Omni Air
02-28-2024, 12:39 AM
#4231
Gets Weekends Off
Joined APC: May 2021
Posts: 321
Originally Posted by HeavyDriver
Based on the ATSG 4th quarter earnings call in today, Joey Hete has no real plan for growth. Only cost cutting as a control for poor management decisions. I also hear another senior Checkairman and a retired pilot instructor have left the training department, and 4 B-777 Captains are leaving in March with NO upgrade bids being posted. A slow "death do us part" vow for those who stay, and "you were warned" to those that come into this relationship.
02-28-2024, 12:15 PM
#4232
Gets Weekends Off
Joined APC: Feb 2014
Position: Semi-Retired...
Posts: 3,137
Per ATSG website:
Fourth Quarter Results
• Revenues $517 million, down 3%
• GAAP Loss per Share (basic) from Continuing Operations $0.24, down $0.82
• GAAP Pretax Loss from Continuing Operations $15.6 million, including $24.4 million non-
cash settlement expense associated with the partial termination of a pension plan
• Adjusted Pretax* Earnings $19.8 million, down 69%
• Adjusted EPS* $0.18, down $0.35
• Adjusted EBITDA* $129.9 million, down 20%
https://www.atsginc.com/investors/ne...-presentations
Cheers
Fourth Quarter Results
• Revenues $517 million, down 3%
• GAAP Loss per Share (basic) from Continuing Operations $0.24, down $0.82
• GAAP Pretax Loss from Continuing Operations $15.6 million, including $24.4 million non-
cash settlement expense associated with the partial termination of a pension plan
• Adjusted Pretax* Earnings $19.8 million, down 69%
• Adjusted EPS* $0.18, down $0.35
• Adjusted EBITDA* $129.9 million, down 20%
- Including $24.4 million non-cash settlement expense associated with the partial termination of a pension plan
https://www.atsginc.com/investors/ne...-presentations
Cheers
03-01-2024, 07:52 AM
#4233
New Hire
Joined APC: Aug 2020
Posts: 6
03-01-2024, 02:16 PM
#4235
Gets Weekends Off
Joined APC: Jan 2015
Posts: 432
Upgrade?
I'm guessing there will be 0 upgrade classes in 2024... and maybe longer??
8 B-777 captains have left this year already but not a single upgrade class; and I think similar numbers on the 767 fleet.
Should those of us interested in the left seat look elsewhere or hold out hope?
8 B-777 captains have left this year already but not a single upgrade class; and I think similar numbers on the 767 fleet.
Should those of us interested in the left seat look elsewhere or hold out hope?
03-01-2024, 02:58 PM
#4236
New Hire
Joined APC: Jan 2023
Posts: 7
Originally Posted by Mr Rumbold
I'm guessing there will be 0 upgrade classes in 2024... and maybe longer??
8 B-777 captains have left this year already but not a single upgrade class; and I think similar numbers on the 767 fleet.
Should those of us interested in the left seat look elsewhere or hold out hope?
8 B-777 captains have left this year already but not a single upgrade class; and I think similar numbers on the 767 fleet.
Should those of us interested in the left seat look elsewhere or hold out hope?
03-01-2024, 03:02 PM
#4237
On Reserve
Joined APC: Jan 2013
Position: Daydreaming
Posts: 14
Originally Posted by Mr Rumbold
I'm guessing there will be 0 upgrade classes in 2024... and maybe longer??
8 B-777 captains have left this year already but not a single upgrade class; and I think similar numbers on the 767 fleet.
Should those of us interested in the left seat look elsewhere or hold out hope?
8 B-777 captains have left this year already but not a single upgrade class; and I think similar numbers on the 767 fleet.
Should those of us interested in the left seat look elsewhere or hold out hope?
I hope everything works out for you all and things look up in the near future. Cheers
03-01-2024, 03:14 PM
#4238
Line Holder
Joined APC: Mar 2023
Posts: 40
Originally Posted by Mikeav8r
The March 25th 767 class just got downsized by a few as well. Disappointing, but everything happens for a reason.
I hope everything works out for you all and things look up in the near future. Cheers
I hope everything works out for you all and things look up in the near future. Cheers
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