Air Transport Services (US:ATSG)2022-05-06 16:53Financial Performance Highlights - GAAP EPS from Continuing Operations increased by $0.09 to $0.58 compared to 1Q 2021[10] - Adjusted EPS increased by $0.36 to $0.56 compared to 1Q 2021[10] - Customer Revenues increased by $110 million, a 29% increase over 1Q 2021, reaching $486 million[10] - TTM Adjusted EBITDA increased by 24% to $593 million compared to $479 million in TTM 1Q21[10] - Adjusted EBITDA for 1Q 2022 increased by 49% to $158 million compared to 1Q 2021[19] - TTM Adjusted Free Cash Flow is $406 million[10] Guidance and Outlook - 2022 Adjusted EBITDA Guidance is $640 million, an 18% increase compared to 2021[10, 31] Fleet and Debt Management - CAM owned 124 aircraft as of March 31, 2022, including sixteen being converted to freighters[27] - Debt leverage under bank agreement declined from 2.75x in March 2021 to 1.83x in March 2022[27] - Total Debt level decreased by 15% while CAM owned aircraft have increased by 12%[27]