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ATSG to Host Fourth Quarter 2023 Investor Conference Call
Businesswire· 2024-02-07 21:01
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 ...
ATSG Announces New President of Airline Subsidiary ATI
Businesswire· 2024-01-25 22:00
WILMINGTON, Ohio--(BUSINESS WIRE)--Air Transport Services Group, Inc., (Nasdaq: ATSG) today announced the retirement of James O'Grady, President of Air Transport International, Inc., an airline subsidiary of ATSG, and the appointment of his replacement, Mike Betson. O'Grady served as President of ATI since January 2016. Prior to that he had been Chief Operating Officer since September 2014. Before joining the airline, he held management positions in other ATSG subsidiaries, including serving as Managing Di ...
Here's Why You Should Avoid Air Transport Services (ATSG) Now
Zacks Investment Research· 2024-01-15 17:47
Company Overview - Air Transport Services Group, Inc. (ATSG) is currently facing multiple challenges that have rendered it an unimpressive investment option [1] Earnings Estimates - The Zacks Consensus Estimate for ATSG's current-quarter earnings has been revised downward to 29 cents per share from 32 cents over the past 60 days [1] - For the current year, the consensus mark for earnings has decreased by 6.6% in the same timeframe, indicating a lack of confidence from brokers [1] Zacks Rank - ATSG currently holds a Zacks Rank of 5 (Strong Sell), reflecting its unfavorable position in the market [1] Price Performance - ATSG's stock has declined by 20% over the past three months, contrasting sharply with its industry's growth of 1.2% [1] Operating Costs - Operating costs for ATSG surged by 24.8% in 2022, with fuel expenses increasing by 58.7% [2] - Operating expenses rose by 6.9% in the first nine months of 2023, further straining the company's financials [2] Liquidity Position - As of the end of the third quarter of 2023, ATSG's current ratio was 0.92, indicating insufficient capital to cover short-term debts [2] Industry Rank - ATSG belongs to an industry with a Zacks Industry Rank of 232 out of over 250 groups, placing it in the bottom 6% of the Zacks industries [3] - The performance of ATSG's stock is significantly influenced by the overall performance of its industry group [3] Alternative Investment Options - Investors in the Zacks Transportation sector may consider better-ranked stocks such as Ryanair Holdings (RYAAY) and SkyWest (SKYW) [4] - RYAAY has a Zacks Rank of 2 (Buy) and reported a profit after tax of €2.18 billion in the first half of fiscal 2024, up 59% year over year [4] - SkyWest holds a Zacks Rank of 1 (Strong Buy) with a 3.5% increase in the consensus estimate for 2024 earnings over the past 60 days [4]
Air Transport Services (ATSG) - 2023 Q3 - Quarterly Report
2023-11-08 16:00
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 September 30, 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 regis ...
Air Transport Services (ATSG) - 2023 Q3 - Earnings Call Transcript
2023-11-07 21:39
Air Transport Services Group, Inc. (NASDAQ:ATSG) Q3 2023 Results Conference Call November 7, 2023 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 Frank Galanti - Stifel Grant Smith - Stephens Inc Helane Becker - TD Cowen Christopher Stathoulopoulos - Susquehanna Financial Group Howard Rosencrans - Value Advisory Michael Ciarmoli ...
Air Transport Services (ATSG) - 2023 Q2 - Quarterly Report
2023-08-06 16:00
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 June 30, 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 registrant ...
Air Transport Services (ATSG) - 2023 Q2 - Earnings Call Transcript
2023-08-04 17:37
Air Transport Services Group, Inc. (NASDAQ:ATSG) Q2 2023 Earnings Conference Call August 4, 2023 10:00 AM ET Company Participants Joe Payne - Chief Legal Officer Rich Corrado - President & Chief Executive Officer Quint Turner - Chief Financial Officer Paul Chase - Chief Commercial Officer Conference Call Participants Frank Galanti - Stifel Jack Atkins - Stephens Inc Michael Ciarmoli - Truist Thomas Fitzgerald - Cowen Christopher Stathoulopoulos - Susquehanna Operator Good morning, ladies and gentlemen. Than ...
Air Transport Services (ATSG) - 2023 Q2 - Earnings Call Presentation
2023-08-04 14:33
2Q 2023 ATSG QUARTERLY PRESENTATION RICH CORRADO l PRESIDENT & CEO JOE PAYNE l CLO MIKE BERGER l CSO QUINT TURNER l CFO Slide l 1 AIR TRANSPORT SERVICES GROUP ...
Air Transport Services (ATSG) - 2023 Q1 - Quarterly Report
2023-05-09 16:00
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, 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 registran ...
Air Transport Services (ATSG) - 2023 Q1 - Earnings Call Transcript
2023-05-05 21:20
Air Transport Services Group, Inc. (NASDAQ:ATSG) Q1 2023 Earnings Conference Call May 5, 2023 10:00 AM ET Company Participants Joe Payne - Chief Legal Officer Rich Corrado - President and CEO Quint Turner - CFO Mike Berger - CSO Conference Call Participants Jack Atkins - Stephens Helane Becker - TD Cowen Frank Galanti - Stifel Chris Stathoulopoulos - Susquehanna Financial Michael Ciarmoli - Truist Operator Thank you for standing by, and welcome to the Air Transport Services Group First Quarter 2023 Earnings ...