Air Transport Services (ATSG) Q4 Earnings Miss, Down Y/Y

Air Transport Services Group, Inc. (ATSG) reported disappointing fourth-quarter 2023 results wherein both earnings and revenues lagged the Zacks Consensus Estimate.Quarterly earnings per share (EPS) (excluding 41 cents from non-recurring items) of 18 cents missed the Zacks Consensus Estimate of 29 cents and declined 66% year over year.  Revenues of $517 million lagged the Zacks Consensus Estimate of $521 million and fell 3% year over year.Air Transport Services’ total fleet in service included 130 aircraft ...