UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________ FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 000-50368 ___________________________________________________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________ FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 000-50368 ________________________________________________________ ...

Air Transport Services Group, Inc. (NASDAQ:ATSG) Q2 2019 Earnings Conference Call August 6, 2019 10:00 AM ET Company Participants Joe Hete - President, CEO & Director Quint Turner - CFO Rich Corrado - COO Conference Call Participants Jack Atkins - Stephens Inc. David Ross - Stifel, Nicolaus & Company Conor Cunningham - Cowen and Company Christopher Stathoulopoulos - Susquehanna Financial Group Kevin Sterling - Seaport Global Securities Howard Rosencrans - Value Advisory Operator Good morning, and welcome to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________ FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 000-50368 _____________________________________________________ ...

Air Transport Services Group, Inc. (NASDAQ:ATSG) Q1 2019 Earnings Conference Call May 8, 2019 10:00 AM ET Company Participants Joe Hete - President & Chief Executive Officer Quint Turner - Chief Financial Officer Rich Corrado - Chief Operating Officer Conference Call Participants Andrew Hall - Stephens Steve O'Hara - Sidoti & Company Chris Stathoulopoulos - Susquehanna Tyler Seidman - Cowen Operator Welcome to the Q1 2019 Air Transport Services Group, Inc. Earnings Conference Call. My name is John and I'll ...

Part I [Business](index=4&type=section&id=Item%201.%20Business) Air Transport Services Group provides aircraft leasing and air cargo services, with 2018 marked by the Omni Air acquisition and expanded Amazon agreements [Company Overview](index=4&type=section&id=Item%201.%20Business-Company%20Overview) ATSG offers a comprehensive suite of services including aircraft leasing, airline operations, and various support functions to the air logistics industry - The company's core services are aircraft leasing (CAM), airline operations (ABX, ATI, OAI), and support services (ground services, aircraft maintenance, flight support)[4](index=4&type=chunk) - CAM's business model focuses on acquiring passenger aircraft (typically 15-20 years old), converting them to freighters, and leasing them under multi-year agreements, which is more economical than leasing newly built freighters[4](index=4&type=chunk) [Business Development](index=4&type=section&id=Item%201.%20Business-Business%20Development) Key 2018 developments include the acquisition of passenger airline Omni Air, a significant expansion of agreements with Amazon, and the purchase of twenty Boeing 767-300ER aircraft for future conversion - **Acquired Omni Air International (OAI)** on November 9, 2018, a leading provider of passenger airlift for the U.S. Department of Defense (DoD), expanding customer offerings and adding Boeing 777 operating authority[5](index=5&type=chunk) - Amended agreements with Amazon in December 2018 to **lease and operate 10 additional Boeing 767-300s**, extend terms on 20 existing aircraft leases, and extend the Air Transportation Services Agreement (ATSA) through March 2026[5](index=5&type=chunk) - In conjunction with the expanded Amazon agreement, Amazon will be issued warrants that could increase its potential ownership from 19.9% to approximately 33.2%, with the potential to reach **39.9%** by leasing up to 17 more aircraft before January 2026[5](index=5&type=chunk)[7](index=7&type=chunk) - Entered an agreement in December 2018 to acquire **twenty Boeing 767-300 extended-range passenger aircraft** from American Airlines over the next three years for freighter conversion[7](index=7&type=chunk) [Revenue Information](index=6&type=section&id=Item%201.%20Business-Revenue%20Information) In 2018, revenues were primarily driven by the ACMI Services segment, with Amazon, DHL, and the U.S. DoD representing the company's largest customers 2018 External Revenues by Segment (in thousands) | Segment | CAM | ACMI Services | MRO Services | Other Support Services | | :--- | :--- | :--- | :--- | :--- | | External revenues | $156,516 | $548,804 | $117,832 | $69,193 | 2018 Revenue by Major Customer | Customer | Percent of Consolidated Revenues | | :--- | :--- | | DHL | 26% | | Amazon | 27% | | DoD | 15% | | Other | 32% | [Description of Business](index=7&type=section&id=Item%201.