In a recent SEC filing, it was revealed that Michael L Berger, President at Air Transport Services Gr (NASDAQ:ATSG), made a noteworthy insider purchase on April 17,.
What Happened: Berger's recent purchase of 49,200 shares of Air Transport Services Gr, disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, reflects confidence in the company's potential. The total transaction value is $599,748.
Monitoring the market, Air Transport Services Gr's shares up by 3.07% at $12.83 during Thursday's morning.
Get to Know Air Transport Services Gr Better
Air Transport Services Group Inc along with its subsidiaries operates within the airfreight and logistics industry. It leases aircraft and provides airline operations, ground services, aircraft modification and maintenance, and other support services mainly to the cargo transportation and package delivery industries. The company has two reportable segments namely Cargo Aircraft Management and ACMI Services (Aircraft, Crew, Maintenance, and Insurance). It generates a majority of its revenue from the ACMI services segment.
Air Transport Services Gr: Delving into Financials
Negative Revenue Trend: Examining Air Transport Services Gr's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -3.0% in revenue growth, reflecting a decrease in ...