Air Transport Services Group (ATSG) is scheduled to report second-quarter 2024 results on Aug 8 after market close.ATSG has a mixed earnings surprise history, having surpassed the Zacks Consensus Estimate in two of the trailing four quarters and missing twice. The average beat is 1.13%.The Zacks Consensus Estimate for the company’s soon-to-be-reported quarter’s earnings has been revised downward by 5.88% in the past 60 days to 16 cents per share.Air Transport Services Group is being challenged by the weak d ...

Wall Street analysts expect Air Transport Services (ATSG) to post quarterly earnings of $0.16 per share in its upcoming report, which indicates a year-over-year decline of 71.9%. Revenues are expected to be $512.33 million, down 3.2% from the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Ahead of a compan ...

Air Transport Services (ATSG) is benefiting from fleet modernization and expansion initiatives. The expansion of ATSG's role in in the Amazon Air network is a major tailwind. However, weak airfreight demand is a major headwind.Factors Favoring ATSGAir Transport Services’commitment to rewarding shareholders through buybacks is praiseworthy. In November 2022, ATSG's board approved a new $150 million share repurchase authorization, replenishing its exhausted buyback capacity. By the end of 2023, ATSG repurchas ...

Air Transport Services Group (ATSG) recently announced that Mike Berger has been promoted to the top position chief executive officer or CEO. Prior to the elevation, Berger served as the company's president since October 2023. He has been a member of ATSG's management team since 2018. The elevation of Berger to the top position means that he will be the third CEO at this diversified provider of cargo aircraft and transportation services, in a short time span. We remind investors that Rich Corrado was replac ...

It has been about a month since the last earnings report for Air Transport Services (ATSG) . Shares have lost about 11.1% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Air Transport Services due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Q1 Earnings Beat at A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________ Form 8-K _____________________ Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 22, 2024 _____________________ Air Transport Services Group, Inc. (Exact name of registrant as specified in its charter) _____________________ DE 000-50368 26-1631624 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Emp ...

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 March 31, 2024 ☐ 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. (Exact name of registrant as specified in its charter) Delaware 26-1631624 (State or othe ...

Air Transport Services Group, Inc. (NASDAQ:ATSG) Q1 2024 Earnings Conference Call May 7, 2024 10:00 AM ET Company Participants Joe Payne - Chief Legal Officer Joe Hete - Chairman and Chief Executive Officer Quint Turner - Chief Financial Officer Conference Call Participants Helane Becker - TD Cowen Frank Galanti - Stifel Christopher Stathoulopoulos - SIG Michael Ciarmoli - Truist Securities Isaac Sellhausen - Oppenheimer Operator Good day and thank you for standing by. Welcome to the Q1 2024 Air Transport S ...

Air Transport Services Group’s (ATSG) first-quarter 2024 earnings (excluding 3 cents from non-recurring items) of 16 cents per share surpassed the Zacks Consensus Estimate of 13 cents but plunged 55.6% year over year.  Customer revenues (derived after eliminating internal revenues from total revenues) of $485.5 million edged past the Zacks Consensus Estimate of $484.2 million but fell 3.1% year over year.ATSG primarily operates through the following reporting segments, namely Cargo Aircraft Management or CA ...

For the quarter ended March 2024, Air Transport Services (ATSG) reported revenue of $485.52 million, down 3.1% over the same period last year. EPS came in at $0.16, compared to $0.36 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $484.23 million, representing a surprise of +0.27%. The company delivered an EPS surprise of +23.08%, with the consensus EPS estimate being $0.13.While investors closely watch year-over-year changes in headline numbers -- revenue and earnin ...