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Jun 30, 2022
ATSG Q2 2022 Earnings Report
Reported strong financial results driven by freighter leasing and ACMI services.
Key Takeaways
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.
Revenues increased by 24% to $510 million.
GAAP Earnings were $54 million, or $0.73 per share basic.
Adjusted Earnings Per Share were $0.59, versus $0.35 a year ago.
Adjusted EBITDA increased by 23% to $158 million.
Revenue by Segment
Forward Guidance
ATSG continues to project a record $640 million in Adjusted EBITDA for 2022, up nearly $100 million from 2021.
Positive Outlook
- Addition of ten dry leases of converted freighters for the year, including eight 767-300s and two A321-200 aircraft.
- Seven more 767 freighters that our airlines will operate under CMI arrangements that the aircraft’s owners or lessees have assigned to our airlines.
- Mitigation of some inflation-driven cost increases in ACMI Services and rate increases for military passenger operations beginning in the fourth quarter.
- Full restoration of ATI’s global combi service to all remote U.S. military facilities it served before the pandemic, including a major route scheduled to resume in the fourth quarter.
- E-commerce shopping habits will continue to drive express-package delivery networks.
Challenges Ahead
- Persistent inflation.
- Higher labor costs.
- Increases in interest rates.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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