ATSG Q3 2024 Earnings Report
Key Takeaways
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 entered into a definitive agreement to be acquired by Stonepeak in an all-cash transaction.
The leasing business benefited from strong demand, adding four Boeing 767-300 freighter leases.
Third quarter results were affected by fewer block hours flown and higher expenses, including start-up costs for Amazon aircraft.
Strong free cash flow was generated, bringing the year-to-date total to $193 million.
ATSG
ATSG
Forward Guidance
ATSG has canceled the third quarter 2024 earnings conference call and will not provide financial guidance going forward due to the announced transaction with Stonepeak.