Air Transport Services Grp Inc Stock Price, News & Analysis

Airborne Training Services, a subsidiary of Air Transport Services Group (ATSG), has launched a newly redesigned website at www.airbornets.com. The updated site showcases class offerings and training equipment, including Airline Transport Pilot Certification Training Program and access to FAA-certified simulators for Boeing 767 and 757. This website is the first of six planned sites to be launched in 2021. Airborne Training Services operates under a Part 142 certificate and emphasizes safety and professionalism in pilot training.

Air Transport Services Group (Nasdaq: ATSG) will present at the Sidoti Spring 2021 Virtual Conference on March 24, 2021, at 12:15 p.m. Eastern time. Key executives will discuss ATSG's leasing strategy, particularly its Boeing 767 freighters leased to major clients like Amazon and UPS. They will review ATSG's financial strength, focusing on expanding cash flows from its aircraft portfolio. The audio webcast is accessible via ATSG's investor website, requiring registration for public listeners.

Air Transport Services Group (Nasdaq: ATSG) has initiated a brand realignment to unify its diverse aviation businesses. This strategy aims to enhance its position as the largest lessor of freighter aircraft for e-commerce and express markets. The rebranding emphasizes the company's commitment to delivering resilience, flexibility, and integrity. ATSG's offerings include cargo and passenger airlift, aircraft leasing, maintenance, and support services through its various subsidiaries such as Air Transport International and ABX Air. The new branding reflects ATSG's leadership and customer-centric vision.

Air Transport Services Group (Nasdaq: ATSG) reported consolidated financial results for Q4 and FY 2020, highlighting a decline in customer revenues by $4 million to $399.4 million in Q4, yet an annual increase of $118.4 million to $1.57 billion. ACMI Services revenues fell $17.9 million, attributed to pandemic impacts. Aircraft leasing saw a rise of $9.3 million due to increased Boeing 767 deployments. ATSG's GAAP earnings turned positive at $2.3 million in Q4, contrasting a loss of $41.1 million in 2019, yet down from $25.1 million for the year. Adjusted EBITDA for 2020 was $497 million, a $44.9 million increase.

Air Transport Services Group (NASDAQ:ATSG) will host an investor conference call on February 26, 2021, at 10 a.m. ET to discuss its fourth quarter and year-end financial results for 2020. The earnings release will be available on February 25, 2021, after market closure. Participants can join the call by dialing (800) 708-4540 or (847) 619-6397 for international callers. The call will also be webcast live on the company's website. A replay will be accessible after the call ends.

ATSG is a leader in aircraft leasing and air cargo services, operating the largest fleet of converted Boeing 767 freighters.

Air Transport Services Group (NASDAQ: ATSG) announced that its subsidiary, LGSTX Services, secured a five-year contract with the U.S. Postal Service to establish a Surface Transfer Center (STC) in Orlando, Florida. This facility will streamline the sorting and consolidation of postal products. LGSTX Services has hired around 150 full-time employees for the center, with potential for more hires as demand increases. The company's experience in managing similar facilities for the Postal Service highlights their capability to meet operational needs and deliver efficient service.

Air Transport Services Group (Nasdaq: ATSG) will present a webcast at the Stifel Virtual Transportation & Logistics Conference on February 10, 2021, at 2 p.m. ET. CEO Rich Corrado and CFO Quint Turner will discuss ATSG's business model as a leading lessor of freighter aircraft, servicing clients like Amazon and UPS. They will highlight financial performance, focusing on growing cash flows from their leased aircraft portfolio. The live audio webcast and investor slide presentation will be accessible on their website for 30 days.

The Board of Directors of Air Transport Services Group (NASDAQ: ATSG) has appointed Phyllis J. Campbell and Paul S. Williams to its Board. Campbell, currently chairman of the Pacific Northwest region for JPMorgan Chase, brings extensive financial services experience. Williams, a former managing director at Major, Lindsey & Africa, adds executive recruiting expertise. Board chairman Joe Hete expressed confidence that their insights will enhance ATSG's strategic direction and growth opportunities. Both will be nominated for a one-year term at ATSG's annual shareholder meeting in May.

Air Transport Services Group (NASDAQ:ATSG) has announced a significant milestone, agreeing to purchase two Boeing 767-300ER aircraft from Air Canada. The deal includes converting the planes from passenger to freighter configurations and leasing them back to Air Canada. The first aircraft will undergo conversion in March 2021, with an expected redelivery by year-end. This partnership marks ATSG's first sale-leaseback agreement with Air Canada, aimed at enhancing Air Canada's cargo operations in response to growing market opportunities.