Air Transport Services (ATSG) Stock

WILMINGTON, Ohio--(BUSINESS WIRE)--ATSG announced that its subsidiary Airborne Global Leasing has delivered a Boeing 767 freighter under a long-term lease agreement with CAMEX Airlines.

Air Transport Services' third-quarter 2024 earnings and revenues decrease year over year.

While the top- and bottom-line numbers for Air Transport Services (ATSG) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Air Transport Services (ATSG) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.32 per share a year ago.

WILMINGTON, Ohio--(BUSINESS WIRE)--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 third quarter ended September 30, 2024. Those results, as compared with the same period in 2023, were as follows: Third Quarter Results Revenues of $471 million, versus $523 million GAAP Loss per Share from Continuing Operations of ($0.0.

Air Transport Services Group's third-quarter results are expected to be boosted by robust cost-cutting initiatives and a strong demand scenario.

NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Air Transport Services Group, Inc. (Nasdaq: ATSG ), relating to a proposed merger with Stonepeak Nile Parent LLC. Under the terms of the agreement, Air Transport Services Group shareholders will receive $22.50 per share of Air Transport Services Group Common Stock they own.

Here is how Air Transport Services (ATSG) and Corporacion America Airports S.A. (CAAP) have performed compared to their sector so far this year.

Air Transport Services (ATSG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.