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8/9/2024
good day and thank you for standing by welcome to the q2 2024 air transport services group inc earnings conference call at this time all participants are in a listen-only mode please be advised that today's conference is being recorded after the speaker's presentation there will be a question and answer session to ask a question please press star 1 1 on your telephone and wait for your name to be announced to withdraw your question please press star 1 1 again I would now like to hand the conference over to your speaker today, Joe Payne, Chief Legal Officer.
Good morning, and welcome to our second quarter 2024 earnings conference call.
We issued our earnings release yesterday after the market closed. It's on our website at 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 described here. These forward-looking statements are based on information, plans, and estimates as of the date of this call. AIDs 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, changes in the market demand for our assets and services, including the loss of customers or reduction in the level of services we perform for customers, 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, the impact of the current competitive labor market, changes in general economic and or industry-specific conditions, including inflation and regulatory changes, the impact of geopolitical tensions or conflicts and human health crises, and other factors as contained from time to time in our filings with the SEC, including the Form 10-Q to be filed today. We will also refer to non-GAAP financial measures from continuing operations, including adjusted earnings, adjusted earnings per share, adjusted pretax earnings, adjusted EBITDA, free cash flow, 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 Gap measures, which are included in our earnings release and on our website. And now I'll turn the call over to Joe Headey, our Executive Chairman, for his opening comments.
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