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Omni Air International pilots represented by the Airline Professionals Association-Teamsters Local 1224 have voted to authorize a strike, with 100% of participating members voting in favor. The pilots have been in negotiations for a new contract for nearly three years, and despite eight months of federally mediated negotiations, no progress has been made. The pilots are demanding a fair contract that recognizes their contributions to the company. This comes as Omni Air's strategy of attempting to force substandard contract terms on pilots is causing significant damage to the operation, leading to the loss of some of their best pilots and struggles to replace them.
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End-of-Day
2.69%
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Air Transport Services Group, Inc. (ATSG) will host an investor conference call on February 27, 2024, 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 February 26, 2024. Participants must register in advance via the company's website. Listen-only webcast access and slides will also be available.
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End-of-Day
0.21%
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Air Transport Services Group, Inc. (ATSG) announced the retirement of President James O'Grady and the appointment of Mike Betson as his replacement. O'Grady, who served as President of Air Transport International, Inc. since 2016, retired after a 40-year career in aviation. Betson, who has been the Chief Operating Officer of ATI since 2021, previously held a leadership position at United Parcel Service. Joe Hete, chairman and CEO of ATSG, praised O'Grady's dedication and welcomed Betson's leadership. The transition is expected to ensure ATI's continued success.
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-1.37%
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Air Transport Services Group, Inc. (NASDAQ: ATSG) and GA Telesis, LLC announced that their joint venture, Specialized Procedures Aeroengine Hospital (SPAH), has received a 14 CFR Part 145 Air Agency Certificate from the U.S. Federal Aviation Administration. The new facility at the Wilmington Air Park in Ohio will offer quick-turnaround jet engine maintenance, with a focus on General Electric and CFM International engines. This milestone marks a significant step in enhancing performance reliability for the airline industry.
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Rhea-AI Sentiment
End-of-Day
8.59%
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Air Transport Services Group, Inc. (NASDAQ: ATSG) has delivered a newly converted Boeing 767-300 freighter to My Freighter Cargo Airlines of Tashkent, Uzbekistan under a multi-year lease. This delivery expands ATSG's capacity opportunities for global air cargo customers, particularly in the region facilitating trade between Europe and East Asia. My Freighter's CEO expressed satisfaction with the new partnership and the addition of the Boeing 767-300BCF to their fleet, anticipating mutual benefits and sustainable growth. ATSG's LeasePlus+ model is set to offer A330 freighters in 2024, supporting e-commerce and express customers in growing regions like central and south Asia.
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Rhea-AI Sentiment
End-of-Day
8.59%
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ATSG Announces Webcast Presentation at Stephens Annual Investment Conference, Discussing Business Model and Growth Strategy
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3.81%
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Air Transport Services Group (ATSG) reported third-quarter financial results with revenues of $523 million, up 1% compared to the same quarter in 2022. GAAP EPS from Continuing Operations was $0.26, down $0.42, while Adjusted EPS from Continuing Operations was $0.32, versus $0.60. Adjusted EBITDA was $137 million, down from $163 million. The company deployed seven newly-converted freighters, including two A321-200s, in the quarter. The 2023 outlook has been revised due to the current operating environment.
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-22.86%
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Air Transport Services Group (ATSG) has appointed Joe Hete as its CEO, replacing Rich Corrado. Hete, the former CEO of ATSG, brings 40 years of leadership experience in the air freight industry. The company believes Hete is the right leader to accelerate its strategy and capitalize on long-term opportunities. ATSG will also report its third-quarter 2023 financial results, with an investor conference call scheduled for tomorrow.
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End-of-Day
-22.86%
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Air Transport Services Group, Inc. (ATSG) will host an investor conference call to review its third quarter 2023 financial results on November 7, 2023. Results will be released on November 6, 2023.
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3.86%
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Air Transport Services Group (ATSG) promotes Mike Berger to President, effective October 1, 2023, to lead transformational growth in freighter leasing and air operations.
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Rhea-AI Sentiment
End-of-Day
-0.34%
Tags
Air Transport Services Group, Inc.
Nasdaq:ATSG
ATSG Rankings
ATSG Stock Data
887.27M
50.38M
22.03%
83.62%
6.35%
Couriers and Express Delivery Services
Transportation and Warehousing
United States of America
WILMINGTON
About ATSG
air transport services group, inc. provides air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. through its principal subsidiaries, including three airlines with separate and distinct u.s. faa part 121 air carrier certificates, atsg provides air cargo lift, aircraft leasing, aircraft maintenance services, airport ground services, fuel management, specialized transportation management, and air charter brokerage services. major subsidiaries include - abx air, inc. (www.abxair.com) - air transport international llc (www.airtransport.cc) - capital cargo international airlines, inc. (www.capitalcargo.com) - airborne maintenance & engineering services, inc. (www.airbornemx.com) - airborne global services, inc.