Company Quick10K Filing
Air Transport Services
10-Q 2020-03-31 Filed 2020-05-11
10-K 2019-12-31 Filed 2020-03-02
10-Q 2019-09-30 Filed 2019-11-07
10-Q 2019-06-30 Filed 2019-08-06
10-Q 2019-03-31 Filed 2019-05-10
10-K 2018-12-31 Filed 2019-03-01
10-Q 2018-09-30 Filed 2018-11-02
10-Q 2018-06-30 Filed 2018-08-08
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-31 Filed 2018-03-01
10-Q 2017-09-30 Filed 2017-11-09
10-Q 2017-06-30 Filed 2017-08-08
10-Q 2017-03-31 Filed 2017-05-08
10-K 2016-12-31 Filed 2017-03-08
10-Q 2016-09-30 Filed 2016-11-07
10-Q 2016-06-30 Filed 2016-08-08
10-Q 2016-03-31 Filed 2016-05-10
10-K 2015-12-31 Filed 2016-03-14
10-Q 2015-09-30 Filed 2015-11-06
10-Q 2015-06-30 Filed 2015-08-07
10-Q 2015-03-31 Filed 2015-05-08
10-K 2014-12-31 Filed 2015-03-09
10-Q 2014-09-30 Filed 2014-11-05
10-Q 2014-06-30 Filed 2014-08-05
10-Q 2014-03-31 Filed 2014-05-12
10-K 2013-12-31 Filed 2014-03-10
10-Q 2013-09-30 Filed 2013-11-06
10-Q 2013-06-30 Filed 2013-08-08
10-Q 2013-03-31 Filed 2013-05-08
10-K 2012-12-31 Filed 2013-03-04
10-Q 2012-09-30 Filed 2012-11-08
10-Q 2012-06-30 Filed 2012-08-02
10-Q 2012-03-31 Filed 2012-05-10
10-K 2011-12-31 Filed 2012-03-05
10-Q 2011-09-30 Filed 2011-11-07
10-Q 2011-06-30 Filed 2011-08-03
10-Q 2011-03-31 Filed 2011-05-10
10-K 2010-12-31 Filed 2011-03-08
10-Q 2010-09-30 Filed 2010-11-03
10-Q 2010-06-30 Filed 2010-08-04
10-Q 2010-03-31 Filed 2010-05-10
10-K 2009-12-31 Filed 2010-03-31
8-K 2020-05-06 Officers, Shareholder Vote
8-K 2020-05-05 Earnings, Exhibits
8-K 2020-03-20 Amend Bylaw, Exhibits
8-K 2020-03-02 Earnings, Exhibits
8-K 2020-02-19 Officers, Exhibits
8-K 2020-02-11 Earnings, Exhibits
8-K 2020-01-28 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2020-01-16 Other Events, Exhibits
8-K 2020-01-13 Regulation FD, Exhibits
8-K 2019-11-14 Earnings, Exhibits
8-K 2019-11-04 Enter Agreement, Earnings, Off-BS Arrangement, Exhibits
8-K 2019-10-03 Officers
8-K 2019-09-09 Officers, Exhibits
8-K 2019-08-28 Earnings, Exhibits
8-K 2019-08-05 Earnings, Exhibits
8-K 2019-05-24 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-05-08 Officers, Amend Bylaw, Shareholder Vote, Exhibits
8-K 2019-05-07 Earnings, Exhibits
8-K 2019-03-20 Earnings, Exhibits
8-K 2019-02-27 Earnings, Exhibits
8-K 2019-02-20 Officers, Regulation FD, Exhibits
8-K 2019-02-13 Earnings, Exhibits
8-K 2018-12-20 Enter Agreement, Sale of Shares
8-K 2018-11-15 Earnings, Exhibits
8-K 2018-11-09 Enter Agreement, M&A, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-11-06 Earnings, Exhibits
8-K 2018-11-01 Earnings, Exhibits
8-K 2018-10-02 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-08-06 Earnings, Exhibits
8-K 2018-06-14 Officers, Regulation FD, Exhibits
8-K 2018-05-10 Earnings, Exhibits
8-K 2018-05-10 Officers, Shareholder Vote
8-K 2018-05-07 Earnings, Exhibits
8-K 2018-03-21 Earnings, Exhibits
8-K 2018-03-19 Amend Bylaw, Exhibits
8-K 2018-02-27 Earnings, Exhibits
8-K 2018-02-13 Earnings, Exhibits
8-K 2018-01-25 Earnings, Exhibits
8-K 2015-08-19 Earnings, Regulation FD, Exhibits
8-K 2015-08-05 Earnings, Code of Ethics, Exhibits
8-K 2015-05-07 Enter Agreement, Off-BS Arrangement, Officers, Shareholder Vote, Regulation FD, Exhibits
8-K 2015-05-05 Earnings, Exhibits
8-K 2015-04-15 Earnings, Regulation FD, Exhibits
8-K 2015-03-05 Earnings, Exhibits
8-K 2015-02-27 Officers
8-K 2015-02-10 Earnings, Regulation FD, Exhibits
8-K 2015-01-14 Enter Agreement, Exhibits

Air Transport Services Financials

ATSG Metrics, Comps, Filings

Quarterly | Annual

Business

Air Transport Services Group, Inc. leases aircraft and provides airline operations, ground services, aircraft modification and maintenance services, and other support services to the air transportation and logistics industries. Through the Company's subsidiaries, we offer a range of complementary services to delivery businesses, freight forwarders, airlines and government customers. (When the context requires, we may use the terms "Company" and "ATSG" in this report to refer to the business of ATSG and its subsidiaries on a consolidated basis.) We offer standalone services along with bundled, customized solutions, scalable to our customers' needs. Our services are summarized below.