%20Business-Description%20of%20Business) The company's business is structured around aircraft leasing (CAM), airline operations (ACMI Services), and a vertically integrated support services division - CAM's fleet consisted of **91 serviceable Boeing 777, 767, 757, and 737 aircraft** as of December 31, 2018[11](index=11&type=chunk) - ACMI Services offers customized airlift operations through three models: **ACMI** (company provides aircraft, crew, maintenance, insurance), **CMI** (customer provides aircraft), and **Charter** (full service, all-inclusive price)[12](index=12&type=chunk) - The company has **limited exposure to aviation fuel price fluctuations**, as customers like DHL and Amazon procure their own fuel, and military charter agreements include fuel price true-ups[17](index=17&type=chunk) - The company provides aircraft maintenance and modification services through its AMES and Pemco subsidiaries, holding numerous **Supplemental Type Certificates (STCs)** for aircraft alterations[18](index=18&type=chunk)[19](index=19&type=chunk)[21](index=21&type=chunk) [Competitive Conditions and Employees](index=9&type=section&id=Item%201.%20Business-Competitive%20Conditions%20and%20Employees) ATSG faces competition across all segments based on cost and reliability, and a significant portion of its flight crews are represented by unions - The company competes with other cargo airlines like **Atlas Air and Kalitta Air**, and in the leasing market with firms like **GE Capital Aviation Services**[24](index=24&type=chunk) - Total full-time and part-time employees increased to approximately **3,830** at year-end 2018, up from 3,010 at year-end 2017[30](index=30&type=chunk)[31](index=31&type=chunk) Union Representation of Flight Crewmembers (as of Dec 31, 2018) | Airline | Labor Union | Contract Amendable Date | % of Company Employees | | :--- | :--- | :--- | :--- | | ABX | International Brotherhood of Teamsters | 12/31/2014 | 6.5% | | ATI | Air Line Pilots Association | 11/14/2023 | 6.7% | | Omni | International Brotherhood of Teamsters | 4/1/2021 | 6.9% | | ATI | Association of Flight Attendants | 11/14/2023 | 1.0% | | Omni | Association of Flight Attendants | 12/1/2021 | 8.2% | [Regulation](index=12&type=section&id=Item%201.%20Business-Regulation) The company's airline operations are heavily regulated by domestic and international bodies governing safety, economic authority, security, and environmental standards - The company is subject to environmental regulations, including the **European Union Emissions Trading Scheme (ETS)** for intra-EU flights and the upcoming **Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA)**, which will increase operating costs[40](index=40&type=chunk) - The DOT requires the company's airlines to be U.S. citizens, meaning no more than **25% of voting interest is foreign-owned or controlled**[45](index=45&type=chunk) - The FAA mandates compliance with airworthiness directives and aging aircraft programs, which may require costly inspections and modifications; the oldest aircraft are estimated to reach their flight cycle limits in **at least 20 years**[46](index=46&type=chunk)[48](index=48&type=chunk) - The company is subject to increasing data protection regulations, such as the EU's **General Data Protection Regulation (GDPR)**, which imposes significant requirements for handling personal data[50](index=50&type=chunk) [Risk Factors](index=15&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks from its dependence on key customers, economic downturns, union negotiations, and the dilutive effect of Amazon's warrants - The business is **highly dependent on a few key customers (DHL, Amazon, DoD)**, and the loss or non-renewal of their contracts could have a material adverse effect[56](index=56&type=chunk) - The collective bargaining agreement with **ABX's flight crewmembers (IBT) is currently amendable and under renegotiation**, which could lead to higher operating costs or service disruptions[59](index=59&type=chunk) - Airline operating agreements contain **on-time reliability thresholds**; failure to meet them can result in monetary penalties and, in cases of prolonged failure, contract default and termination[62](index=62&type=chunk) - The **stock warrants issuable to Amazon will dilute the ownership** of existing stockholders and cause fluctuations in reported earnings due to fair value re-measurements[66](index=66&type=chunk) - The Senior Credit Agreement contains covenants, including a requirement to maintain **aircraft collateral coverage of 110%** of the outstanding term loan and revolving credit facility[73](index=73&type=chunk)[74](index=74&type=chunk) - Evolving environmental regulations, such as the **EU ETS and ICAO's CORSIA**, are expected to increase operating costs related to greenhouse gas emissions[79](index=79&type=chunk) [Unresolved Staff Comments](index=24&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports that there are no unresolved staff comments - None[82](index=82&type=chunk) [Properties](index=24&type=section&id=Item%202.