Earnings Call Summary | Air Transport Services(ATSG.US) Q1 2024 Earnings Conference
Earnings Call Summary | Air Transport Services(ATSG.US) Q1 2024 Earnings Conference
The following is a summary of the Air Transport Services Group, Inc. (ATSG) Q1 2024 Earnings Call Transcript:
以下是航空运输服务集团有限公司(ATSG)2024年第一季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
ATSG reported Q1 2024 revenues of $486 million, a decrease of $15 million or 20% year-over-year.
GAAP pre-tax earnings and diluted EPS reported at $12 million and $0.13 respectively, demonstrating a decrease from prior year's figures.
Adjusted pre-tax earnings dropped to $15 million while adjusted EPS dropped to $0.16.
Revenues from aircraft leasing witnessed a 7% decrease due to fewer cycles of 767-200 engine and increased interest expense and depreciation.
The ACMI Services segment reported a pre-tax loss of $3 million.
ATSG报告称,2024年第一季度收入为4.86亿美元,同比减少1500万美元,下降20%。
GAAP税前收益和摊薄后每股收益分别为1200万美元和0.13美元,较上年的数字有所下降。
调整后的税前收益降至1500万美元,调整后的每股收益降至0.16美元。
由于767-200发动机的周期减少以及利息支出和折旧的增加,飞机租赁收入下降了7%。
ACMI服务板块报告的税前亏损为300万美元。
Business Progress:
业务进展:
A contract extension for operating 10 additional Boeing 767-300 freighters has been agreed upon with Amazon, which could potentially increase to an additional 10 aircraft beyond 2024.
Agreement with Amazon extends flying agreement through 2029, with options extending it further to 2034.
Contract with ABX Air pilots ratified for extension until 2030.
4 Converted 767-300 freighters delivered to external customers in the quarter.
Expectation for 2024: Completion of conversion of 17 aircraft and acquisition of 4 additional feedstock aircraft; start-up of 10 Amazon-provided 767-300 aircraft.
ATSG is striving to become free cash flow positive by end of 2024 and is forecasting a $516 million guidance excluding other potential leases.
Emphasis on supporting e-commerce growth, aiming at sustained relations with Amazon and exploring growth opportunities in Asia.
Pursuing marketing initiatives for A321s and 767 aircraft, with delivery of the first Airbus 330s expected in Q4 2024.
已与亚马逊商定延长运营另外10架波音767-300货机的合同,该合同有可能在2024年之后增加到另外10架飞机。
与亚马逊的协议将飞行协议延长至2029年,另有选择权将其进一步延长至2034年。
与ABX航空飞行员签订的合同批准延长至2030年。
本季度有4架经过改装的767-300架货机交付给外部客户。
2024年的预期:完成17架飞机的改装,另外购买4架原料飞机;启动10架亚马逊提供的767-300飞机。
ATSG正在努力在2024年底之前实现自由现金流为正,并预计不包括其他潜在租约,预计将达到5.16亿美元。
重点支持电子商务的增长,旨在与亚马逊建立持续的关系,并探索亚洲的增长机会。
继续推行A321和767飞机的营销计划,预计首批空中客车330将于2024年第四季度交付。
More details: Air Transport Services IR
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