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 Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

WILMINGTON, Ohio--(BUSINESS WIRE)--Airborne Maintenance & Engineering Services, Inc., has renovated and expanded its Component Repair/Overhaul and Manufacturing facility.

Airborne Maintenance & Engineering Services Completes Renovation and Expansion

WILMINGTON, Ohio--(BUSINESS WIRE)--ATSG announced the delivery by its CAM subsidiary of a third Boeing 767-200 converted freighter to Raya Airways of Malaysia under a five-year lease.

ATSG Delivers Third Boeing 767 Freighter to Raya Airways of Malaysia

WILMINGTON, Ohio--(BUSINESS WIRE)--ATSG has announced the upsize and pricing of its add-on offering of $200 Million in senior notes due 2028.

Air Transport Services Group, Inc. Announces Upsize and Pricing of Add-On Offering of $200 Million Senior Notes Due 2028

WILMINGTON, Ohio--(BUSINESS WIRE)--ATSG announced that its subsidiary, Cargo Aircraft Management, has commenced an add-on offering of senior notes.

Air Transport Services Group, Inc. Announces Proposed Add-On Offering of Senior Notes

WILMINGTON, Ohio--(BUSINESS WIRE)--Airborne Training Services announced the launch of its newly redesigned website at www.airbornets.com.

Airborne Training Services Launches New Website

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

Why Is Air Transport Services (ATSG) Up 5.1% Since Last Earnings Report?

Executives at Air Transport Services Group, which provides aircraft and outsourced cargo transport for Amazon's private airline, say the rise in pandemic-related e-commerce is stimulating heavy demand for flying and leasing Boeing 767 freighters, and that new long-term leases will provide ongoing revenue long after the current freight peak subsides. The provider of bundled air transport services is completely sold out with 15 leases this year, including 11 for Amazon (NASDAQ: AMZN), and already has firm orders for nine of the midsize widebody aircraft next year, Chief Commercial Officer Mike Berger said Wednesday during an investor presentation.

Amazon airline ATSG touts red-hot business for cargo jet leases

WILMINGTON, Ohio--(BUSINESS WIRE)--Air Transport Services Group, Inc. (Nasdaq:ATSG) today announced that its investor presentation at the Sidoti Spring 2021 Virtual Conference will be available as an audio webcast on Wednesday, March 24, 2021, at 12:15 p.m. Eastern time. ATSG's Rich Corrado, president and chief executive officer, Mike Berger, chief commercial officer, and Quint Turner, chief financial officer, will discuss the company's business model and its strategy as the leading source of l

ATSG to Webcast Investor Presentation at the Sidoti Spring 2021 Virtual Conference

Air Transport Group continues to see strong demand for its cargo services on the back of hot e-commerce growth, with various and sundry costs obscuring double-digit underlying returns.

There's An Interesting Gap Between Air Transport's Underlying Performance And The Share Price

Amazon

Amazon.com (NASDAQ: AMZN) has taken a minority stake in cargo airline Air Transport Services Group (NASDAQ: ATSG), strengthening a strategic partnership in its fast-growing private air network that supports e-commerce fulfillment. ATSG said in an SEC filing Monday that Amazon for the first time exercised warrants it held, paying $131 million to take a 19.5% share in the Wilmington, Ohio-based aircraft leasing and aviation services company.

Amazon investment strengthens partnership with cargo airline ATSG

The company is clearly aiming to be the master of its own destiny in logistics.

Amazon Acquiring Nearly 20% of Cargo Carrier Air Transport Services Group

WILMINGTON, Ohio--(BUSINESS WIRE)--Air Transport Services Group has launched a brand realignment unifying the company's spectrum of aviation businesses.

ATSG Launches Brand Realignment to Focus on Strong Market Positioning and Growth Potential

Amazon owns warrants in air freight partners ATSG and Atlas Air.

Amazon spends $131 million to take minority stake in air cargo contractor ATSG

Air Transport Services Group, Inc. (ATSG) CEO Rich Corrado on Q4 2020 Results - Earnings Call Transcript

Disappointing revenues from the ACMI Services segment hurt Air Transport Services' (ATSG) top line in Q4.

Air Transport Services (ATSG) Q4 Earnings Top, Decrease Y/Y

Air Transport Services (ATSG) delivered earnings and revenue surprises of 11.76% and -3.69%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Air Transport Services (ATSG) Q4 Earnings Top 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 quarter and year ended December 31, 2020. ATSG's fourth quarter 2020 results, as compared with the fourth quarter of 2019 include: Customer revenues down $4.0 million to $399.4 million, and up $118.4 million to $1.57 billion for the year. Fourth qu

ATSG Reports 2020 Results

WILMINGTON, Ohio--(BUSINESS WIRE)--Air Transport Services Group, Inc. (NASDAQ:ATSG) today announced that it will host an investor conference call on Friday, February 26, 2021, at 10 a.m. Eastern Time to review its financial results for the fourth quarter and year ended December 31, 2020. The company will issue its fourth quarter 2020 earnings release on Thursday, February 25, 2021, after the stock market close. On the day of the conference call, participants should call (800) 708-4540 (internat

ATSG to Host Fourth Quarter 2020 Investor Conference Call

WILMINGTON, Ohio--(BUSINESS WIRE)--Air Transport Services Group, Inc. (Nasdaq:ATSG) today announced that it will make a webcast presentation at the Stifel Virtual Transportation & Logistics Conference on Wednesday, February 10, 2021, at 2 p.m. Eastern time. ATSG's Rich Corrado, president and chief executive officer, and Quint Turner, chief financial officer, will discuss the company's business model and its strategy as the leading source of leased freighter aircraft, including Boeing 767s i

ATSG to Webcast Investor Presentation at the Stifel 2021 Transportation & Logistics Conference

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Air Transport Services (ATSG) Stock Undervalued Right Now?

WILMINGTON, Ohio--(BUSINESS WIRE)--ATSG has agreed to purchase two Boeing 767-300ER aircraft from Air Canada, convert them to freighter configuration, and lease them back to Air Canada.

ATSG and Air Canada Agree to Sale, Conversion and Leaseback of Two Boeing 767 Aircraft

Air Transport Services (ATSG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Air Transport Services (ATSG) Moves to Buy: Rationale Behind the Upgrade

Need for door-to-door delivery of essentials during this unprecedented crisis is aiding Air Transport Services (ATSG). However, rising capex is a concern.

Air Transport Services (ATSG) Gains on E-Commerce, Costs Ail

ATSG saw growing demand for freighter leasing in 2020 from Amazon, other existing customers, and new customers. During the nine months of 2020, the company saw almost 10% revenue growth YoY despite reduced commercial passenger aircraft and external aircraft maintenance.

Air Transport Services Group: Soaring To New Heights

Air Transport Services (ATSG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

News for Air Transport Services Group Stock (ATSG)