Intrinsic value of Air Transport Services Group - ATSG

Previous Close

$23.75

  Intrinsic Value

$14.81

stock screener

  Rating & Target

sell

-38%

Previous close

$23.75

 
Intrinsic value

$14.81

 
Up/down potential

-38%

 
Rating

sell

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of ATSG stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

Please visit our new site that uses elements of artificial intelligence for stock valuation: artificial intelligence value of Air Transport Services Group (ATSG) stock.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  24.23
  31.60
  28.94
  26.55
  24.39
  22.45
  20.71
  19.14
  17.72
  16.45
  15.31
  14.27
  13.35
  12.51
  11.76
  11.09
  10.48
  9.93
  9.44
  8.99
  8.59
  8.23
  7.91
  7.62
  7.36
  7.12
  6.91
  6.72
  6.55
  6.39
  6.25
Revenue, $m
  769
  1,012
  1,305
  1,651
  2,054
  2,515
  3,036
  3,617
  4,258
  4,959
  5,717
  6,534
  7,406
  8,332
  9,312
  10,345
  11,428
  12,563
  13,749
  14,985
  16,273
  17,613
  19,006
  20,454
  21,959
  23,523
  25,148
  26,838
  28,595
  30,422
  32,325
Variable operating expenses, $m
 
  891
  1,148
  1,452
  1,805
  2,210
  2,667
  3,177
  3,739
  4,353
  5,019
  5,731
  6,496
  7,309
  8,169
  9,074
  10,025
  11,020
  12,060
  13,145
  14,274
  15,449
  16,672
  17,942
  19,262
  20,634
  22,060
  23,542
  25,083
  26,686
  28,355
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  705
  891
  1,148
  1,452
  1,805
  2,210
  2,667
  3,177
  3,739
  4,353
  5,019
  5,731
  6,496
  7,309
  8,169
  9,074
  10,025
  11,020
  12,060
  13,145
  14,274
  15,449
  16,672
  17,942
  19,262
  20,634
  22,060
  23,542
  25,083
  26,686
  28,355
Operating income, $m
  64
  121
  157
  199
  249
  305
  369
  441
  519
  605
  698
  802
  910
  1,023
  1,144
  1,270
  1,404
  1,543
  1,688
  1,840
  1,998
  2,163
  2,334
  2,512
  2,697
  2,889
  3,088
  3,296
  3,512
  3,736
  3,970
EBITDA, $m
  204
  302
  389
  492
  613
  750
  905
  1,079
  1,270
  1,479
  1,705
  1,949
  2,209
  2,485
  2,777
  3,085
  3,408
  3,747
  4,100
  4,469
  4,853
  5,253
  5,668
  6,100
  6,549
  7,015
  7,500
  8,004
  8,528
  9,073
  9,641
Interest expense (income), $m
  11
  19
  29
  41
  55
  72
  91
  113
  137
  163
  192
  224
  258
  294
  332
  373
  415
  460
  507
  557
  608
  661
  717
  774
  834
  897
  962
  1,029
  1,099
  1,172
  1,248
Earnings before tax, $m
  34
  102
  128
  158
  193
  233
  278
  328
  383
  442
  506
  579
  652
  730
  812
  898
  988
  1,083
  1,181
  1,284
  1,391
  1,502
  1,617
  1,738
  1,862
  1,992
  2,127
  2,267
  2,413
  2,564
  2,722
Tax expense, $m
  13
  28
  35
  43
  52
  63
  75
  89
  103
  119
  137
  156
  176
  197
  219
  242
  267
  292
  319
  347
  375
  405
  437
  469
  503
  538
  574
  612
  651
  692
  735
Net income, $m
  23
  74
  93
  116
  141
  170
  203
  239
  279
  323
  370
  422
  476
  533
  592
  655
  721
  790
  862
  937
  1,015
  1,096
  1,181
  1,268
  1,359
  1,454
  1,553
  1,655
  1,761
  1,872
  1,987

