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 ...

ATSG Reports Fourth Quarter and Full-Year 2023 Results Projects sharply lower 2024 capital expenditures, improving cash flow WILMINGTON, OH, February 26, 2024 - Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body freighter aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the quarter and year ended December 31, 2023. Those results, as compared with the same periods in 2022, were as follows: Fourth ...

The upcoming report from Air Transport Services (ATSG) is expected to reveal quarterly earnings of $0.29 per share, indicating a decline of 45.3% compared to the year-ago period. Analysts forecast revenues of $521.04 million, representing a decrease of 2.3% year over year.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.Prio ...

Workers Demand End to Sub-Standard Contracts  WASHINGTON, Feb. 8, 2024 /PRNewswire/ -- Omni Air International (Omni Air) pilots who are represented by the Airline Professionals Association-Teamsters Local 1224 voted to authorize a strike, with 100 percent of participating members voting in favor of the action. Today's strike authorization allows Teamsters Local 1224's leadership to call a strike on behalf of the pilot group, if necessary and when legally permitted under the Railway Labor Act (RLA). "This ov ...

WILMINGTON, Ohio--(BUSINESS WIRE)--Air Transport Services Group, Inc. (NASDAQ:ATSG) today announced that it will host an investor conference call on Tuesday, February 27, 2024, at 10 a.m. Eastern time to review its financial results for the fourth quarter and year ended December 31, 2023. The company will issue its fourth quarter 2023 earnings release on Monday, February 26, 2024, after the stock market closes. Conference call participants must register in advance via a link in the Events & Presentations ...