If completely mixed and thinned reasonably correct, it should airbrush fine, go on the surface fine, flow out and level, all very well..For myself and my airbrushes, at 25psi. The problem with it and many whites is opacity. That is to say, ya it went on great but didn't cover well. The answer to that has been brought up already, put on a flat white or as I would do, use white primer.
I don't use Testors enamels much anymore but when I do I now use hardware store lacquer thinner in them for thinning. The flow out and gloss is perfect, thinned someplace between 40% to 50-50 thinner. 60/40 paint to thinner is a very good starting point and it may suffice entirely.
I have no suggestions if your paint is old but to get a new bottle.