 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Air Transport Services Group, Inc. (ATSG) provides aircraft leasing, airline operations, and aircraft maintenance and other support services to the air cargo transportation and package delivery industries in the United States and internationally.
The company owns and leases cargo aircraft, such as Boeing 767, 757, and 737 aircraft to airlines and other customers.
It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.
In addition, the company offers support services comprising flight crew training, flight simulator rental, and aircraft line maintenance services; aircraft maintenance, repair, and overhaul, as well as insurance services; resale and brokerage of aircraft parts; material handling and ground equipment maintenance, and ground equipment rentals for aircraft support; and aircraft dispatch and flight tracking services, as well as operates mail and package sorting facilities for the U.S. postal service.
As of December 31, 2015, the company owned and operated a fleet of 55 cargo aircraft, including 36 Boeing 767-200 aircraft, 11 Boeing 767-300 aircraft, 4 Boeing 757-200 aircraft, and 4 Boeing 757 combi aircraft. One of the company's major customer is Amazon.com.
Shares have formed a bullish "flag" after Amazon.com took a 10% ownership of the company plus purchased additional warrants for purchase of future shares. Higher share prices are expected for this stock.
52-Weeks Trading Range: $7.60 - $15.53
Entry Point: $15.35
Stop Loss: $14.50
Target Price: $16.89
ATSG closed at $12.80.
