ATSG on NASDAQ

Airborne Maintenance & Engineering Services

American aerospace company

Airborne Maintenance & Engineering Services (Airborne) is an MRO based in Wilmington, Ohio, Ohio, USA at the Airborne Airpark (ILN) and Tampa International Airport (TPA). They provide aircraft maintenance, repair, and overhaul services including Heavy Maintenance, Line Maintenance, Component Repair/Overhaul, Engineering, Manufacturing Services, and Material Sales.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

2009Founded1

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  • TickerATSG on NASDAQ1
  • Industryaerospace industry1
  • HeadquartersUnited States1
  • Websiteairbornemx.com
  • Legal formDelaware corporation1
  • Incorporated inDE4
  • Business address145 Hunter Dr, Wilmington, Oh 451774
  • Filer categoryLarge accelerated filer4

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Airborne Maintenance & Engineering Services (Airborne) is an MRO based in Wilmington, Ohio, Ohio, USA at the Airborne Airpark (ILN) and Tampa International Airport (TPA). They provide aircraft maintenance, repair, and overhaul services including Heavy Maintenance, Line Maintenance, Component Repair/Overhaul, Engineering, Manufacturing Services, and Material Sales. Airborne holds a Part 145 FAA Repair Station certificate for its Wilmington location that includes 315,000 sq. ft. of hangar space, 100,000 sq. ft. component facility, and 40,000 sq. ft. material sales warehouse. They also operate line maintenance stations at Greater Cincinnati/Northern Kentucky Airport and Miami International Airport. Airborne also offers Boeing 737 Cargo Conversion services through its subsidiary Pemco Conversions. It is part of the Air Transport Services Group (Nasdaq: ATSG).3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

6.5%Operating margin6
1.4%Net margin6
-5.2%Revenue growth, 20246
1.8%Return on equity6
1.04×Debt to equity6
$201.8MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Other costs98¢$1.9B
  • Income tax1¢$14.9M
  • Profit1¢$27.4M

Out of $2.0B in revenue.6

Where each dollar of operating cash went, fiscal 2024

  • Capital spending62¢$331.0M
  • Kept or used elsewhere38¢$201.8M

Out of $532.8M of cash from operations.6

Financial statements

Revenue789106$2.0B in 2024+120% since 2018
0$1.0B$2.0B$3.0B2018: $892.3M$892.3M20182019: $1.5B$1.5B2019+63%2020: $1.6B$1.6B2020+8%2021: $1.7B$1.7B2021+10%2022: $2.0B$2.0B2022+18%2023: $2.1B$2.1B2023+1%2024: $2.0B$2.0B2024−5%
Operating income789106$127.8M in 2024+15% since 2018
0$100.0M$200.0M$300.0M$400.0M2018: $111.0M$111.0M20182019: $177.0M$177.0M2019+59%2020: $206.4M$206.4M2020+17%2021: $321.2M$321.2M2021+56%2022: $285.5M$285.5M2022−11%2023: $199.8M$199.8M2023−30%2024: $127.8M$127.8M2024−36%
Net income789106$27.4M in 2024−60% since 2018
0$100.0M$200.0M$300.0M2018: $69.3M$69.3M20182019: $61.2M$61.2M2019−12%2020: $32.1M$32.1M2020−48%2021: $231.4M$231.4M2021+621%2022: $198.6M$198.6M2022−14%2023: $60.3M$60.3M2023−70%2024: $27.4M$27.4M2024−55%
Fiscal year2018201920202021202220232024
Revenue$892.3M7$1.5B8$1.6B9$1.7B10$2.0B10$2.1B10$2.0B6
Operating income$111.0M7$177.0M8$206.4M9$321.2M10$285.5M6$199.8M6$127.8M6
Interest$28.8M7$66.6M8$62.9M9$58.8M10$46.9M10$72.7M10
Income tax$19.6M7$11.6M8$16.3M9$72.2M10$64.1M6$24.5M6$14.9M6
Net income$69.3M7$61.2M8$32.1M9$231.4M10$198.6M6$60.3M6$27.4M6
Earnings per share$1.187$1.048$0.549$3.3610$2.706$0.886$0.426
Earnings per share (diluted)$0.917$0.798$0.549$2.8310$2.286$0.826$0.406

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The story

Airborne started operations in 2009, splitting off from ABX Air.

April 26, 2018 Airborne Maintenance & Engineering Services has announced a company brand re-alignment that includes their subsidiary Pemco World Air Services in Tampa, FL. The new brand identity reflects Airborne’s commitment to provide industry best MRO services and a continued focus on their market leading passenger to freighter conversions for the B737 aircraft. The MRO operations in Wilmington and Tampa will be branded as Airborne Maintenance and Engineering Services (AIRBORNE) while the cargo conversion product line will be rebranded under the PEMCO Conversions name.

January 2017, Airborne announced that it acquired Pemco World Air Services located at the Tampa International Airport.

Delta Air Lines agreed to a five-year heavy maintenance contract in October 2015, including three years for work on Boeing 717 aircraft. Airborne leased a new hangar in June 2014. On Feb 17, 2013, Airborne announced a three-year heavy maintenance agreement for 767 checks with DHL.

From Wikipedia’s article on Airborne Maintenance & Engineering Services, shared under CC BY-SA 4.0.5

Products and brands

  • aircraft

Listed on Wikidata.1

Former names

  • ABX Holdings, Inc.Jan 2, 2008 to May 19, 20084
  • ABX AIR INCSep 5, 1995 to Dec 27, 20074

Timeline

  1. 2009Founded Founded1
  2. May 16, 2008Went public Listed on NASDAQ1

Recent filings

  1. Apr 21, 202510-K/A
  2. Apr 15, 20254
  3. Apr 15, 20254
  4. Apr 15, 20254
  5. Apr 15, 20254
  6. Apr 15, 20254
  7. Apr 15, 20254
  8. Apr 15, 20254
  9. Apr 15, 20254
  10. Apr 15, 20254
  11. Apr 15, 20254
  12. Apr 15, 20254
  13. Apr 15, 20254
  14. Apr 15, 20254
  15. Apr 15, 20254

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

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