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

High fuel costs and a reduction in the use of cargo aircraft hurt Air Transport Services (ATSG).

Here's Why You Should Sell Air Transport Services (ATSG) Now

Rising operating costs and anticipated reduction in cargo aircraft for 2023 hurt Air Transport (ATSG).

Air Transport (ATSG) Falls 45% in the Past Year: Here's How

Air Transport Services' (ATSG) first-quarter 2023 earnings decrease year over year while revenues increase.

Air Transport Services (ATSG) Lags on Q1 Earnings & Revenues

Air Transport Services Group, Inc. (NASDAQ:ATSG ) Q1 2023 Earnings Conference Call May 5, 2023 10:00 AM ET Company Participants Joe Payne - Chief Legal Officer Rich Corrado - President and CEO Quint Turner - CFO Mike Berger - CSO Conference Call Participants Jack Atkins - Stephens Helane Becker - TD Cowen Frank Galanti - Stifel Chris Stathoulopoulos - Susquehanna Financial Michael Ciarmoli - Truist Operator Thank you for standing by, and welcome to the Air Transport Services Group First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Air Transport Services Group, Inc. (ATSG) Q1 2023 Earnings Call Transcript

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

Air Transport Services (ATSG) Reports Q1 Earnings: What Key Metrics Have to Say

Air Transport Services (ATSG) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.56 per share a year ago.

Air Transport Services (ATSG) Q1 Earnings and Revenues Lag 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 ended March 31, 2023. Those results, as compared with the same quarter in 2022 were as follows: First Quarter 2023 Results Revenues $501 million, up 3% GAAP EPS (basic) from Continuing Operations $0.28, down $0.39 GAAP Pretax Earnings from.

ATSG Reports First Quarter 2023 Results

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) Q1 Earnings Expected to Decline

FedEx

Shareholder-friendly moves and cost-cutting initiatives bode well for the Zacks Transportation-Air Freight and Cargo industry. FDX and ATSG are well-poised to capitalize on the bullishness.

2 Stocks to Watch From the Promising Air-Freight & Cargo Industry

WILMINGTON, Ohio--(BUSINESS WIRE)--ATSG will host an investor conference call on May 5, 2023, at 10 a.m. EDT to review financial results for the first quarter ended March 31, 2023.

ATSG to Host First Quarter 2023 Investor Conference Call

Newtek Business Services

Charles Schwab

Valley National

Beyond Air Inc

According to the Insider Cluster Buys Screen, a Premium feature of GuruFocus, five stocks that have high number of unique insider buys over the past three months are Air Transport Services Group Inc. ( ATSG , Financial), Beyond Air Inc. ( XAIR , Financial), Charles Schwab Corp. ( SCHW , Financial), Valley National Bancorp ( VLY , Financial) and NewtekOne Inc. ( NEWT , Financial).

5 Stocks Insiders Have Built Positions in Over the Past 3 Months

High fuel costs & inflation-related woes hurt Air Transport Services' (ATSG) prospects.

Why Investors Should Avoid Air Transport Services (ATSG) Now

Akamai Technologies

Myers

Growth and value are two of the most common characteristics investors look for in stocks. However, not all stocks that are undervalued are achieving enough growth for their share prices to appreciate, and not all stocks that are growing are doing so in a way that creates long-term value for shareholders.

3 Overlooked Value Creators Insiders Are Buying

Advance Auto Parts

Arco Platform Ltd

AAP, ATSG and ARCE have been added to the Zacks Rank #5 (Strong Sell) List on March 3, 2023.

New Strong Sell Stocks for March 3rd

Air Transport Services' (ATSG) fourth-quarter 2022 adjusted earnings per share of 53 cents are up 1.9% year over year.

Air Transport Services (ATSG) Skids 18.8% Post Q4 Earnings Miss

Air Transport Services Group reported fourth-quarter 2022 results and provided its 2023 outlook, both of which were panned by the market. Cost pressures and reduction in ACMI revenues will serve as a headwind to earnings for the time being, at a minimum.

Air Transport Services Group: Near-Term Challenges Dominate, But Long-Term Potential Remains

Air Transport Services Group, Inc. (NASDAQ:ATSG ) Q4 2022 Results Conference Call February 24, 2023 10:00 AM ET Company Participants Joe Payne - Chief Legal Officer Rich Corrado - President & CEO Quint Turner - CFO Mike Berger - Chief Commercial Officer Conference Call Participants Grant Smith - Stephens Inc Helen Becker - Cowen Michael Ciarmoli - Truist Frank Galanti - Stifel Howard Rosencrans - Value Advisory Operator Good day, and thank you for standing by. Welcome to the Air Transport Services Group Fourth Quarter 2022 Earnings Conference Call.

Air Transport Services Group, Inc. (ATSG) Q4 2022 Earnings Call Transcript

Air Transport Services (ATSG) delivered earnings and revenue surprises of -7.02% and 2.49%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Air Transport Services (ATSG) Q4 Earnings Miss 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, 2022. Fourth Quarter Results Revenues $533 million, up 11% GAAP EPS (basic) from Continuing Operations $0.58, down $0.02 on GAAP Pretax Earnings from Continuing Operations $61.

ATSG Reports Record 2022 Revenues

Courtesy of increasing operating costs, Air Transport Services (ATSG) is unlikely to outperform estimates with Q4 Earnings.

What's in the Cards for Air Transport Services' (ATSG) Q4 Earnings?

WILMINGTON, Ohio--(BUSINESS WIRE)--Air Transport Services Group, Inc. (NASDAQ:ATSG) today announced that it will host an investor conference call on Friday, February 24, 2023, at 10 a.m. Eastern time to review its financial results for the fourth quarter ended December 31, 2022 and provide its outlook for 2023. The company will issue its fourth quarter 2022 earnings release on Thursday, February 23, 2023, after the stock market closes.

ATSG to Host Fourth Quarter 2022 Investor Conference Call

WILMINGTON, Ohio--( BUSINESS WIRE )--Air Transport Services Group, Inc. (Nasdaq: ATSG) today provided outlook guidance for changes in its operating fleet of cargo aircraft. The guidance is in anticipation of meetings that ATSG executives will hold with investors on February 7, 2023, at the Stifel Transportation and Logistics Conference in Amelia Island, Florida.

ATSG Provides Outlook for Fleet Transitions in 2023 and Beyond

Shareholder-friendly moves and rosy e-commerce demand bode well for the Zacks Transportation-Air Freight and Cargo industry. UPS, FDX and ATSG are well-poised to capitalize on the bullishness.

3 Stocks to Watch From a Bouyant Air-Freight & Cargo Industry

Ryder System

United Continental Hlds

Given buoyant air-travel demand post-COVID-19 travel restrictions and the reopening of the global economy, here we present three transportation stocks - UAL, R and ATSG - which are likely to perform better in 2023.

3 Transportation Stocks That May Overtake the Market in 2023

Air Transport (ATSG) is benefiting from the surge in e-commerce demand and strength across both segments.

News for Air Transport Services Group Stock (ATSG)