Air Transport Services Group

Air Transport Services Group, Inc. engages in the provision of airline operations, aircraft leases, aircraft maintenance, and other support services primarily to the cargo transportation and package delivery industries. It operates through the CAM and ACMI Services segments. The CAM segment consists of the company's aircraft leasing operations. The ACMI Services segment involves the company's airline operations. The company was founded on April 16, 1980 and is headquartered in Wilmington, OH.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

ATSG surpasses 2022 financial goals, eyes growth amid challenges

ATSG's 2022 performance exceeded expectations, with a focus on growth and resilience in the face of challenges.
The company's strategic guidance for 2023 indicates a proactive approach to capital investments and revenue targets.
Despite market concerns, ATSG remains optimistic about future growth, supported by strong customer relationships and operational efficiency.

Air Transport Services Group reports revenue growth amidst inflation challenges

ATSG's Q1 2023 performance reflects revenue growth and adjusted free cash flow resilience amidst inflationary challenges.
The company faces challenges in the ACMI Services segment due to cost pressures and maintenance spikes, offset by long-term contract strategies.
Opportunities lie in future EBITDA growth driven by lease order book, rate increases, and strong demand for aircraft conversions.
Overall, ATSG maintains a strong position with a successful business strategy and confidence in future earnings and cash flow growth.

ATSG reports revenue growth and strategic focus on shareholder returns

ATSG's Q2 performance reflects revenue growth, stable EBITDA, and a focus on shareholder returns and operational efficiencies.
Despite challenges in CAM's lower pretax earnings and analyst inquiries, ATSG remains committed to optimizing fleet performance and capital returns.
Opportunities in e-commerce, emerging markets, and strategic industry positioning guide ATSG's focus on generating superior returns for investors.

ATSG reports mixed Q3 results, focuses on flexibility and growth

ATSG's Q3 performance showed revenue growth but declines in earnings, with a focus on managing challenges and seizing opportunities for future growth.
The company's strengths lie in its commitment to long-term goals, stable liquidity position, and strong collateral value.
Challenges include operational issues, pilot attrition, and market uncertainties, while opportunities exist in asset deployment and aircraft conversions.

Air Transport Services Group reports Q4 challenges, eyes leasing opportunities

ATSG faces challenges from lower demand and lease returns impacting financials, but aims to capitalize on leasing opportunities and generate positive cash flow. The company provided a conservative EBITDA guidance for 2024 while focusing on aligning business scale with demand and reducing debt to enhance flexibility.

ATSG raises EBITDA guidance amidst revenue decline and growth opportunities

ATSG's Q1 2024 performance saw revenue decline, but adjusted EBITDA guidance was raised by $10 million.
The company faces challenges with A321s and GTF engine issues, while maintaining labor stability and pursuing growth opportunities.
Opportunities lie in the strong demand for 767-300 and A330 aircraft, market trends in e-commerce, and potential EBITDA upside.
ATSG aims to generate cash flow for investments and be free cash flow positive for the year.

ATSG reports Q2 earnings decline but anticipates strong 2024 outlook

ATSG's Q2 performance reflected challenges in revenues and adjusted earnings but highlighted strengths in milestone achievements and financial outlook.
The company's focus on financial discipline, efficiency, and liquidity positions it well for future growth opportunities amidst operational and industry challenges.
Key areas of focus include reducing adjusted EBITDA leverage ratio, maintaining healthy liquidity, and capitalizing on growth prospects in the freighter market.
Ongoing discussions on labor negotiations, aircraft conversions, and financial strategies underscore the company's proactive approach to addressing challenges and seizing opportunities.

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Air Transport Services (ATSG) faces major headwinds from increased operating expenses, softness pertaining to airfreight demand and weak liquidity position.

Here's Why One Should Avoid Air Transport (ATSG) Stock Now

WILMINGTON, Ohio--(BUSINESS WIRE)--ATSG raised more than $317,000 during their charity golf series held this year.

ATSG Raises Over $317,000 with Charity Golf Outings

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ADNT, ATSG and NGLOY have been added to the Zacks Rank #5 (Strong Sell) List on December 12, 2023.

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Air Transport Services (ATSG) reported earnings 30 days ago. What's next for the stock?

Air Transport Services (ATSG) Up 0.3% Since Last Earnings Report: Can It Continue?

Shareholder-friendly measures and fleet expansion boost Air Transport Services (ATSG).

Why You Should Retain Air Transport Services (ATSG) Stock Now

WILMINGTON, Ohio--(BUSINESS WIRE)--ATSG announced today that it delivered a Boeing 767-300 freighter to My Freighter Cargo Airlines of Uzbekistan under the terms of a multi-year lease.

ATSG Delivers Boeing 767-300BCF to My Freighter

Air Transport Services Group has lost a quarter of its value after missing analyst estimates in Q3 results. Analysts and investors have lost confidence in ATSG due to the unexpectedly poor performance and lack of visibility. The Company has downgraded its EBITDA guidance for the year due to weak performance and lower demand in the Middle East.

Air Transport Services Group: What To Do After An Epic Miss?

WILMINGTON, Ohio--(BUSINESS WIRE)--ATSG today announced that it will present at the Stephens Annual Investment Conference in Nashville, Tenn., on November 14, 2023, at 9 a.m. CST.

