Welcome to our dedicated page for Air Transport Services Grp news (Ticker: ATSG), a resource for investors and traders seeking the latest updates and insights on Air Transport Services Grp stock.
Air Transport Services Group Inc (ATSG) provides essential air cargo solutions through aircraft leasing, maintenance, and logistics support. This dedicated news hub offers investors and industry professionals timely updates on ATSG's operational developments and strategic positioning within the airfreight sector.
Access authoritative reporting on earnings announcements, fleet expansions, partnership agreements, and regulatory filings. Our curated collection ensures you stay informed about critical developments affecting ATSG's Cargo Aircraft Management division and ACMI services operations.
Key coverage areas include:
• Financial performance reports
• Aircraft acquisition/leasing updates
• Maintenance facility expansions
• Strategic client partnerships
• Industry regulatory developments
Bookmark this page for direct access to original press releases and objective analysis of ATSG's role in shaping global air cargo logistics. Check regularly for updates impacting freight capacity markets and aviation service innovations.
Air Transport Services Group (ATSG) held its annual stockholder meeting virtually. Key outcomes included the reelection of nine directors, ratification of Deloitte & Touche LLP as the independent accounting firm for fiscal year 2024, and approval of executive compensation for 2023. Additionally, a proposal related to managing climate risk was rejected. Reelected directors include Phyllis J. Campbell, Jeffrey A. Dominick, Joseph C. Hete, Raymond E. Johns, Jr., Laura J. Peterson, Randy D. Rademacher, J. Christopher Teets, Jeffrey J. Vorholt, and Paul S. Williams. An audio replay of the meeting will be available after May 23 at www.virtualshareholdermeeting.com/ATSG2024. A complete report will be filed in a Form 8-K with the SEC.
Air Transport Services Group, Inc. (ATSG) reported first quarter 2024 financial results with revenues of $486 million, down 3% compared to 2023. GAAP Earnings per Share (diluted) decreased by $0.12 to $0.13. Adjusted EBITDA was $127.3 million, down 8%.
ATSG expanded and extended its flying agreement with Amazon, adding ten Boeing 767 freighters by 2024. The company expects Adjusted EBITDA to reach $516 million in 2024, excluding additional aircraft leases or flying opportunities not yet committed.
Air Transport Services Group, Inc. (ATSG) has expanded its operations in the Amazon Air network by agreeing to operate ten additional Boeing 767 freighters for Amazon.com Services The operating agreement has been extended to May 2029, with the option for a five-year extension. The agreement includes features such as the operation of initial ten freighters by ATSG airlines starting in Summer 2024 and the potential addition of up to ten more aircraft. ATSG has also issued new warrants for shares to Amazon as part of the agreement.
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