WILMINGTON, Ohio--(BUSINESS WIRE)--Aug 3, 2026--
Air Transport Services Group, Inc. (ATSG) today announced that Matthew Scagnelli has joined the company as Chief Human Resources Officer (CHRO), strengthening the company’s executive leadership team as it implements its long-term growth strategy. As CHRO, Scagnelli will lead ATSG's human resources strategy across its portfolio of aviation and logistics services businesses.
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Scagnelli brings more than 25 years of HR leadership experience across aerospace, aviation, manufacturing and consumer businesses. Most recently, he served as CHRO at Leaf Home. He previously served as CHRO at MB Aerospace and spent 17 years at General Electric in a variety of HR roles, including as Executive HR Leader at GE Aviation Services (now GE Aerospace) where he was responsible for HR leadership across multiple locations worldwide.
Scagnelli is a proven HR leader who has successfully led large-scale enterprise transformation, talent strategy development in support of business objectives and performance, and the design of performance management, succession planning, and leadership development frameworks.
“Matt brings deep experience leading people and organizational transformation in complex global businesses,” said ATSG President and CEO Greg Mays. “As ATSG continues to evolve and grow, developing great leaders, strengthening our culture, and investing in our people is critical to our success. Matt is the right leader to help us do that.”
“I'm excited to return to the aviation industry and join ATSG at such an important time in its evolution,” said Scagnelli. “ATSG has built a strong reputation, talented workforce, and unique portfolio of businesses. I look forward to partnering with leaders and team members across the company to strengthen the employee experience, create opportunities for growth, and help position ATSG for continued success.”
About Air Transport Services Group
Air Transport Services Group (ATSG) is a leading provider of aircraft leasing, air transportation, and aviation support solutions. As an integrated aviation enterprise, ATSG combines leasing, cargo and passenger airline operations, aircraft maintenance, and support services to deliver flexible, end-to-end solutions for customers worldwide. ATSG supports a diverse fleet that includes Boeing 767, Airbus A321, and Airbus A330 freighter aircraft, as well as Boeing 777 and 767 passenger aircraft supporting global ACMI and charter operations. ATSG subsidiaries include ABX Air, Inc.; Airborne Maintenance & Engineering Services, Inc.; Air Transport International, Inc.; Cargo Aircraft Management, Inc.; and Omni Air International, LLC. Learn more at atsginc.com.
Matthew Scagnelli has joined ATSG as Chief Human Resources Officer.
NEW YORK (AP) — Oil prices are easing on Monday and helping to calm Wall Street’s worries that inflation could potentially get even worse. That has U.S. stock indexes rising, but sharp swings are continuing to roil financial markets underneath the surface.
The S&P 500 rose 0.6% following its wild July, where it swung up and down as oil prices shot higher because of the war with Iran and worries grew about whether Big Tech’s massive investments in artificial-intelligence technology will translate into profits and whether chipmaker stocks soared too high in the euphoria around AI.
The Dow Jones Industrial Average was up 624 points, or 1.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.6% higher.
Some of the strongest action was in the oil market, where the price for a barrel of Brent crude fell 4.9% to $83.65. It dropped after President Donald Trump said over the weekend that he decided to hold off on ordering U.S. forces to carry out new strikes against Iran at the urging of allies in the region.
Brent careened between $72 and $102 last month as worries rose and fell about when the war with Iran would allow oil tankers to freely exit the Persian Gulf again to deliver crude to customers worldwide.
The latest acquiescence by Trump on Iran helped to ease worries about inflation potentially getting worse, and Treasury yields correspondingly fell in the bond market.
The yield on the 10-year Treasury sank to 4.68% from 4.75% late Friday. It, though, remains well above its 3.97% level from before the war with Iran.
That jump is threatening to undercut prices for stocks and other investments, while slowing the economy by making borrowing more expensive for U.S. households and businesses. The average long-term U.S. mortgage rate has already leaped to its highest level in a year.
The drop in oil prices helped airlines and other companies with big fuel bills lead the market. United Airlines flew 5.6% higher, while American Airlines climbed 5.7%. Norwegian Cruise Line Holdings steamed 5.4% higher.
On the losing end of Wall Street were stocks of companies that make computer chips, which have been swinging sharply on worries about whether their surging revenues because of the AI boom are sustainable.
If AI ends up produce less profit and productivity than hoped, Big Tech companies could curtail their spending sprees on data centers that have helped chip stocks soar to tremendous heights.
Micron Technology fell 4.9% Monday and was one of the heaviest weights on the S&P 500, but its stock is still up more than 170% for the year so far. Advanced Micro Devices fell 2.7 % to trim its surge for the year so far to 116%.
The manic swings for AI stocks have been most dramatic in South Korea, where the Kospi index is dominated by just two tech titans, Samsung Electronics and SK Hynix.
Seoul’s Kospi fell 5.1%. It was coming off a 17.9% surge from Friday, which was its best day in history.
In neighboring Japan, Tokyo’s Nikkei 225 fell 0.9% after the United States and Japan confirmed they had moved together to to prop up the value of the Japanese yen against the dollar. A stronger yen would help to limit inflation in Japan, but it could also potentially hurt Japan’s exporters.
AP Writers Matt Ott, Elaine Kurtenbach, Mayuko Ono and Mari Yamaguchi contributed to this report.
A trader works on the floor of the New York Stock Exchange, Thursday, July 30, 2026, in New York. (AP Photo/Yuki Iwamura)
A trader works on the floor of the New York Stock Exchange, Thursday, July 30, 2026, in New York. (AP Photo/Yuki Iwamura)
A person walks past an electronic board showing the U.S. dollar and Japanese yen exchange rate at a securities firm in Tokyo on Monday, Aug. 3, 2026. (AP Photo/Eugene Hoshiko)
People walk past an electronic board showing Japan's Nikkei index at a securities firm in Tokyo on Monday, Aug. 3, 2026. (AP Photo/Eugene Hoshiko)
A person walks past an electronic board showing the U.S. dollar and Japanese yen exchange rate at a securities firm in Tokyo on Monday, Aug. 3, 2026. (AP Photo/Eugene Hoshiko)
A person walks past an electronic board showing Japan's Nikkei index at a securities firm in Tokyo on Monday, Aug. 3, 2026. (AP Photo/Eugene Hoshiko)
A person walks past an electronic board showing Japan's Nikkei index and U.S. dollar and Japanese yen exchange rate at a securities firm in Tokyo Monday, Aug. 3, 2026. (AP Photo/Eugene Hoshiko)
