2024 Outlook:
Bearing in mind the 4 plane leases that commenced for the reason that finish of June, ATSG expects Adjusted EBITDA of roughly $526 million in 2024.
ATSG expects capital spending for 2024 to be $390 million, down from the $410 million estimated in Might 2024, and down $400 million from 2023 precise spending. ATSG’s whole projected capital spend consists of progress capital of $225 million. ATSG expects third quarter Adjusted EBITDA to be much like the second quarter as ramp-up prices for including ten Amazon equipped 767 freighters proceed, however increased within the fourth quarter when the previous few enter service and different peak-season operations happen.
“We’re forward of our goal for constructive free money stream for the yr, with $107 million generated within the first half and an expectation so as to add to that whole within the second half.”
