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]

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 ...

Air Transport Services Group (ATSG) is currently grappling with a host of intricate challenges, a scenario that we believe has significantly diminished its attractiveness as an investment opportunity.Let’s delve deeper.Southward Earnings Estimate Revision: The Zacks Consensus Estimate for current-quarter earnings has been revised 65% downward over the past 60 days. For the current year, the consensus mark for earnings has moved 56.5% south in the same time frame. The highly unfavorable estimate revisions in ...

WILMINGTON, Ohio--(BUSINESS WIRE)--Air Transport Services Group, Inc. (NASDAQ: ATSG) today announced that it has commenced a new lease agreement with DHL Network Operations (USA), Inc. under which ATSG’s Cargo Aircraft Management (CAM) has leased a 767-300 freighter aircraft to DHL to operate within DHL’s global network. “ As one of our longest leasing relationships, we take pride in identifying opportunities to enhance capacity within the DHL network,” said Paul Chase, chief commercial officer of ATSG. “ ...

WILMINGTON, Ohio--(BUSINESS WIRE)--Air Transport Services Group, Inc. (Nasdaq: ATSG) today announced that its charitable giving in 2023 topped $980,000, a fifteen percent increase over the prior year total. This record-breaking sum reflects the company’s commitment to supporting the communities it serves and its belief in the power of corporate social responsibility. The company’s charitable giving in 2023 included: Over $308,000 raised through employee giving campaigns. Employees throughout the corporat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ 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 registra ...

4Q 2023 ATSG QUARTERLY PRESENTATION JOE HETE l CEO JOE PAYNE l CLO MIKE BERGER l PRESIDENT QUINT TURNER l CFO Slide l 1 AIR TRANSPORT SERVICES GROUP ...

Air Transport Services Group, Inc. (NASDAQ:ATSG) Q4 2023 Earnings Conference Call February 27, 2024 10:00 AM ET Company Participants Joe Payne - Chief Legal Officer Joe Hete - Chief Executive Officer Quint Turner - Chief Financial Officer Mike Berger - President Paul Chase - Chief Commercial Officer Conference Call Participants Christopher Stathoulopoulos - Susquehanna Financial Group Ian Zaffino - Oppenheimer Helane Becker - TD Cowen Frank Galanti - Stifel Adam Ritzer - L. L. Capital Operator Good day, and ...

ATSG Performance Summary - Air Transport Services Group, Inc. (ATSG) reported disappointing fourth-quarter 2023 results with earnings per share (EPS) of 18 cents, missing the Zacks Consensus Estimate of 29 cents and declining 66% year over year [1] - Revenues for ATSG were $517 million, which also lagged behind the Zacks Consensus Estimate of $521 million, representing a 3% year-over-year decline [1] - Total operating expenses increased by 4.3% to $480.4 million [1] - Adjusted EBITDA fell 20% year over year to $129.9 million, while operating cash flow rose to $127.98 million from $74.05 million a year ago [1] - Adjusted free cash flow for the fourth quarter was $66.98 million, compared to $32.61 million in the prior year [1] 2024 Outlook - ATSG expects adjusted EPS to be in the range of 55-80 cents for 2024 and anticipates adjusted EBITDA of almost $506 million [2] - Capital spending for 2024 is projected to be $410 million [2] - ATSG currently holds a Zacks Rank 4 (Sell) [2] Performance of Other Transportation Companies - J.B. Hunt Transport Services, Inc. (JBHT) reported fourth-quarter 2023 EPS of $1.47, missing the Zacks Consensus Estimate of $1.74 and declining 23.4% year over year [3] - JBHT's total operating revenues were $3,303.70 million, surpassing the Zacks Consensus Estimate of $3,236.2 million but fell 9.5% year over year [3] - Delta Air Lines (DAL) reported fourth-quarter 2023 EPS of $1.28, beating the Zacks Consensus Estimate of $1.17, although earnings declined 13.51% year over year due to high labor costs [3] - DAL's revenues were $14,223 million, exceeding the Zacks Consensus Estimate of $14,069.5 million and increasing 5.87% year over year [3] - United Airlines Holdings, Inc. (UAL) reported fourth-quarter 2023 EPS of $2.00, surpassing the Zacks Consensus Estimate of $1.61 but declining 18.7% year over year [4] - UAL's operating revenues were $13,626 million, beating the Zacks Consensus Estimate of $13,546.8 million and increasing 9.9% year over year due to strong air-travel demand [4]

For the quarter ended December 2023, Air Transport Services (ATSG) reported revenue of $517.04 million, down 3% over the same period last year. EPS came in at $0.18, compared to $0.53 in the year-ago quarter.The reported revenue represents a surprise of -0.77% over the Zacks Consensus Estimate of $521.04 million. With the consensus EPS estimate being $0.29, the EPS surprise was -37.93%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...