Air Transport Services (ATSG) is benefiting from fleet modernization and expansion initiatives. The expansion of ATSG's role in in the Amazon Air network is a major tailwind. However, weak airfreight demand is a major headwind. Factors Favoring ATSG Air Transport Services’commitment to rewarding shareholders through buybacks is praiseworthy. In November 2022, ATSG's board approved a new $150 million share repurchase authorization, replenishing its exhausted buyback capacity. By the end of 2023, ATSG repurch ...