%20Properties) The company's primary facilities are leased, and its in-service fleet consisted of 90 aircraft as of year-end 2018, the majority of which are owned - Key leased properties include maintenance hangars and offices in Wilmington, Ohio, and a two-hangar maintenance complex in Tampa, Florida[82](index=82&type=chunk) In-service Aircraft Fleet as of December 31, 2018 | Aircraft Type | Total | Owned | Operating Lease | | :--- | :--- | :--- | :--- | | 767-200 SF | 34 | 34 | 0 | | 767-200 Passenger | 3 | 2 | 1 | | 767-300 SF | 33 | 33 | 0 | | 767-300 Passenger | 7 | 6 | 1 | | 777-200 Passenger | 3 | 3 | 0 | | 757-200 PCF | 4 | 4 | 0 | | 757-200 Combi | 4 | 4 | 0 | | 737-400 SF | 2 | 2 | 0 | | **Total in-service** | **90** | **88** | **2** | - As of year-end 2018, CAM owned **five Boeing 767-300 aircraft undergoing or awaiting freighter modification** and one Boeing 767-200 being prepped for future leasing[86](index=86&type=chunk) [Legal Proceedings](index=25&type=section&id=Item%203.%20Legal%20Proceedings) The company is involved in various legal proceedings but does not expect the outcomes to materially impact its financial condition or results - The company is party to various legal proceedings but does not expect the outcomes to be material to its financial condition or results[87](index=87&type=chunk) [Mine Safety Disclosures](index=25&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[88](index=88&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=25&type=section&id=Item%205.%20Market%20for%20Registrant's%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's stock trades on NASDAQ, with a repurchase program in place and no dividends paid, while its five-year performance has outpaced key indices - The company's common stock is traded on the NASDAQ under the symbol **ATSG**[88](index=88&type=chunk) - The Board of Directors authorized a stock repurchase program of up to $150 million, with **$61.3 million remaining available** for repurchases as of December 31, 2018[89](index=89&type=chunk) Comparison of 5-Year Cumulative Total Return | | 12/31/2013 | 12/31/2014 | 12/31/2015 | 12/31/2016 | 12/31/2017 | 12/31/2018 | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Air Transport Services Group, Inc. | $100.00 | $105.81 | $124.60 | $197.28 | $286.03 | $281.95 | | NASDAQ Composite Index | $100.00 | $114.62 | $122.81 | $133.19 | $172.11 | $165.84 | | NASDAQ Transportation Index | $100.00 | $144.06 | $124.46 | $149.57 | $185.07 | $169.26 | [Selected Consolidated Financial Data](index=27&type=section&id=Item%206.%20Selected%20Consolidated%20Financial%20Data) This section provides a five-year summary of key financial data, reflecting the impact of the Omni acquisition and the re-measurement of Amazon warrants Selected Consolidated Financial Data (Years Ended December 31, In thousands, except per share data) | | 2018 | 2017 | 2016 | | :--- | :--- | :--- | :--- | | **Revenues from continuing operations** | $892,345 | $1,068,200 | $768,870 | | **Earnings (loss) from continuing operations** | $67,883 | $21,740 | $21,060 | | **Consolidated net earnings (loss)** | $69,285 | $18,495 | $23,488 | | **Diluted EPS from continuing operations** | $0.89 | $0.36 | $0.33 | | **Total assets** | $2,470,585 | $1,548,844 | $1,259,330 | | **Long term debt and current maturities** | $1,401,252 | $515,758 | $458,721 | | **Stockholders' equity** | $436,438 | $395,279 | $311,902 | - 2018 revenues reflect the adoption of the new revenue standard (Topic 606), which nets certain reimbursed expenses, making direct comparison to prior years' gross revenues misleading[95](index=95&type=chunk) - Financial results were significantly impacted by non-operating items, including a **$7.3 million gain in 2018** and a **$79.8 million loss in 2017** from the re-measurement of Amazon warrants, and a **$59.9 million tax benefit in 2017** from the Tax Cuts and Jobs Act[95](index=95&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=28&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Adjusted pre-tax earnings grew 8.5% in 2018, driven by new leases and the Omni acquisition, while reported revenue decreased due to an accounting change [Overview](index=28&type=section&id=Item%207.