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  16
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,259
  1,635
  2,108
  2,668
  3,318
  4,063
  4,905
  5,843
  6,879
  8,011
  9,237
  10,555
  11,964
  13,461
  15,044
  16,712
  18,463
  20,296
  22,211
  24,208
  26,289
  28,453
  30,704
  33,043
  35,475
  38,001
  40,627
  43,356
  46,195
  49,148
  52,221
Adjusted assets (=assets-cash), $m
  1,243
  1,635
  2,108
  2,668
  3,318
  4,063
  4,905
  5,843
  6,879
  8,011
  9,237
  10,555
  11,964
  13,461
  15,044
  16,712
  18,463
  20,296
  22,211
  24,208
  26,289
  28,453
  30,704
  33,043
  35,475
  38,001
  40,627
  43,356
  46,195
  49,148
  52,221
Revenue / Adjusted assets
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
Average production assets, $m
  945
  1,243
  1,602
  2,028
  2,522
  3,089
  3,728
  4,442
  5,229
  6,089
  7,021
  8,023
  9,094
  10,232
  11,436
  12,703
  14,034
  15,428
  16,883
  18,402
  19,983
  21,628
  23,339
  25,117
  26,965
  28,886
  30,882
  32,957
  35,114
  37,359
  39,695
Working capital, $m
  -23
  -13
  -17
  -21
  -27
  -33
  -39
  -47
  -55
  -64
  -74
  -85
  -96
  -108
  -121
  -134
  -149
  -163
  -179
  -195
  -212
  -229
  -247
  -266
  -285
  -306
  -327
  -349
  -372
  -395
  -420
Total debt, $m
  548
  819
  1,166
  1,576
  2,053
  2,599
  3,216
  3,904
  4,663
  5,493
  6,391
  7,358
  8,391
  9,488
  10,648
  11,871
  13,154
  14,498
  15,902
  17,366
  18,891
  20,477
  22,127
  23,842
  25,624
  27,476
  29,400
  31,401
  33,482
  35,646
  37,899
Total liabilities, $m
  927
  1,198
  1,545
  1,955
  2,432
  2,978
  3,595
  4,283
  5,042
  5,872
  6,770
  7,737
  8,770
  9,867
  11,027
  12,250
  13,533
  14,877
  16,281
  17,745
  19,270
  20,856
  22,506
  24,221
  26,003
  27,855
  29,779
  31,780
  33,861
  36,025
  38,278
Total equity, $m
  332
  437
  563
  712
  886
  1,085
  1,310
  1,560
  1,837
  2,139
  2,466
  2,818
  3,194
  3,594
  4,017
  4,462
  4,930
  5,419
  5,930
  6,464
  7,019
  7,597
  8,198
  8,823
  9,472
  10,146
  10,847
  11,576
  12,334
  13,122
  13,943
Total liabilities and equity, $m
  1,259
  1,635
  2,108
  2,667
  3,318
  4,063
  4,905
  5,843
  6,879
  8,011
  9,236
  10,555
  11,964
  13,461
  15,044
  16,712
  18,463
  20,296
  22,211
  24,209
  26,289
  28,453
  30,704
  33,044
  35,475
  38,001
  40,626
  43,356
  46,195
  49,147
  52,221
Debt-to-equity ratio
  1.651
  1.880
  2.070
  2.210
  2.320
  2.400
  2.460
  2.500
  2.540
  2.570
  2.590
  2.610
  2.630
  2.640
  2.650
  2.660
  2.670
  2.680
  2.680
  2.690
  2.690
  2.700
  2.700
  2.700
  2.710
  2.710
  2.710
  2.710
  2.710
  2.720
  2.720
Adjusted equity ratio
  0.254
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267
  0.267

