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. (NASDAQ: ATSG) features prominently in news coverage as a global leader in medium widebody freighter aircraft leasing, air transport operations, and related aviation support services. Company news frequently highlights its role in aircraft leasing, contracted cargo and passenger transportation, and the broader air logistics ecosystem.
Recent releases describe ATSG’s consolidated financial results, including quarterly and full-year performance for its Cargo Aircraft Management (CAM) and ACMI Services segments. These updates discuss trends in revenues, pretax earnings, adjusted non-GAAP metrics, free cash flow, and operating statistics such as cargo and passenger block hours. Investors following ATSG news can see how the company’s leasing activity, aircraft conversions, and flight operations contribute to its reported results.
Another major theme in ATSG news is corporate transactions. The company has announced a definitive agreement to be acquired by Stonepeak in an all-cash transaction and later reported that its stockholders approved the proposed merger, with closing subject to customary conditions and regulatory approvals. Additional releases cover related milestones such as the expiration of a “go-shop” period and the impact of the acquisition on holders of ATSG’s convertible senior notes, including the occurrence of a “Fundamental Change” and “Make-Whole Fundamental Change” under the applicable indenture.
Operational news items describe aircraft deliveries and leasing activity, such as the delivery of a Boeing 767-300 converted freighter under a long-term lease to CAMEX Airlines, and the leasing of additional freighters to external customers. Other stories cover partnerships and initiatives, including a joint venture engine services facility with GA Telesis and an educational alliance with Purdue Global to support employee learning. Readers who follow ATSG news can track developments in its fleet, customer relationships, financial performance, and the progress of its planned acquisition by Stonepeak.
Summary not available.
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.
Summary not available.
Summary not available.
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.”
Air Transport Services Group, Inc. (Nasdaq: ATSG) has provided an operational outlook for its cargo aircraft fleet ahead of investor meetings on
Air Transport Services Group, Inc. (NASDAQ:ATSG) has announced a new share repurchase authorization allowing for the repurchase of up to $150 million of its common shares. This follows a previous buyback during October 2022, where approximately 1.6 million shares were repurchased. The Board of Directors believes that share repurchases are beneficial for shareholder interests. The authorization is flexible, permitting repurchases based on market conditions, and it can be terminated at any time.
Air Transport Services Group (ATSG) will present at the 2022 Aircraft Leasing Conference hosted by Goldman Sachs on December 1 at noon ET in New York City. Rich Corrado, ATSG CEO, will participate in a panel discussing the air cargo market and the company's resilient business model, which generates substantial cash flow from its fleet of 124 aircraft. ATSG's fleet includes 89 leased Boeing 767 freighters and supports operations for DHL and Amazon. The presentation will be available on ATSG's investor website, along with a 30-day replay.
Air Transport Services Group (ATSG) will present at the Stephens Annual Investment Conference in Nashville, Tennessee, on November 15, 2022, at 8 a.m. Central time. Rich Corrado, CEO, and Quint Turner, CFO, will discuss the company’s strong cash flow from leasing cargo aircraft to firms like Amazon and the U.S. Department of Defense. The presentation will feature a fireside chat led by analyst Jack Atkins. Interested parties can access the live webcast and replay for 30 days via ATSG's investor website.
FAQ
What is the current stock price of Air Transport Services Grp (ATSG)?
What is the market cap of Air Transport Services Grp (ATSG)?
