Welcome to our dedicated page for Air Transport Services Group news (Ticker: ATSG), a resource for investors and traders seeking the latest updates and insights on Air Transport Services Group stock.
Air Transport Services Group, Inc. (ATSG) is a leading provider of air cargo transportation and related services, catering to both domestic and international clients. With a portfolio of principal subsidiaries, ATSG offers a comprehensive range of solutions including air cargo lift, aircraft leasing, maintenance services, airport ground support, fuel management, and air charter brokerage.
The company's core business revolves around two primary segments: Cargo Aircraft Management (CAM) and ACMI Services (Aircraft, Crew, Maintenance, and Insurance). The ACMI Services segment generates the majority of the company's revenue, showcasing its significant role in the cargo transportation and package delivery sectors.
ATSG's major subsidiaries include ABX Air, Inc., Air Transport International LLC, and Capital Cargo International Airlines, Inc., among others. Additionally, the company operates Airborne Maintenance & Engineering Services, Inc. and Airborne Global Services, Inc., which contribute to its diverse service offerings.
Recently, ATSG, in collaboration with GA Telesis, LLC, achieved a significant milestone by obtaining an Air Agency Certificate from the European Union Aviation Safety Agency (EASA) for their joint venture, the Specialized Procedures Aeroengine Hospital (SPAH) at the Wilmington Air Park in Ohio. This certification allows the joint venture to offer rapid jet engine maintenance services, enhancing performance reliability for up to 200 engines annually.
ATSG's robust infrastructure and strategic partnerships have enabled it to expand its global footprint, providing innovative solutions and ensuring customer success. The company's mission is further supported by its high-quality repair and overhaul services, as well as its advanced supply chain capabilities.
For more information, please visit the official website at www.atsginc.com.
Air Transport Services Group (ATSG) has scheduled an investor conference call for May 5, 2023, at 10 a.m. Eastern time to discuss its financial results for the first quarter that ended on March 31, 2023. The earnings release will be issued on May 4, 2023, after market close. Interested participants must register via this link, available on ATSG’s website. After registration, participants will receive dial-in numbers and a Personal Identification Number (PIN). A listen-only access to the live and replay versions of the call will also be provided through a webcast on the ATSG website. ATSG is a major provider of aircraft leasing and air transportation services, owning and operating the largest fleet of converted Boeing 767 freighters.
Air Transport Services Group (Nasdaq: ATSG) reported strong financial results for 2022, achieving record revenues of $2.0 billion, up 18% from the previous year. Fourth quarter revenues were $533 million, reflecting an 11% increase. Adjusted EBITDA rose 18% to $641 million, driven by investments of nearly $600 million for future growth. Despite growth, GAAP EPS declined to $2.67, a drop of $0.66. In 2023, ATSG expects Adjusted EBITDA between $650 million and $660 million, while Adjusted EPS is projected to decrease to $1.85-$2.00 due to inflationary pressures and reduced operations. The company plans significant capital investments to support expanding leasing operations.
Air Transport Services Group (ATSG) announced an investor conference call scheduled for February 24, 2023, at 10 a.m. Eastern time. The call will review fourth quarter 2022 financial results and provide insights for 2023. The earnings release will be available on February 23, 2023, after market close. Participants must register via this link, accessible on ATSG’s website under “Investors.”
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