ATSG to Present at the Stephens Annual Investment Conference NASH2023

Air Transport Services Group, Inc. (NASDAQ:ATSG ) Q3 2023 Results Conference Call November 7, 2023 10:00 AM ET Company Participants Joe Payne - Chief Legal Officer Joe Hete - Chief Executive Officer Quint Turner - Chief Financial Officer Mike Berger - President Paul Chase - Chief Commercial Officer Conference Call Participants Frank Galanti - Stifel Grant Smith - Stephens Inc Helane Becker - TD Cowen Christopher Stathoulopoulos - Susquehanna Financial Group Howard Rosencrans - Value Advisory Michael Ciarmoli - Truist Securities Operator Good day, and thank you for standing by. Welcome to the Q3 2023 Air Transport Services Group, Inc. Earnings Conference Call.

Air Transport Services Group, Inc. (ATSG) Q3 2023 Earnings Call Transcript

Air Transport Services (ATSG) third-quarter 2023 revenues surge year over year.

Air Transport Services (ATSG) Q3 Earnings Miss, Decrease Y/Y

Air Transport Services reported weaker-than-expected earnings and announced its former CEO is returning to the job effective immediately. ATSG had attempted to expand aggressively into a weakening market.

Why Air Transport Services Group Stock Is Losing Altitude Today

Although the revenue and EPS for Air Transport Services (ATSG) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Air Transport Services (ATSG) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

WILMINGTON, Ohio--(BUSINESS WIRE)--Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the third quarter ended September 30, 2023. Those results, as compared with the same quarter in 2022, were as follows: Third Quarter 2023 Results Revenues of $523 million, up 1% GAAP EPS (basic) from Continuing Operations of $0.26, down $0.42 Adjusted.

ATSG Reports Third Quarter 2023 Results

WILMINGTON, Ohio--(BUSINESS WIRE)--Air Transport Services Group, Inc. (NASDAQ: ATSG), the global leader in medium wide-body freighter aircraft leasing, air operations, and support services, today announced that its Board of Directors has appointed Joe Hete, current Chairman of the Board and the Company's former longtime Chief Executive Officer, as ATSG's CEO, effective immediately. Hete succeeds Rich Corrado, who is leaving his role as CEO of the Company, effective immediately. Hete will contin.

ATSG Board of Directors Appoints Joe Hete as Chief Executive Officer

Air Transport Services (ATSG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Air Transport Services (ATSG) Q3 Earnings Expected to Decline

WILMINGTON, Ohio--(BUSINESS WIRE)--ATSG will host an investor call to review its third quarter 2023 financial results on Tuesday, November 7, 2023, at 10:00 a.m. Eastern Time.

ATSG to Host Third Quarter 2023 Investor Conference Call

The consensus price target hints at a 26.8% upside potential for Air Transport Services (ATSG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Believe Air Transport Services (ATSG) Could Rally 26.76%: Here's is How to Trade

Mike Berger has commenced the duties of Air Transport Services (ATSG) president from Oct 1, 2023.

Air Transport Services (ATSG) Picks Mike Berger as President

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The Zacks Industry Rank for the Transportation-Air Freight and Cargo industry paints a gloomy picture. Braving the headwinds are three stocks FDX, GXO and ATSG, which investors might consider keeping on their radar.

3 Air Freight & Cargo Stocks to Watch Amid Prevailing Concerns

Pro-investor steps and fleet expansion boost Air Transport Services (ATSG).

Here's Why One Should Retain Air Transport Services (ATSG)

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Rising quarterly and annual earnings estimates are starting to make these companies stand out among their respective sectors with now looking like a great time to buy their stocks.

Buy these Highly Ranked Stocks Poised to Beat Earnings Expectations

The mean of analysts' price targets for Air Transport Services (ATSG) points to a 27.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Does Air Transport Services (ATSG) Have the Potential to Rally 27.9% as Wall Street Analysts Expect?

Air Transport Services Group was initiated at outperform by Oppenheimer, with the bank focusing on expansion opportunities in e-commerce. The company has a large fleet of fuel-efficient cargo planes and a partnership with Amazon.

Why Air Transport Services Stock Is Gaining Altitude Today

WILMINGTON, Ohio--(BUSINESS WIRE)--Air Transport Services Group, Inc. (Nasdaq: ATSG), the global leader in medium wide-body freighter aircraft leasing, contracted air transportation, and related services today announced that it will host an Investor Day on September 27, 2023, at 8:00 a.m. EDT live from the NASDAQ Exchange in New York, N.Y. The event also will be livestreamed. The event will feature presentations from ATSG's executive leadership team, who will share an update on the Company's vi.

Air Transport Services Group to Host Investor Day

WILMINGTON, Ohio--(BUSINESS WIRE)--Air Transport Services Group, Inc. (Nasdaq: ATSG) today announced that it will webcast a fireside chat at the TD Cowen Global Transportation Conference in Boston on Wednesday, September 6, 2023, at 1:40 p.m. Eastern Time. TD Cowen equity analyst Helane Becker will lead a 30-minute fireside chat discussion with ATSG President and CEO Rich Corrado and VP & Controller Matt Fedders. They will discuss the Company's business model and growth strategy as the lead.

News for Air Transport Services Group Stock (ATSG)