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  23
  74
  93
  116
  141
  170
  203
  239
  279
  323
  370
  422
  476
  533
  592
  655
  721
  790
  862
  937
  1,015
  1,096
  1,181
  1,268
  1,359
  1,454
  1,553
  1,655
  1,761
  1,872
  1,987
Depreciation, amort., depletion, $m
  140
  181
  233
  293
  364
  445
  536
  638
  751
  874
  1,007
  1,146
  1,299
  1,462
  1,634
  1,815
  2,005
  2,204
  2,412
  2,629
  2,855
  3,090
  3,334
  3,588
  3,852
  4,127
  4,412
  4,708
  5,016
  5,337
  5,671
Funds from operations, $m
  176
  256
  326
  409
  505
  615
  739
  878
  1,030
  1,196
  1,376
  1,569
  1,775
  1,994
  2,226
  2,470
  2,726
  2,994
  3,274
  3,566
  3,870
  4,186
  4,515
  4,857
  5,212
  5,581
  5,964
  6,363
  6,778
  7,209
  7,658
Change in working capital, $m
  -17
  -3
  -4
  -5
  -5
  -6
  -7
  -8
  -8
  -9
  -10
  -11
  -11
  -12
  -13
  -13
  -14
  -15
  -15
  -16
  -17
  -17
  -18
  -19
  -20
  -20
  -21
  -22
  -23
  -24
  -25
Cash from operations, $m
  193
  259
  330
  413
  510
  621
  746
  885
  1,038
  1,205
  1,386
  1,579
  1,786
  2,006
  2,239
  2,484
  2,740
  3,009
  3,289
  3,582
  3,887
  4,204
  4,533
  4,875
  5,231
  5,601
  5,985
  6,385
  6,800
  7,233
  7,683
Maintenance CAPEX, $m
  0
  -135
  -178
  -229
  -290
  -360
  -441
  -533
  -635
  -747
  -870
  -1,003
  -1,146
  -1,299
  -1,462
  -1,634
  -1,815
  -2,005
  -2,204
  -2,412
  -2,629
  -2,855
  -3,090
  -3,334
  -3,588
  -3,852
  -4,127
  -4,412
  -4,708
  -5,016
  -5,337
New CAPEX, $m
  -264
  -298
  -360
  -425
  -495
  -566
  -640
  -713
  -787
  -860
  -932
  -1,002
  -1,071
  -1,138
  -1,203
  -1,268
  -1,331
  -1,393
  -1,456
  -1,518
  -1,581
  -1,645
  -1,711
  -1,778
  -1,848
  -1,920
  -1,996
  -2,075
  -2,158
  -2,245
  -2,336
Cash from investing activities, $m
  -269
  -433
  -538
  -654
  -785
  -926
  -1,081
  -1,246
  -1,422
  -1,607
  -1,802
  -2,005
  -2,217
  -2,437
  -2,665
  -2,902
  -3,146
  -3,398
  -3,660
  -3,930
  -4,210
  -4,500
  -4,801
  -5,112
  -5,436
  -5,772
  -6,123
  -6,487
  -6,866
  -7,261
  -7,673
Free cash flow, $m
  -76
  -174
  -207
  -241
  -274
  -305
  -335
  -361
  -383
  -402
  -416
  -426
  -431
  -431
  -426
  -418
  -405
  -389
  -370
  -348
  -323
  -297
  -268
  -237
  -205
  -172
  -137
  -102
  -65
  -28
  10
Issuance/(repayment) of debt, $m
  141
  287
  347
  410
  477
  546
  617
  688
  759
  829
  899
  966
  1,033
  1,097
  1,160
  1,222
  1,283
  1,344
  1,404
  1,464
  1,525
  1,587
  1,650
  1,715
  1,782
  1,852
  1,925
  2,001
  2,081
  2,164
  2,253
Issuance/(repurchase) of shares, $m
  -64
  30
  33
  34
  33
  29
  22
  11
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  75
  317
  380
  444
  510
  575
  639
  699
  759
  829
  899
  966
  1,033
  1,097
  1,160
  1,222
  1,283
  1,344
  1,404
  1,464
  1,525
  1,587
  1,650
  1,715
  1,782
  1,852
  1,925
  2,001
  2,081
  2,164
  2,253
Total cash flow (excl. dividends), $m
  -1
  143
  172
  203
  236
  269
  304
  338
  376
  428
  483
  540
  602
  667
  734
  805
  878
  954
  1,034
  1,116
  1,201
  1,290
  1,382
  1,478
  1,577
  1,680
  1,788
  1,899
  2,015
  2,136
  2,262
Retained Cash Flow (-), $m
  32
  -105
  -126
  -149
  -174
  -199
  -225
  -251
  -277
  -302
  -327
  -352
  -376
  -400
  -423
  -445
  -467
  -489
  -511
  -533
  -555
  -578
  -601
  -625
  -649
  -675
  -701
  -729
  -758
  -788
  -821
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  39
  46
  54
  62
  70
  79
  88
  99
  126
  156
  188
  226
  267
  311
  359
  411
  465
  522
  583
  646
  712
  781
  853
  928
  1,006
  1,087
  1,170
  1,257
  1,348
  1,442
Discount rate, %
 