%20MD&A-Overview) The company operates through three segments, with major customers DHL, Amazon, and the DoD driving revenues, and the Amazon warrant re-measurement significantly impacting earnings - The company's three reportable segments are **CAM (leasing), ACMI Services (airlines), and MRO Services (maintenance)**[98](index=98&type=chunk) - In 2018, **DHL, Amazon, and the DoD accounted for 26%, 27%, and 15%** of consolidated revenues (excluding reimbursed revenues), respectively[98](index=98&type=chunk)[100](index=100&type=chunk) - The fair value of outstanding Amazon warrants is re-measured each reporting period, resulting in a non-operating **gain of $7.4 million in 2018** compared to an **$81.8 million loss in 2017**[100](index=100&type=chunk) [Results of Operations](index=29&type=section&id=Item%207.%20MD&A-Results%20of%20Operations) Adjusted pre-tax earnings increased in 2018 due to fleet expansion and the Omni acquisition, with strong performance in the CAM and ACMI segments - The CAM-owned operating aircraft fleet **increased by 29 aircraft** since the end of 2016, driven by demand for converted 767-300 freighters and the acquisition of 11 passenger aircraft with Omni[101](index=101&type=chunk) Adjusted Pre-Tax Earnings from Continuing Operations (Non-GAAP, in thousands) | | 2018 | 2017 | 2016 | | :--- | :--- | :--- | :--- | | Pre-Tax Earnings (Loss) from Continuing Operations | $87,478 | $(6,536) | $34,454 | | Adjustments (warrant re-measurement, amortization, etc.) | $17,160 | $102,015 | $30,657 | | **Adjusted Pre-Tax Earnings from Continuing Operations** | **$104,638** | **$96,479** | **$65,111** | Pre-Tax Earnings by Segment (in thousands) | Segment | 2018 | 2017 | | :--- | :--- | :--- | | CAM | $65,576 | $61,510 | | ACMI Services | $17,717 | $8,557 | | MRO Services | $14,499 | $19,741 | | Other Activities | $9,107 | $5,590 | - The adoption of revenue standard **Topic 606** in 2018 resulted in netting certain reimbursed revenues against expenses; in 2017, these reimbursed revenues totaled **$289.4 million**[110](index=110&type=chunk) [Financial Condition, Liquidity and Capital Resources](index=41&type=section&id=Item%207.%20MD&A-Financial%20Condition%2C%20Liquidity%20and%20Capital%20Resources) Liquidity remains strong with increased operating cash flow, while the Omni acquisition was financed through new debt, and significant capital expenditures are planned for 2019 Cash Flow Summary (in millions) | Cash Flow Activity | 2018 | 2017 | 2016 | | :--- | :--- | :--- | :--- | | Net Cash from Operating Activities | $298.0 | $235.0 | $193.1 | | Net Cash (Used in) Investing Activities | $(1,141.9) | $(298.4) | $(269.5) | | Net Cash from Financing Activities | $870.5 | $79.7 | $75.1 | - Capital expenditures were **$292.9 million in 2018**, mainly for acquiring eight Boeing 767-300 aircraft and related freighter modification costs[141](index=141&type=chunk) - Financing activities in 2018 were dominated by debt taken on for the Omni acquisition, including a new **$675.0 million term loan** and **$180.0 million drawn from the revolving credit facility**[141](index=141&type=chunk) - The company estimates capital expenditures for 2019 will total **$400 million**, primarily for aircraft purchases and freighter modifications[145](index=145&type=chunk) - As of Dec 31, 2018, the company had **$59.3 million in cash** and **$57.9 million available** under its revolving credit facility[148](index=148&type=chunk) [Critical Accounting Policies and Estimates](index=43&type=section&id=Item%207.%20MD&A-Critical%20Accounting%20Policies%20and%20Estimates) Critical accounting policies involve significant judgment, particularly in goodwill impairment testing, valuation of long-lived assets, and the fair value measurement of stock warrants - **Goodwill impairment testing** requires significant judgment, using market and income approaches (discounted cash flows) to estimate the fair value of reporting units like CAM, OAI, and Pemco[154](index=154&type=chunk) - Accounting for post-retirement obligations is highly sensitive to assumptions; a hypothetical **100 basis point decrease in the rate of return on pension assets** would have increased 2018 pension expense by approximately **$6.1 million**[164](index=164&type=chunk)[165](index=165&type=chunk) - Stock warrants issued to a lessee are accounted for as a lease incentive asset and amortized against revenue, while unexercised warrants are classified as a liability and **re-measured to fair value each period**, causing non-operating gains or losses[162](index=162&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=47&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk exposure is to interest rate changes affecting its $1.2 billion in variable-rate debt, with limited exposure to fuel prices - The company has significant exposure to interest rate risk with **$1.2 billion of variable interest rate debt** outstanding as of December 31, 2018[169](index=169&type=chunk) - A hypothetical **20% increase or decrease in interest rates** would have changed interest expense by approximately **$5.1 million** for the year ended December 31, 2018[169](index=169&type=chunk) - The fair value of the **14.83 million stock warrants** issued to a customer is re-measured quarterly and is dependent on the company's stock price, volatility, and interest rates[169](index=169&type=chunk) - Risk from jet fuel price changes is **largely mitigated** by customer agreements that pass through fuel costs[169](index=169&type=chunk) [Financial Statements and Supplementary Data](index=48&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents the audited consolidated financial statements for 2018, which received an unqualified opinion from the independent auditor [Report of Independent Registered Public Accounting Firm](index=49&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data-Report%20of%20Independent%20Registered%20Public%20Accounting%20Firm) Deloitte & Touche LLP issued an unqualified opinion on the financial statements, highlighting the change in revenue recognition and dependence on key customers - The auditor, Deloitte & Touche LLP, issued an **unqualified opinion** on the financial statements[173](index=173&type=chunk) - The report emphasizes the company's **dependence on its three principal customers** (DHL, Amazon, DoD) and notes the change in accounting for revenue due to the adoption of a new standard[175](index=175&type=chunk)[176](index=176&type=chunk) [Consolidated Financial Statements](index=50&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data-Consolidated%20Financial%20Statements) The financial statements show total assets of $2.47 billion and net earnings of $69.3 million for 2018, reflecting the impact of the Omni acquisition Consolidated Balance Sheet Highlights (in thousands) | | Dec 31, 2018 | Dec 31, 2017 | | :--- | :--- | :--- | | Total Current Assets | $259,221 | $184,503 | | Property and equipment, net | $1,555,005 | $1,159,962 | | Goodwill and acquired intangibles | $535,359 | $44,577 | | **Total Assets** | **$2,470,585** | **$1,548,844** | | Total Current Liabilities | $229,134 | $184,672 | | Long term debt | $1,371,598 | $497,246 | | Stock warrant obligations | $203,782 | $211,136 | | **Total Liabilities** | **$2,034,147** | **$1,153,565** | | **Total Stockholders' Equity** | **$436,438** | **$395,279** | Consolidated Statement of Operations Highlights (in thousands) | | 2018 | 2017 | 2016 | | :--- | :--- | :--- | :--- | | Revenues | $892,345 | $1,068,200 | $768,870 | | Operating Income | $111,018 | $99,400 | $70,563 | | Earnings from Continuing Operations | $67,883 | $21,740 | $21,060 | | **Net Earnings** | **$69,285** | **$18,495** | **$23,488** | [Notes to Consolidated Financial Statements](index=56&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data-Notes%20to%20Consolidated%20Financial%20Statements) The notes detail the adoption of Topic 606, the $867.7 million Omni acquisition, significant customer relationships, and the substantial increase in debt - Effective Jan 1, 2018, the company adopted revenue standard **Topic 606**, which requires netting of certain reimbursed costs (e.g., fuel) against revenue and recognizing MRO revenue over time[216](index=216&type=chunk) - The acquisition of Omni on Nov 9, 2018, for **$867.7 million in cash** resulted in the recording of **$353.5 million in goodwill** and **$140.0 million in intangible assets**[220](index=220&type=chunk)[222](index=222&type=chunk) - In December 2018, new agreements with Amazon provided for the issuance of warrants for **14.8 million shares** at an exercise price of $21.53, which will vest as new leases are executed and existing leases are extended[236](index=236&type=chunk) - Total debt obligations increased from $515.8 million in 2017 to **$1.4 billion in 2018**, primarily due to a new **$675.0 million term loan** and revolver draws to finance the Omni acquisition[244](index=244&type=chunk)[246](index=246&type=chunk) - The company's defined benefit pension plans were **underfunded by $65.1 million** as of December 31, 2018, an increase from the $59.2 million underfunded status at year-end 2017[264](index=264&type=chunk)[265](index=265&type=chunk) [Changes in and Disagreements With Accountants on Accounting and Financial Disclosure](index=90&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20With%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants on accounting and financial disclosure matters - None[314](index=314&type=chunk) [Controls and Procedures](index=90&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, though the assessment of internal controls excluded the recently acquired Omni - The CEO and CFO concluded that the company's disclosure controls and procedures were **effective** as of December 31, 2018[314](index=314&type=chunk) - Management's assessment of internal control over financial reporting **excluded the internal controls of Omni**, which was acquired on November 9, 2018[316](index=316&type=chunk) - The independent registered public accounting firm issued an **unqualified opinion** on the effectiveness of the company's internal control over financial reporting as of December 31, 2018[318](index=318&type=chunk) [Other Information](index=93&type=section&id=Item%209B.%20Other%20Information) The company reports no other information for this item - None[327](index=327&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=93&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) This section identifies the company's executive officers and incorporates other governance details by reference from the 2019 Proxy Statement - Information regarding directors, Section 16(a) compliance, and corporate governance is **incorporated by reference** from the definitive Proxy Statement for the 2019 Annual Meeting of Stockholders[328](index=328&type=chunk) Executive Officers | Name | Age | Title | | :--- | :--- | :--- | | Joseph C. Hete | 64 | President and Chief Executive Officer | | Quint O. Turner | 56 | Chief Financial Officer | | Richard F. Corrado | 59 | Chief Operating Officer | | W. Joseph Payne | 55 | Chief Legal Officer & Secretary | | Michael L. Berger | 57 | Chief Commercial Officer | [Executive Compensation](index=94&type=section&id=Item%2011.%20Executive%20Compensation) Information regarding executive and director compensation is incorporated by reference from the company's 2019 Proxy Statement - The response to this item is **incorporated by reference** from the definitive Proxy Statement for the 2019 Annual Meeting of Stockholders under the captions "Executive Compensation" and "Director Compensation"[330](index=330&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=94&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Information regarding security ownership and equity compensation plans is incorporated by reference from the company's 2019 Proxy Statement - The response to this item is **incorporated by reference** from the definitive Proxy Statement for the 2019 Annual Meeting of Stockholders[330](index=330&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=94&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Information regarding related person transactions and director independence is incorporated by reference from the company's 2019 Proxy Statement - The response to this item is **incorporated by reference** from the definitive Proxy Statement for the 2019 Annual Meeting of Stockholders[331](index=331&type=chunk) [Principal Accounting Fees and Services](index=94&type=section&id=Item%2014.%20Principal%20Accounting%20Fees%20and%20Services) Information regarding fees paid to the independent accounting firm is incorporated by reference from the company's 2019 Proxy Statement - The response to this item is **incorporated by reference** from the definitive Proxy Statement for the 2019 Annual Meeting of Stockholders[331](index=331&type=chunk) Part IV [Exhibits and Financial Statement Schedules](index=94&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists all financial statements, schedules, and exhibits filed with the report, including key agreements with Amazon and lenders - This section lists all financial statements, schedules, and exhibits filed with the report[332](index=332&type=chunk) - Key exhibits filed include the **Second Amended and Restated Credit Agreement (10.62)**, the new **Investment Agreement with Amazon (10.65)**, and the related **Warrant to Purchase Common Stock (10.66)**[342](index=342&type=chunk)[345](index=345&type=chunk)[346](index=346&type=chunk)

Air Transport Services Group, Inc (NASDAQ:ATSG) Q4 2018 Results Earnings Conference Call February 28, 2019 10:00 AM ET Company Participants Joe Hete - President and CEO Quint Turner - CFO Rich Corrado - COO Conference Call Participants Kevin Sterling - Seaport Global Jack Atkins - Stephens Tyler Seidman - Cowen David Ross - Stifel Adam Ritzer - Pressprich Chris Stathoulopoulos - SIG Steve O'Hara - Sidoti Operator Welcome to the Q4, 2018, Air Transport Services Group Incorporated Earnings Conference Call. My ...