Air Transport Services Group, Inc

Good day, and thank you for standing by. Welcome to the Q3 2023 Air Transport Services Group Incorporated earnings conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 1 on your telephone. You will then hear an automated message advising that your hand is raised. To withdraw your question, please press star 1 1 again. Please be advised that today's conference is being recorded. I would now like to turn the conference over to your first speaker today, Joe Payne, Chief Legal Officer. You can now go ahead.

Good morning and welcome to our third 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 were 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 persist 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 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. We will also refer to non-GAAP financial measures from continuing operations, including adjusted earnings, adjusted earnings per share, adjusted pre-tax earnings, adjusted EBITDA, and adjusted free cash flow. Management believes these metrics are useful to investors in assessing ATSG's financial position and results. These non-GAAP measures are not meant to be a substitute for our GAAP financials. We advise you to refer to the reconciliations to GAAP measures, which are included in our earnings release and on our website. And now I'll turn the call over to Joe Headey, our CEO, for his opening comments. Thank you, Joe.

Good morning, everyone. We appreciate you all joining us. Before we discuss our third quarter results, I would like to address the leadership transition we announced yesterday. This changes the result of careful and thoughtful deliberation by the board of directors. On behalf of the board, I want to express our sincere gratitude to Rich for his contributions to the company. We wish him all the best. I am honored and energized to be stepping back into the CEO role. Having served as ATSG CEO from August 2003 to May 2020, and continuing as a board member after that, I believe I bring a unique perspective and skill set to the position. That aside, we're operating in an incredibly dynamic and challenging market environment. There are certain issues that are within our control and others that are not. but we recognize that our recent financial results need to improve. There is more work to be done, and I am committed to working collaboratively with the entire team to position our business for the future. Despite the challenging macroeconomic headwinds, ATSG is an incredibly resilient organization. With our differentiated business model, diverse customer base, and unique competitive position, I believe we are poised to capitalize on the long-term opportunities ahead. I look forward to continuing to build on our strong foundation to deliver value for our shareholders. With that, I will now turn the call over to Quint Turner to discuss our financial results for the quarter, and I will return to close our prepared remarks.