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Air Transport Services cuts FY23 EPS view to $1.50-$1.70, consensus $1.90

Previous view $1.85-$2.00. Cuts FY23 adjusted EBITDA view to $560M-$580M from $610M-$620M. ATSG expects the conflict in Israel to affect Omni’s customer requirements in the near-term. In addition, the company expects fewer 767-200 aircraft sales and lower engine revenues versus our plan for this year. ATSG’s domestic air express operations, in support of the e-commerce networks of DHL and Amazon, are on track with earlier expectations.

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