Associated tags: Aircraft, Omni Air International, Atmosphere, Atmosphere of Earth, ABX Air, ACMI, ATSG, Airline, Transport, Boeing, Air, Logistics, Air Transport Services Group, Supply Chain Management
Locations: NEW YORK, OMNI
Transportation,
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Transport,
Travel,
Aircraft,
Boeing 767,
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Atmosphere of Earth,
Airbus,
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ABX Air,
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Adjustment,
Omni Air International,
Earnings,
Projection,
Airline Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body freighter aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the first quarter ended March 31, 2024.
Key Points:
- Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body freighter aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the first quarter ended March 31, 2024.
- CAM’s first quarter pretax earnings decreased $21 million, or 61%, to $13 million versus the prior-year quarter.
- Pretax loss was $3 million in the first quarter, versus a loss of $2 million in the first quarter of 2023.
- ATSG will host an investor conference call on Tuesday, May 7, 2024, at 10 a.m. Eastern Time to review its results for the first quarter of 2024, and its outlook for the remainder of the year.
Retrieved on:
Monday, February 26, 2024
Transport,
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Aircraft,
Regulation S-K,
Depreciation,
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Item,
A321-200,
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PIN,
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Table,
ACMI,
Projection,
Vâlcele, Covasna,
CMI,
Earnings,
GAAP,
Boeing,
Public expenditure,
EPS,
Airline Flying for the U.S. military decreased throughout the quarter, and fewer leased Boeing 767-200 freighters in service continued to affect results at our leasing segment.
Key Points:
- Flying for the U.S. military decreased throughout the quarter, and fewer leased Boeing 767-200 freighters in service continued to affect results at our leasing segment.
- For the fourth quarter and full year, interest expense increased by $6 million and $17 million, respectively.
- Revenue block hours for ATSG's airlines decreased 4% for the fourth quarter and 1% for 2023 over 2022.
- ATSG will host an investor conference call on Tuesday, February 27, 2023, at 10 a.m. Eastern Time to review its financial results for fourth quarter and full year 2023, and its outlook for 2024.
Retrieved on:
Wednesday, November 15, 2023
Research,
Total Intelligence Solutions,
SASE,
ITSM,
MNS,
Magic,
Automation,
Magic Quadrant,
Completeness,
MAGIC,
ATSG,
Publication,
Research report,
Gartner NEW YORK, Nov. 15, 2023 /PRNewswire/ -- ATSG, a leading global managed services and solutions company, has been named a Leader in the 2023 Gartner® Magic Quadrant™ for Managed Network Services. Placement in the Magic Quadrant for Managed Network Services is based on Gartner analysts' evaluation of ATSG's Ability to Execute and its Completeness of Vision among the vendors in the Managed Network Services market.
Key Points:
- NEW YORK, Nov. 15, 2023 /PRNewswire/ -- ATSG, a leading global managed services and solutions company, has been named a Leader in the 2023 Gartner® Magic Quadrant™ for Managed Network Services.
- Placement in the Magic Quadrant for Managed Network Services is based on Gartner analysts' evaluation of ATSG's Ability to Execute and its Completeness of Vision among the vendors in the Managed Network Services market.
- "We are honored to be recognized as a Leader in Gartner Magic Quadrant for Managed Network Services for the second consecutive year," noted Anthony J.
- The 2023 Gartner Magic Quadrant Report for Managed Network Services is complimentary on the ATSG website here: https://www.atsg.net/2023-gartner-magic-quadrant-for-mns/
Gartner, Magic Quadrant for Managed Network Services, Ted Corbett, Bjarne Munch, Lisa Pierce, Danellie Young, Jon Dressel.
Transport,
Air,
Aircraft,
Omni,
Airbus,
Adjustment,
Continuous operation,
Air Transport Services Group,
DHL,
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EBITDA,
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Boeing 767,
A321,
PBC,
Earnings before interest, taxes, depreciation and amortization,
Tax,
EPS,
ATSG,
A330,
COVID-19,
Depreciation,
A321-200,
Travel,
Boeing,
Airline,
Bookkeeping,
Amazon Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the third quarter ended September 30, 2023.
