18 continuing ops adjusted EBITDA of $310M
ATSG expects that its Adjusted EBITDA from Continuing Operations for 2018 will be approximately $310M, or a 16% increase from 2017, as ten 767-300 freighters enter service during the year. One 737-400 freighter will enter service in March. ATSG projects 2018 capital expenditures of $300M, roughly equivalent to what was spent in 2017, principally for purchases of additional 767 aircraft and related freighter modification costs. "Our outlook for 2018 is very positive," Hete said. "We have firm customer commitments for all six of the 767 freighters we expect to deploy in the first half, and strong interest from customers for the others. We expect that as e-commerce retailers come to rely even more on air express networks to satisfy their customers' need for speed, demand for the unique blend of aircraft assets and services that ATSG provides will remain strong."