2024 Predictions:
Taking into account the four aircraft leases that have commenced since the end of June, ATSG expects adjusted EBITDA of approximately $526 million in 2024.
ATSG expects 2024 capital spending to be $390 million, down from the $410 million estimated in May 2024 and $400 million lower than actual spending for 2023. ATSG’s total capital spending forecast includes $225 million in growth capital. ATSG expects adjusted EBITDA for the third quarter to be similar to the second quarter as production ramp-up costs continue to add 10 Amazon-built 767 freighters, but higher in the fourth quarter as the last few aircraft enter service and other peak season operations occur.
“We have made progress toward our positive free cash flow target for the year, generating $107 million in the first half and expecting to add to that total in the second half.”
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