  7.30
  7.67
  8.05
  8.45
  8.87
  9.32
  9.78
  10.27
  10.79
  11.32
  11.89
  12.49
  13.11
  13.77
  14.45
  15.18
  15.93
  16.73
  17.57
  18.45
  19.37
  20.34
  21.35
  22.42
  23.54
  24.72
  25.96
  27.25
  28.62
  30.05
PV of cash for distribution, $m
 
  36
  40
  43
  45
  46
  46
  46
  45
  50
  53
  55
  55
  54
  51
  47
  43
  38
  32
  27
  22
  17
  13
  10
  7
  5
  3
  2
  1
  1
  1
Current shareholders' claim on cash, %
  100
  97.9
  96.2
  94.8
  93.8
  93.1
  92.6
  92.4
  92.4
  92.4
  92.4
  92.4
  92.4
  92.4
  92.4
  92.4
  92.4
  92.4
  92.4
  92.4
  92.4
  92.4
  92.4
  92.4
  92.4
  92.4
  92.4
  92.4
  92.4
  92.4
  92.4

Air Transport Services Group, Inc. (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations. Its segments include ACMI Services and CAM. Through its subsidiaries, it offers a range of complementary services to delivery companies, freight forwarders, airlines and government customers. Its leasing subsidiary, Cargo Aircraft Management, Inc. (CAM) leases cargo aircraft to its airlines, as well as to non-affiliated airlines and other lessees. Airborne Global Solutions, Inc. (AGS) is its subsidiary that assists the Company's businesses in marketing plans and provides sales leads to its subsidiaries by identifying customers' business and operational requirements. It owns two airlines, ABX Air, Inc. (ABX) and Air Transport International, Inc. (ATI).

FINANCIAL RATIOS  of  Air Transport Services Group (ATSG)

Valuation Ratios
P/E Ratio 61.4
Price to Sales 1.8
Price to Book 4.3
Price to Tangible Book
Price to Cash Flow 7.3
Price to Free Cash Flow -19.9
Growth Rates
Sales Growth Rate 24.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 66%
Cap. Spend. - 3 Yr. Gr. Rate 18.5%
Financial Strength
Quick Ratio 1
Current Ratio 0
LT Debt to Equity 156.3%
Total Debt to Equity 165.1%
Interest Coverage 4
Management Effectiveness
Return On Assets 2.6%
Ret/ On Assets - 3 Yr. Avg. 3.7%
Return On Total Capital 2.9%
Ret/ On T. Cap. - 3 Yr. Avg. 4.4%
Return On Equity 6.6%
Return On Equity - 3 Yr. Avg. 8.8%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 56.8%
Gross Margin - 3 Yr. Avg. 59.4%
EBITDA Margin 24.1%
EBITDA Margin - 3 Yr. Avg. 28.6%
Operating Margin 8.3%
Oper. Margin - 3 Yr. Avg. 10.4%
Pre-Tax Margin 4.4%
Pre-Tax Margin - 3 Yr. Avg. 7.8%
Net Profit Margin 3%
Net Profit Margin - 3 Yr. Avg. 4.9%
Effective Tax Rate 38.2%
Eff/ Tax Rate - 3 Yr. Avg. 38.3%
Payout Ratio 0%

ATSG stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ATSG stock intrinsic value calculation we used $769 million for the last fiscal year's total revenue generated by Air Transport Services Group. The default revenue input number comes from 2016 income statement of Air Transport Services Group. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ATSG stock valuation model: a) initial revenue growth rate of 31.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 7.3%, whose default value for ATSG is calculated based on our internal credit rating of Air Transport Services Group, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Air Transport Services Group.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ATSG stock the variable cost ratio is equal to 88.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for ATSG stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Air Transport Services Group.

