Air Transport Services Group, Inc. (NASDAQ:ATSG) Q1 2023 Earnings Conference Call May 5, 2023 10:00 AM ET

Company Participants

Joe Payne - Chief Legal Officer

Rich Corrado - President and CEO

Quint Turner - CFO

Mike Berger - CSO

Conference Call Participants

Jack Atkins - Stephens

Helane Becker - TD Cowen

Frank Galanti - Stifel

Chris Stathoulopoulos - Susquehanna Financial

Michael Ciarmoli - Truist

Operator

Thank you for standing by, and welcome to the Air Transport Services Group First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, There will be a question-and-answer session. [Operator Instructions] A reminder, today's program is being recorded.

And now, I'd like to introduce your host for today's program, Mr. Joe Payne, Chief Legal Officer. Please go ahead.

Joe Payne

Good morning, and welcome to our first quarter 2023 earnings conference call. We issued our earnings release yesterday after the market closed. It's on our website, atsginc.com.

Let me begin by advising you that during the course of this call, we will make projections and other forward-looking statements that involve risks and uncertainties. Our actual results and other future events may differ materially from those we describe here.

These forward-looking statements are based on information, plans, and estimates as of the date of this call. Air Transport Services Group undertakes no obligation to update any forward-looking statements to reflect changes in underlying assumptions, factors, new information, or other changes.

These factors include, but are not limited to unplanned changes in the market demand for our assets and services, our operating airline's ability to maintain on-time service and control costs. The cost and timing with respect to which we are able to purchase and modify aircraft to a cargo configuration; fluctuations in ATSG's traded share price and in interest rates, which may result in mark-to-market charges on certain financial instruments; the number, timing and scheduled routes of our aircraft deployments to customers; our ability to remain in compliance with key agreements with customers, lenders and government agencies; the impact of current supply chain constraints, both within and outside the US, which may be more severe or persists longer than we currently expect.

The impact of the current competitive labor market, changes in general economic and/or industry-specific conditions, including inflation, the impact of geographical events or health epidemics such as the COVID-19 pandemic, and other factors as contained from time-to-time in our filings with the SEC, including the Form 10-Q we will file next week.