Cargo airline sends new Boeing 767 freighters directly to storage [Yahoo! Finance]
Air Transport Services Group, Inc (ATSG)
Last air transport services group, inc earnings: 3/2 04:46 pm
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Source: Yahoo! Finance
there isn't enough business to operate them profitably despite the improved outlook for the global airfreight market, FreightWaves has learned. The decision represents the latest case of an all-cargo airline throttling back on fleet expansion plans made during the COVID crisis when a shortfall in shipping capacity sent rates through the roof and made freighters valuable assets. Northern Air Cargo, which serves communities in Alaska from its base in Anchorage, lost $12 million in the 12 months ended Sept. 30, according to data on airline performance metrics compiled by the U.S. Bureau of Transportation Statistics. The idled cargo jets wear the brands of sister companies Aloha Air Cargo and Miami-based StratAir. Northern Air Cargo operates planes on behalf of both businesses. The three companies are part of privately held Saltchuk, a diversified freight transportation, logistics and energy distribution conglomerate based in Seattle. In 2021 and 2022, Saltchuk's leasing subsidiar
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News
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- Ameriflight Appoints Patrick Fluegeman as New President and Chief Operating Officer [Yahoo! Finance]Yahoo! Finance
- Air Transport Services Group, Inc. (NASDAQ: ATSG) had its price target lowered by analysts at Truist Financial Co. from $20.00 to $14.00. They now have a "hold" rating on the stock.MarketBeat
- ATSG to Host First Quarter 2024 Investor Conference Call [Yahoo! Finance]Yahoo! Finance
- ATSG to Host First Quarter 2024 Investor Conference CallBusiness Wire
ATSG
Earnings
- 2/26/24 - Miss
ATSG
Sec Filings
- 4/19/24 - Form PX14A6G
- 4/17/24 - Form 4/A
- 4/11/24 - Form ARS
- ATSG's page on the SEC website