Aircraft leasing: We lease aircraft through the Company's leasing subsidiary, Cargo Aircraft Management, Inc. ("CAM"). CAM's fleet consists of Boeing 737, 757 and 767 cargo aircraft, Boeing 767 and 777 passenger aircraft and Boeing 757 "combi" aircraft which simultaneously carry passengers and cargo on the main deck. CAM services global demand for cargo airlift by offering Boeing 767, 757 and 737 aircraft leases. CAM is able to provide competitive lease rates by converting passenger aircraft into cargo freighters. CAM monitors the market for available passenger aircraft, typically 15 to 20 years beyond their original manufacture date. After evaluation of an aircraft's condition and technical specifications, CAM acquires passenger aircraft that meet its requirements for projected into-service costs and rate of return targets. After conversion to freighter configuration, CAM's aircraft can be deployed into markets more economically than newly built freighters. CAM's aircraft leases are typically under multi-year agreements.

Airline operations: We offer combinations of aircraft, crews, maintenance and insurance services to provide customized transportation capacity to our customers. ATSG wholly owns three airlines, ABX Air, Inc. ("ABX"), Air Transport International, Inc. ("ATI"), and Omni Air International, LLC ("OAI") which are each independently certificated by the U.S. Department of Transportation and separately offer services to customers. ABX operates Boeing 767 freighter aircraft, ATI operates Boeing 767 and 757 freighter and Boeing 757 combi aircraft and OAI operates Boeing 767 and 777 passenger aircraft.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Azul (AZUL) 25,351 46% 28.4 -3% 2,948 2,157 8,149 3,714 -81 889 25,239
United Continental (UAL) 21,683 58% 4.8 6% 52,611 41,080 43,259 25,181 3,010 6,935 33,548
American Airlines Group (AAL) 12,819 55% 6.1 3% 59,995 60,113 45,768 24,980 1,686 5,331 32,691
Alaska Air Group (ALK) 8,498 59% 5.6 6% 12,993 8,662 8,781 5,152 769 1,517 8,482
Jetblue Airways (JBLU) 5,642 62% 4.9 5% 11,918 7,119 8,093 5,054 569 1,372 6,681
Skywest (SKYW) 2,946 13% 12.5 0% 6,598 4,481 3,032 387 0 451 5,647
Life Time Fitness (LTM) 2,775 9% 11.8 4% 2,729 1,599 1,310 124 111 333 3,942
Spirit Airlines (SAVE) 2,489 0% 6.4 5% 6,575 4,395 3,724 0 346 585 3,757
Allegiant Travel (ALGT) 2,391 0% 8.8 6% 2,834 2,008 1,380 0 172 398 3,496
Air Transport Services (ATSG) 1,508 0% 8.3 4% 2,745 2,264 1,330 0 101 350 2,913
Hawaiian Holdings (HA) 1,251 71% 4.1 4% 4,065 2,998 2,822 2,004 174 356 1,444
Mesa Air (MESA) 241 0% 5.3 3% 1,452 1,026 723 0 48 197 1,051
Air T (AIRT) 42 0% 3.6 7% 143 109 246 0 10 25 91
EHang Holdings (EH)
Copa Holdings (CPA) 0% 4,087 2,247 0 0 0 0 -0
China Southern Airlines (ZNH) 0% 246,949 168,480 0 0 0 0 -6,909
Avianca Holdings (AVH) 0% 7,119 6,126 0 0 0 0 -265
Ryanair Holdings (RYAAY) 0% 13,251 8,036 0 0 0 0 -35
Volaris (VLRS) 0% 22,311 13,139 0 0 0 0 -0
China Eastern Airlines (CEA) 0% 239,017 177,416 0 0 0 0 -0

Balance Sheet ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash38293152482815352117322724333121221518402547162863543347324359495547
Accounts Receivable484242364041484344465251573644453739585852667784756610910010194148134129136
Inventory799999998991110121110111213141514201816172222242434333633
PP&E7287427497761,1271,1691,2031,2621,2721,2861,2901,2931,3011,3631,3631,3981,4161,4501,4871,5511,6021,6601,7321,8121,8561,9252,0042,0452,1022,1642,5012,5722,6972,801
Assets9659589941,0161,0171,0261,0361,0891,0711,0661,0331,0281,0241,0491,0321,0281,0251,0341,0421,1381,1521,2151,2591,3411,3851,4871,5491,5681,5171,5532,4712,6322,7032,745
Accounts Payable
Long-Term Debt3033233343533633583644103893923853753523723443373153093183723654494595085284935165305215421,4011,4081,4421,452
Liabilities6456437247387267217367807547396646526396546846716576626787307848929271,0001,1051,1951,1541,1591,0821,0822,0342,2412,3332,264
Stockholders' Equity320315270278291304299309318327369376385395347357368371364408368323332341280292395408436471436391371481
Income Statement ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue193195166146154154155143139141157144152138158147148142182177177193222238253254323203204205281348335366
Cost of Revenue
Gross Profit
R&D
SG&A
Tax7-00477054554564674747116571556010
Net Income12-5136221112878-437101049117158122210-54-339516253323-27105
Cash Flow ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating282943222224311713332234524139573740445346494481664469735910710298
Cash Investing-60-40-45-22-38-45-59-12-24200-19-18-67-20-43-32-34-42-72-53-57-87-80-55-81-83-65-74-66-108-127-112
Cash Financing221223-4-4848-196-9-7-1924-25-6-24-10550-14337471051811-1519-10317