ATSG - Air Transport Services Group Inc. (ATSG) Q1 2024 Earnings Call Transcript
2024-05-07 16:04:09 ET
Air Transport Services Group, Inc. (ATSG)
Q1 2024 Earnings Conference Call
May 7, 2024 10:00 ET
Company Participants
Joe Payne - Chief Legal Officer
Joe Hete - Chairman and Chief Executive Officer
Quint Turner - Chief Financial Officer
Conference Call Participants
Helane Becker - TD Cowen
Frank Galanti - Stifel
Christopher Stathoulopoulos - SIG
Michael Ciarmoli - Truist Securities
Isaac Sellhausen - Oppenheimer
Presentation
Operator
Good day and thank you for standing by. Welcome to the Q1 2024 Air Transport Services Group, Inc. Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to hand the conference over to your speaker today, Joe Payne, Chief Legal Officer.
Joe Payne
Good morning and welcome to our first quarter 2024 earnings conference call. We issued our earnings release yesterday after the market closed. It’s on our website at atsginc.com.
Let me begin by advising you that during the course of this call, we will make projections and other forward-looking statements that involve risks and uncertainties. Our actual results and other future events may differ materially from those we describe here. These forward-looking statements are based on information, plans and estimates as of the date of this call. Air Transport Services Group undertakes no obligation to update any forward-looking statements to reflect changes in underlying assumptions, factors, new information or other changes. These factors include, but are not limited to, unplanned changes in the market demand for our assets and services, including the loss of customers or a reduction in the level of services we perform for customers; our operating airline’s ability to maintain on-time service and control costs; the cost and timing with respect to which we were able to purchase and modify aircraft to a cargo configuration; fluctuations in ATSG’s traded share price and in interest rates, which may result in mark-to-market charges on certain financial instruments; the number, timing and scheduled routes of our aircraft deployments to customers; our ability to remain in compliance with key agreements with customers, lenders and government agencies; the impact of current supply chain constraints, both within and outside the U.S., which may be more severe or persist longer than we currently expect; the impact of the current competitive labor market; changes in general economic and/or industry-specific conditions, including inflation and regulatory changes; the impact of geopolitical tensions or conflicts and human health crisis, and other factors as contained from time to time in our filings with the SEC, including the Form 10-Q to be filed this week.
We will also refer to non-GAAP financial measures from continuing operations, including adjusted earnings, adjusted earnings per share, adjusted pretax earnings, adjusted EBITDA, free cash flow and adjusted free cash flow. Management believes these metrics are useful to investors in assessing ATSG’s financial position and results. These non-GAAP measures are not meant to be a substitute for our GAAP financials. We advise you to refer to the reconciliations to GAAP measures, which are included in our earnings release and on our website....
Air Transport Services Group, Inc. (ATSG) Q1 2024 Earnings Call Transcript