Corporate tax rate of 27% is the nominal tax rate for Air Transport Services Group. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ATSG stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ATSG are equal to 122.8%.

Life of production assets of 7 years is the average useful life of capital assets used in Air Transport Services Group operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ATSG is equal to -1.3%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $332 million for Air Transport Services Group - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 58.773 million for Air Transport Services Group is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Air Transport Services Group at the current share price and the inputted number of shares is $1.4 billion.

RELATED COMPANIES Price Int.Val. Rating
FDX FedEx 244.19 416.49  str.buy
AIRT Air T 27.44 53.23  str.buy
UPS United Parcel 106.40 90.56  sell
AAWW Atlas Air Worl 55.35 14.54  str.sell
SINO Sino-Global Sh 2.18 0.46  str.sell
DAL Delta Air Line 52.85 234.52  str.buy

COMPANY NEWS

▶ ATI Reaches Tentative Agreement with Pilots Union   [Feb-02-18 05:04PM  Business Wire]
▶ New Strong Buy Stocks for January 31st   [Jan-31-18 09:36AM  Zacks]
▶ Amazon.com, Inc. May Make a Big Transportation Buy Soon   [Nov-22-17 10:06AM  InvestorPlace]
▶ Air Transport Services reports 3Q loss   [Nov-06-17 06:21PM  Associated Press]
▶ Dry-Leasing Drives ATSG Operating Gains   [04:25PM  Business Wire]
▶ ATSG to Host Third Quarter 2017 Conference Call   [Oct-30-17 04:01PM  Business Wire]
▶ Here are the top 10 Cincinnati stocks so far this year: SLIDESHOW   [Oct-10-17 04:56PM  American City Business Journals]
▶ New Strong Sell Stocks for October 6th   [Oct-06-17 09:17AM  Zacks]
▶ ATSG Elects Ray Johns to Board of Directors   [Oct-05-17 04:43PM  Business Wire]
▶ This week in N.Y.C. funding news: Bodega, Genvid, EEVO, Call9   [Sep-15-17 03:21PM  American City Business Journals]
▶ Corrado Elected Chief Operating Officer of ATSG   [Sep-11-17 04:05PM  Business Wire]
▶ Air Transport Services reports 2Q loss   [Aug-07-17 10:56PM  Associated Press]
▶ ATSG to Host Second Quarter 2017 Conference Call   [Jul-28-17 09:15AM  Business Wire]
▶ Amazon Prime Air pilots protest   [03:51PM  American City Business Journals]
▶ ATSG Holds Annual Meeting of Shareholders   [11:45AM  Business Wire]
▶ Air Transport Services beats Street 1Q forecasts   [May-03-17 07:17PM  Associated Press]
▶ ATSG to Host First Quarter 2017 Conference Call   [Apr-28-17 02:30PM  Business Wire]
▶ Post Earnings Coverage as FedEx Revenue Jumped 18%   [Mar-30-17 08:15AM  Accesswire]
▶ Amazon's air force is hiring to fill aerospace jobs in Seattle   [Mar-15-17 06:15PM  at bizjournals.com]
▶ Amazon's air force is hiring to fill aerospace jobs in Seattle   [06:15PM  American City Business Journals]
▶ New Strong Sell Stocks for March 10th   [Mar-10-17 08:50AM  Zacks]
▶ Air Transport Services misses 4Q profit forecasts   [Mar-06-17 04:52PM  Associated Press]
▶ ATSG to Host Fourth Quarter 2016 Conference Call   [Mar-02-17 01:42PM  Business Wire]
▶ After Amazon heads to Cincinnati, Wilmington site to lay off 335   [Feb-28-17 09:15AM  at bizjournals.com]
Financial statements of ATSG
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.