Air Transport Services Group, Inc. (NASDAQ:ATSG) Q1 2022 Results Earnings Conference Call May 6, 2022 10:00 AM ET

Company Participants

Joe Payne - Chief Legal Officer

Rich Corrado - President & CEO

Quint Turner - CFO

Mike Berger - Chief Commercial Officer

Conference Call Participants

Chris Stathoulopoulos - Susquehanna International Group

Frank Galanti - Stifel

Jack Atkins - Stephens

Operator

Welcome to the First Quarter 2022 Air Transport Services Group, Inc. Earnings Conference Call. My name is Richard, and I'll be your operator for today's call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions]

I will now turn the call over to Mr. Joe Payne, Chief Legal Officer of ATSG. Mr. Payne, you may begin.

Joe Payne

Good morning, and welcome to our first quarter 2022 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. ATSG 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 the following, which relate to the current COVID-19 pandemic. The pandemic may continue for a longer period or its effect on commercial and military passenger flying may be more substantial than we currently expect. It may also disrupt our workforce and staffing capability, our ability to access airports and maintenance facilities and the continuing ability of our vendors and third-party service providers to maintain customary service levels.

Other factors could also cause our actual results to differ materially from those we describe here, including 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 U.S., which may be more severe or persists longer than we currently expect, changes in general economic and/or industry-specific conditions; 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.