Key Points:
- Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the third quarter ended September 30, 2023.
- However, both macro and operational pressures throughout the latter part of the quarter materially affected our results.
- Pre-tax earnings were $12 million in the third quarter, down 51% versus the prior-year quarter.
- ATSG is updating its full-year 2023 guidance as follows:
Engineering,
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Transport,
Aerospace,
Logistics,
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Manufacturing,
Knowledge,
Air Transport Services Group,
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Vâlcele, Covasna,
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Atmosphere of Earth,
The Conference Board,
ABX Air,
Conference call,
Government,
Management Air Transport Services Group, Inc. (NASDAQ: ATSG), the global leader in medium wide-body freighter aircraft leasing, air operations, and support services, today announced that its Board of Directors has appointed Joe Hete, current Chairman of the Board and the Company’s former longtime Chief Executive Officer, as ATSG’s CEO, effective immediately.
Key Points:
- Air Transport Services Group, Inc. (NASDAQ: ATSG), the global leader in medium wide-body freighter aircraft leasing, air operations, and support services, today announced that its Board of Directors has appointed Joe Hete, current Chairman of the Board and the Company’s former longtime Chief Executive Officer, as ATSG’s CEO, effective immediately.
- Hete is a well-known, highly respected pioneer in the global air freight industry and brings approximately 40 years of leadership experience in the space.
- He previously served as CEO of ATSG from 2003 to 2020, and has been a member of ATSG’s Board since 2003.
- Hete will be joined by Quint Turner, Chief Financial Officer, and Mike Berger, President, to discuss the quarterly results.
As the first Cisco Partner to acquire and harness the capabilities of Cisco's XDR platform for managed security services, ATSG stands at the forefront with Cisco for innovation.
Key Points:
- As the first Cisco Partner to acquire and harness the capabilities of Cisco's XDR platform for managed security services, ATSG stands at the forefront with Cisco for innovation.
- Their partnership also extends to a go-to-market launch, where ATSG seamlessly incorporates Cisco XDR into the core of its award-winning Managed Detection and Response (MDR) platform.
- Anthony D'Ambrosi, Chief Executive Officer of ATSG, emphasized the significance of this partnership: "Our alliance with Cisco XDR underscores our mutual commitment to delivering comprehensive, future-ready cybersecurity solutions.
- Learn more about ATSG and Cisco's XDR partnership by watching ATSG CEO, Anthony D'Ambrosi's latest interview with Jeetu Patel, EVP and General Manager of Security and Collaboration, Cisco.
Retrieved on:
Thursday, October 19, 2023
NEW YORK, Oct. 19, 2023 /PRNewswire/ -- ATSG , a leading global, tech-enabled managed services and solutions company, today announced that CRN, a brand of The Channel Company, has named ATSG a 2023 Triple Crown Award winner.
Key Points:
- NEW YORK, Oct. 19, 2023 /PRNewswire/ -- ATSG , a leading global, tech-enabled managed services and solutions company, today announced that CRN, a brand of The Channel Company, has named ATSG a 2023 Triple Crown Award winner.
- The recipients of the CRN Triple Crown Award are recognized for their remarkable accomplishment of securing a position on three distinguished lists in the same year.
- Anthony D'Ambrosi, Chief Executive Officer of ATSG, expressed his pride in the company's achievements: "We are honored to be named a 2023 Triple Crown Award winner by CRN for the fourth consecutive year.
- Content, Executive Editor, CRN, at The Channel Company, expressed her excitement and congratulations to the top solution providers who have achieved the prestigious Triple Crown Award.
