Air Transport Services Swings To Loss Amid Weaker Demand [MarketWatch]
Air Transport Services Group, Inc (ATSG)
Last air transport services group, inc earnings: 3/2 04:46 pm
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US:NASDAQ Investor Relations:
atsginc.com/investor_relations.html
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Source: MarketWatch
The Wilmington, Ohio-based airplane-leasing provider posted a loss of $15 million, or 24 cents a share, in the quarter ended Dec. 31, compared with a profit of $42.7 million, or 50 cents a share, a year earlier. Analysts polled by FactSet expected per-share earnings of 26 cents. Advertisement Stripping out certain one-time items, adjusted per-share earnings came to 18 cents, below the 28 cents forecast by analysts, according to FactSet. Revenue fell 3% to $517 million, missing the $532.4 million expected by analysts polled by FactSet. Chief Executive Joe Hete said the company saw lower demand in its leasing segment and in its passenger airline operations. Air Transport Services expects adjusted profit of 55 cents to 80 cents a share in 2024, compared with the $1.58 a share expected by analysts polled by FactSet. Write to Ben Glickman at ben.glickman@wsj.com
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News
- 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
- Cargo airline sends new Boeing 767 freighters directly to storage [Yahoo! Finance]Yahoo! Finance
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