Air Historical Income Statement
| ATSG Stock | USD 12.61 0.16 1.29% |
Historical analysis of Air Transport income statement accounts such as Total Revenue of 1.3 B, Gross Profit of 189.8 M or Other Operating Expenses of 945.6 M can show how well Air Transport Services performed in making a profits. Evaluating Air Transport income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Air Transport's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Air Transport Services latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Air Transport Services is a good buy for the upcoming year.
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About Air Income Statement Analysis
Air Transport Services Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Air Transport shareholders. The income statement also shows Air investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Air Transport Income Statement Chart
Air Transport Services Income Statement is one of the three primary financial statements used for reporting Air's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Air Transport Services revenue and expense. Air Transport Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Air Transport's EBIT is most likely to increase significantly in the upcoming years. The Air Transport's current EBITDA is estimated to increase to about 570 M, while Gross Profit is projected to decrease to roughly 189.8 M. Add Fundamental
Total Revenue
Total revenue comprises all receipts Air Transport Services generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Air Transport Services minus its cost of goods sold. It is profit before Air Transport operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Air Transport Services. It is also known as Air Transport overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Air Transport's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Air Transport Services current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Transport Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Air Transport's EBIT is most likely to increase significantly in the upcoming years. The Air Transport's current EBITDA is estimated to increase to about 570 M, while Gross Profit is projected to decrease to roughly 189.8 M.
| 2020 | 2021 | 2023 | 2024 (projected) | Gross Profit | 373.9M | 485.8M | 199.8M | 189.8M | Total Revenue | 1.7B | 2.0B | 2.1B | 1.3B |
Air Transport income statement Correlations
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Air Transport Account Relationship Matchups
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Air Transport income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 28.8M | 62.9M | 58.8M | 46.9M | 81.8M | 85.9M | |
| Total Revenue | 892.3M | 1.6B | 1.7B | 2.0B | 2.1B | 1.3B | |
| Gross Profit | 190.4M | 350.5M | 373.9M | 485.8M | 199.8M | 189.8M | |
| Other Operating Expenses | 776.1M | 1.3B | 1.4B | 1.8B | 1.9B | 945.6M | |
| Operating Income | (66.2M) | (11.8M) | (57.5M) | 285.5M | 199.8M | 209.8M | |
| Ebit | (90.3M) | (66.2M) | (11.8M) | (57.5M) | 199.8M | 209.8M | |
| Ebitda | 114.2M | 244.1M | 330.0M | 298.3M | 542.8M | 570.0M | |
| Total Operating Expenses | 74.2M | 105.1M | 52.7M | 200.3M | 227.1M | 443.9M | |
| Income Before Tax | 87.5M | 41.4M | 301.2M | 260.5M | 84.2M | 44.5M | |
| Total Other Income Expense Net | 107.6M | 313.0M | 318.0M | 21.5M | (115.6M) | (109.8M) | |
| Net Income | 69.3M | 25.1M | 231.4M | 198.6M | 60.3M | 34.6M | |
| Income Tax Expense | 19.6M | 16.3M | 72.2M | 64.1M | 24.5M | 25.7M | |
| Cost Of Revenue | 701.9M | 1.2B | 1.4B | 1.6B | 1.9B | 2.0B | |
| Net Income Applicable To Common Shares | 61.2M | 32.1M | 231.4M | 198.6M | 228.4M | 239.8M | |
| Depreciation And Amortization | 204.6M | 310.3M | 341.8M | 355.8M | 343.0M | 360.1M | |
| Selling General Administrative | 6.1M | 9.9M | 12.6M | 9.7M | 9.8M | 9.3M | |
| Net Income From Continuing Ops | 60.0M | 25.1M | 229.0M | 196.4M | 117.6M | 72.4M | |
| Non Operating Income Net Other | (105.4M) | (165.0M) | (20.0M) | 21.9M | 19.7M | 20.7M | |
| Discontinued Operations | 1.2M | 7.0M | 2.4M | 2.1M | 2.5M | 1.6M | |
| Tax Provision | 11.6M | 16.3M | 72.2M | 64.1M | 43.5M | 28.8M | |
| Interest Income | 370K | 222K | 39K | 415K | 920K | 1.1M | |
| Net Interest Income | (66.3M) | (62.7M) | (65.3M) | (46.4M) | (64.7M) | (67.9M) | |
| Reconciled Depreciation | 285.4M | 310.3M | 341.8M | 355.8M | 360.2M | 318.8M |
Air Transport Investors Sentiment
The influence of Air Transport's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Air. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Air Transport's public news can be used to forecast risks associated with an investment in Air. The trend in average sentiment can be used to explain how an investor holding Air can time the market purely based on public headlines and social activities around Air Transport Services. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Air Transport's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Air Transport's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Air Transport's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Air Transport.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Air Transport in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Air Transport's short interest history, or implied volatility extrapolated from Air Transport options trading.
Pair Trading with Air Transport
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Air Transport position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Air Transport will appreciate offsetting losses from the drop in the long position's value.Moving together with Air Stock
| 0.75 | VLRS | Volaris Buyout Trend | PairCorr |
Moving against Air Stock
| 0.87 | SKYW | SkyWest Earnings Call This Week | PairCorr |
| 0.84 | SAIA | Saia Inc Earnings Call This Week | PairCorr |
| 0.8 | J | Jacobs Solutions Financial Report 14th of May 2024 | PairCorr |
| 0.78 | JBLU | JetBlue Airways Corp Earnings Call This Week | PairCorr |
| 0.78 | ODFL | Old Dominion Freight Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Air Transport could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air Transport when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Air Transport - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Air Transport Services to buy it.
The correlation of Air Transport is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Air Transport moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air Transport Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Air Transport can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Transport Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Air Stock analysis
When running Air Transport's price analysis, check to measure Air Transport's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Air Transport is operating at the current time. Most of Air Transport's value examination focuses on studying past and present price action to predict the probability of Air Transport's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air Transport's price. Additionally, you may evaluate how the addition of Air Transport to your portfolios can decrease your overall portfolio volatility.
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Is Air Transport's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Air Transport. If investors know Air will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Air Transport listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.58) | Earnings Share 0.82 | Revenue Per Share 30.166 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0272 |
The market value of Air Transport Services is measured differently than its book value, which is the value of Air that is recorded on the company's balance sheet. Investors also form their own opinion of Air Transport's value that differs from its market value or its book value, called intrinsic value, which is Air Transport's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Air Transport's market value can be influenced by many factors that don't directly affect Air Transport's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Air Transport's value and its price as these two are different measures arrived at by different means. Investors typically determine if Air Transport is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air Transport's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.