Retrieved on:
Thursday, September 14, 2023
Air,
Transport,
Logistics,
Supply Chain Management,
Transportation,
Travel,
Other Transport,
Webcast,
Air Transport Services Group,
ATSG,
Q&A,
EDT Air Transport Services Group, Inc. (Nasdaq: ATSG), the global leader in medium wide-body freighter aircraft leasing, contracted air transportation, and related services today announced that it will host an Investor Day on September 27, 2023, at 8:00 a.m. EDT live from the NASDAQ Exchange in New York, N.Y.
Key Points:
- Air Transport Services Group, Inc. (Nasdaq: ATSG), the global leader in medium wide-body freighter aircraft leasing, contracted air transportation, and related services today announced that it will host an Investor Day on September 27, 2023, at 8:00 a.m. EDT live from the NASDAQ Exchange in New York, N.Y.
- The event also will be livestreamed.
- The event will feature presentations from ATSG’s executive leadership team, who will share an update on the Company’s vision, strategic plan, and multi-year financial targets.
- Scheduled to speak during the Investor Day are:
A live audio webcast of the event and presentation slides will be available on the Company’s website, https://www.atsginc.com/ under “Investors” and “Events & Presentations.” A replay of the webcast also will be available on the Company’s website following the event.
Retrieved on:
Friday, September 8, 2023
Cloud,
Challenger,
Research,
Cloud management,
Desktop virtualization,
Organization,
ATSG,
Desktop,
Publication,
Data as a service,
Magic,
Magic Quadrant,
Workplace (software),
Online shopping,
Kerosene,
Gartner NEW YORK, Sept. 8, 2023 /PRNewswire/ -- ATSG, a leading global, tech-enabled managed services and solutions company, has been named a Challenger in the 2023 Gartner® Magic Quadrant™ for Desktop as a Service (DaaS). Placement in the Magic Quadrant for Desktop as a Service is based on Gartner analysts' evaluation of ATSG's ability to execute and its completeness of vision among the vendors in the Desktop as a Service market.
Key Points:
- NEW YORK, Sept. 8, 2023 /PRNewswire/ -- ATSG, a leading global, tech-enabled managed services and solutions company, has been named a Challenger in the 2023 Gartner® Magic Quadrant™ for Desktop as a Service (DaaS).
- Placement in the Magic Quadrant for Desktop as a Service is based on Gartner analysts' evaluation of ATSG's ability to execute and its completeness of vision among the vendors in the Desktop as a Service market.
- "We are thrilled to be recognized as a Challenger in the new Gartner Magic Quadrant for Desktop as a Service," noted Anthony J.
- The 2023 Gartner Magic Quadrant Report for Desktop as a Service is complimentary on the ATSG website here: https://www.atsg.net/atsg-cloud-included-as-challenger-in-the-1st-gartne...
Gartner, Magic Quadrant for Desktop as a Service, Stuart Downes, Craig Fisler, Mark Margevicius, Tony Harvey, Sunil Jason Kumar, and Eri Harui.
Air,
Transport,
Logistics,
Supply Chain Management,
Transportation,
Travel,
Other Transport,
U.S. Department of Defense Strategy for Operating in Cyberspace,
Defense,
TD,
ATSG,
Air Transport Services Group,
Conference,
Airline Air Transport Services Group, Inc. (Nasdaq: ATSG) today announced that it will webcast a fireside chat at the TD Cowen Global Transportation Conference in Boston on Wednesday, September 6, 2023, at 1:40 p.m. Eastern Time.
Key Points:
- Air Transport Services Group, Inc. (Nasdaq: ATSG) today announced that it will webcast a fireside chat at the TD Cowen Global Transportation Conference in Boston on Wednesday, September 6, 2023, at 1:40 p.m. Eastern Time.
- TD Cowen equity analyst Helane Becker will lead a 30-minute fireside chat discussion with ATSG President and CEO Rich Corrado and VP & Controller Matt Fedders.
- Additionally, the management team will be conducting one-on-one meetings with investors in attendance of the conference.
- ATSG will offer a live audio webcast of the fireside chat discussion via a link on its investor relations website, https://www.atsginc.com/investors .
