ATSG Earnings Reports

ATSG reported strong fourth quarter results, driven by continued momentum in CAM leasing and improved profitability in ACMI Services. The company placed its ninth converted 767-300 freighter and saw improved profitability in ACMI Services, operating all ten additional aircraft recently provided by Amazon. ATSG generated $228 million in free cash flow for the year and is on track to be acquired by Stonepeak in the first half of 2025.

ATSG reported its third quarter 2024 results, which were impacted by reduced block hours and increased expenses, including startup costs for additional Amazon aircraft. However, the company benefited from strong demand in its leasing business and generated significant free cash flow. ATSG also entered into a definitive agreement to be acquired by Stonepeak.

ATSG's second quarter results were affected by fewer block hours and scheduled return of Boeing 767-200 freighters. However, the company beat internal expectations for the quarter and is positioned for further improvement in the second half of the year. They have raised their full year guidance for Adjusted EBITDA and leased four aircraft to customers since the end of June.

ATSG reported strong start in the first quarter, having generated $15 million in Free Cash Flow.

ATSG reported a decrease in revenue and earnings for Q4 2023 due to lower demand in the leasing segment and reduced demand in passenger airline operations. Despite challenges, the company converted and leased thirteen aircraft, including its first three Airbus A321-200 freighters. They have also substantially reduced their capital spending plans, and now expect to generate positive cash flow in 2024.

ATSG reported customer revenues of $523 million, a slight increase from the previous year. Adjusted EBITDA was $137 million, and adjusted EPS was $0.32. The company reaffirmed its 2023 capital expenditure guidance at $785 million.

ATSG reported a 4% increase in revenues to $529 million for Q2 2023. GAAP EPS decreased to $0.54, while Adjusted EPS was $0.57. The company's Adjusted EBITDA was $157 million, comparable to the prior year. ATSG projects record 2023 freighter lease deployments and increased its 2023 Adjusted EPS guidance.

ATSG reported a 3% increase in revenue to $501 million, but experienced a decrease in GAAP EPS to $0.28 and a decline in Adjusted EBITDA to $138 million due to lower passenger airline revenues and inflationary impacts. The aircraft leasing business, CAM, saw no reduction in demand.

ATSG reported record revenues for 2022, reaching $2.0 billion, and a 5% increase in Adjusted EBITDA to $641 million. The company projects record freighter deliveries in 2023 and 2024, with significant growth expected in Adjusted EBITDA.

Air Transport Services Group (ATSG) reported an 11% increase in revenues to $517 million for the third quarter of 2022, compared to the third quarter of 2021. GAAP earnings were $50 million, or $0.68 per share. Adjusted Earnings Per Share increased to $0.60, and Adjusted EBITDA increased to $163 million.

ATSG reported a strong second quarter with a 24% increase in revenues to $510 million. The company's adjusted EBITDA increased by 23% to $158 million, driven by growth in freighter leasing and ACMI services.

Air Transport Services Group (ATSG) reported record first-quarter results for 2022, with revenues up 29% to $486 million and GAAP earnings increasing by 18% to $50 million. The company's performance benefited from a rebound in passenger flying and strong returns from freighter leasing, setting a strong pace for 2022.

ATSG reported a strong Q4 2021, with revenues up 21% and adjusted EBITDA up 27%. The company's performance was driven by the increasing demand for freighter aircraft and air express services, leading to record revenue, adjusted EPS, and operating cash flow for the full year.

Air Transport Services Group (ATSG) reported record customer revenues of $466.0 million, up 15 percent compared to the third quarter of 2020. GAAP EPS from continuing operations was $0.85, and adjusted EBITDA reached a record $153.0 million, a 22 percent increase. The company increased its full-year Adjusted EBITDA outlook to at least $535 million.

ATSG reported increased customer revenues and a significant improvement in GAAP earnings compared to the same quarter last year. Adjusted EBITDA also increased, driven by strong e-commerce-related cargo operations. The company is optimistic about meeting or exceeding its overall results projected for 2021.

ATSG reported a decrease in customer revenues to $376.1 million, GAAP earnings from continuing operations decreased to $42.3 million, and adjusted earnings from continuing operations decreased to $15.2 million. However, aircraft leasing revenues increased due to new Boeing 767-300 freighter leases, with 15 new leases since March 2020, including five in Q1 2021. The company expects Adjusted EBITDA for 2021 to be at least $525 million.

Air Transport Services Group (ATSG) reported a decrease in customer revenues to $399.4 million and a decrease in adjusted earnings from continuing operations to $29.1 million for Q4 2020. These results were influenced by the pandemic's impact on passenger operations and combi aircraft flying, although aircraft leasing revenues increased due to record deployments of Boeing 767s.

ATSG's third quarter results showed a 10% increase in customer revenues, reaching $404.1 million. Adjusted Earnings from Continuing Operations rose 48% to $31.8 million, and Adjusted EBITDA from Continuing Operations increased 15% to $125.5 million. The company also raised its Adjusted EBITDA guidance for 2020 to $490 million.

ATSG's second quarter 2020 saw a 13% increase in customer revenues, driven by growth in aircraft leasing and air transport segments. While GAAP earnings showed a loss due to financial instrument re-measurements and an impairment charge, adjusted earnings rose significantly. The company also raised its adjusted EBITDA guidance for 2020.

ATSG reported a 12% increase in customer revenues, reaching $389.3 million. GAAP earnings from continuing operations were $133.7 million, and adjusted EBITDA from continuing operations increased by 9% to $124.0 million.

ATSG reported a 44% increase in customer revenues to $403.4 million for Q4 2019. GAAP Earnings from Continuing Operations was a loss of $41.1 million, or $0.70 per share basic. Adjusted Earnings from Continuing Operations (non-GAAP) rose 73 percent, to $39.0 million. Adjusted EBITDA from Continuing Operations (non-GAAP) increased 29 percent, or $28.1 million, to $124.3 million.