Key Developments: Air Transport Services Group Inc (ATSG.O)
6.15USD
17 May 2013
$-0.03 (-0.49%)
$6.18
$6.20
$6.20
$5.97
129,554
191,165
$6.26
$3.38
Latest Key Developments (Source: Significant Developments)
Air Transport Services Group Inc Reaffirms FY 2013 EBITDA Guidance
Air Transport Services Group Inc announced that for fiscal 2013, it expects to generate between $175 and $180 million in adjusted EBITDA. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $176 million for fiscal 2013. Full Article
Air Transport Services Group Inc's Subsidiaries Complete Merger
Air Transport Services Group Inc announced the completion of the merger of two of its airline subsidiaries, Air Transport International Inc. (ATI) and Capital Cargo International Airlines, Inc. (CCIA). The merger creates a single airline, ATI, with its headquarters in Little Rock, Ark., its operations center in Wilmington, Ohio, and its management team led by ATI President Dennis Manibusan. ATI currently operates 13 aircraft, including seven Boeing 767 freighters (five 767-200s and two 767-300s), three Boeing 757 freighters, and three DC-8 combi (combination passenger and main-deck cargo) aircraft. The three DC-8 combis are to be replaced soon with four Boeing 757 combis. Full Article
Air Transport Services Group Inc Issues FY 2013 EBITDA Guidance In Line With Analysts' Estimates
Air Transport Services Group Inc announced that for fiscal 2013, it expects to generate between $175 and $180 million in adjusted EBITDA. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $175 million for fiscal 2013. Full Article
Air Transport Services Group Inc Comments On H2, FY 2012 Guidance; Issues FY, Q4 2012 EBITDA Guidance Below Analysts' Estimates; Comments On FY 2013 Guidance
Air Transport Services Group Inc announced that it continues to project strong gains in its GAAP earnings for fiscal 2012 as a whole, improved results for the second half of 2012 versus the first half, and substantial growth in revenues, earnings and cash flow in fiscal 2013. It now expect Adjusted EBITDA for fiscal 2012 to approximate $160 million, including approximately $40 million in the fourth quarter. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $49 million for the fourth quarter of 2012; EBITDA of $169 million for fiscal 2012. Full Article
Air Transport Services Group Inc. Comments On H2 2012 Guidance
Air Transport Services Group Inc. announced that for the second half of 2012, it expects remains positive overall, as revenues, earnings and cash flow (as measured by Adjusted EBITDA), are all expected to improve compared with the first half of 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $169 million and EPS of $0.24 for the third quarter of 2012; revenue of $175 million and EPS of $0.26 for the fourth quarter of 2012. Full Article
Air Transport Services Group Inc.'s Subsidiary Contracts Qantas Airways Ltd For Purchase of Boeing 767-300 Aircraft
Air Transport Services Group, Inc. (ATSG) announced that its Cargo Aircraft Management Inc. (CAM) subsidiary has committed to purchase a Boeing 767-300-series extended-range aircraft from Qantas Airways Ltd. ATSG said it anticipates that CAM will take delivery of its fifth 767-300 aircraft from Qantas in the fourth quarter, and schedule it for conversion from passenger to standard freighter configuration by mid-year 2012. CAM owns four other Boeing 767-300 aircraft and 36 Boeing 767-200 aircraft, all of which are in service as standard freighters or undergoing conversion from passenger to freighter configuration. Full Article
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