Exhibit 99.1 1 ATSG Reports Second Quarter 2024 Results Raises 2024 Adjusted EBITDA Outlook Generates Strong Free Cash Flow Leases Four Boeing 767 Freighters to Customers since June 30 WILMINGTON, OH, August [ ], 2024 - Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium widebody freighter aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the second quarter ended June 30, 2024. Those results, as compared wit ...

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 ...

Core Viewpoint - Air Transport Services (ATSG) has experienced a decline in share price by approximately 11.1% since its last earnings report, underperforming the S&P 500, raising questions about future performance leading up to the next earnings release [1] Financial Performance - ATSG reported quarterly earnings of 16 cents per share, exceeding the Zacks Consensus Estimate of 13 cents, but representing a significant year-over-year decline of 55.6% [2] - Customer revenues reached $485.5 million, slightly above the Zacks Consensus Estimate of $484.2 million, but down 3.1% year-over-year [2] - Revenues from ACMI Services decreased by 3.1% year-over-year to $323.8 million, while revenues from CAM and other operations fell by 5.8% to $105.5 million and 1.9% to $109 million, respectively [2] - Adjusted EBITDA declined by 7.7% year-over-year to $127.3 million, and operating cash flow dropped from $216.4 million to $126.4 million [2] - Adjusted free cash flow was reported at $96 million, down from $162.1 million in the previous year [2] Future Outlook - ATSG has revised its adjusted EBITDA outlook to nearly $516 million, up from the previous estimate of $506 million, due to expected increased flying opportunities from 10 Amazon-provided 767-300s [3] - The company anticipates adjusted earnings per share in the range of 55-80 cents for 2024, with capital spending projected at $410 million [3] Estimate Trends - There has been a downward trend in estimates, with the consensus estimate shifting down by 14.87% over the past month [4] Investment Scores - ATSG holds a strong Growth Score of A, a Momentum Score of B, and an overall VGM Score of A, placing it in the top 20% for value investment strategy [5] General Outlook - The overall trend in estimates for ATSG has been downward, indicating a potential in-line return from the stock in the coming months, with a Zacks Rank of 3 (Hold) [6]

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 ...

Core Insights - Air Transport Services Group (ATSG) reported first-quarter 2024 earnings of 16 cents per share, exceeding the Zacks Consensus Estimate of 13 cents but down 55.6% year over year [1] - Customer revenues reached $485.5 million, slightly above the Zacks Consensus Estimate of $484.2 million, but fell 3.1% year over year [1] - ATSG's adjusted EBITDA outlook for 2024 has improved to nearly $516 million, up from the previous estimate of $506 million, driven by anticipated flying opportunities from 10 Amazon-provided 767-300s [3] Financial Performance - ATSG's revenues from ACMI Services decreased 3.1% year over year to $323.8 million, while revenues from CAM and other operations declined 5.8% and 1.9% to $105.5 million and $109 million, respectively [1] - Adjusted EBITDA fell 7.7% year over year to $127.3 million, and operating cash flow decreased to $126.4 million from $216.4 million a year ago [2] - Adjusted free cash flow was reported at $96 million, down from $162.1 million in the prior year [2] Fleet and Operations - ATSG's total fleet in service included 133 aircraft (19 passengers and 114 freighters) at the end of Q1 2024, compared to 129 a year ago [1] - Total operating expenses decreased marginally to $452.5 million [1] Market Position - ATSG's adjusted earnings per share for 2024 is still expected to be in the range of 55-80 cents, with the midpoint below the Zacks Consensus Estimate of 73 cents [3] - Capital spending is projected to be $410 million [3] - ATSG currently holds a Zacks Rank 4 (Sell) [3] Industry Comparisons - Delta Air Lines reported first-quarter 2024 earnings of 45 cents per share, significantly beating the Zacks Consensus Estimate of 36 cents, with an 80% year-over-year increase [4] - Delta's revenues of $13.75 billion surpassed estimates and increased 7.75% year over year, driven by strong air travel demand [4] - CSX Corporation's first-quarter 2024 earnings per share of 46 cents beat estimates but declined 4% year over year, with total revenues of $3.68 billion, slightly above estimates but down 1% year over year [4][5]