AIRT

Shares of Air T, Inc. AIRT have lost 0.6% since the company reported its earnings for the quarter ended Dec. 31, 2025. This compares to the S&P 500 Index’s 0.02% decline over the same time frame. Over the past month, the stock gained 13.5% against the S&P 500’s 1.9% decline. For the third quarter of fiscal 2026 ended Dec. 31, 2025, Air T reported revenues of $71.1 million, down 8.7% from $77.9 million in the prior-year quarter. The company posted an operating loss of $3.8 million against an operating income of $1.4 million a year earlier. Net loss attributable to Air T stockholders widened to $2.5 million, or $(0.91) per share, from a loss of $1.3 million, or $(0.47) per share, in the prior-year period. On a nine-month basis, revenue declined 8.6% to $206.2 million from $225.5 million, while net income attributable to Air T stockholders fell 69.8% to $0.3 million, or $0.10 per share, from $0.9 million, or $0.32 per share, a year earlier. Segment performance was mixed. Overnight air cargo revenue was essentially flat at $30.6 million. Ground support equipment sales rose 7.9% to $12.8 million from $11.8 million. Commercial aircraft, engines and parts revenue fell 42.4% to $18.8 million from $32.7 million. Digital solutions revenue increased 24.9% to $2.5 million from $1.9 million, while the newly added regional airline segment contributed $5.2 million for the partial quarter following the Rex acquisition. Adjusted EBITDA for the quarter was $0.2 million, down from $2.7 million in the prior-year period. By segment, ground support equipment generated $1.7 million in adjusted EBITDA, up from $0.2 million a year earlier, reflecting improved product mix and spending discipline. Overnight air cargo produced $1 million, down 48.6% from $1.9 million. Commercial aircraft, engines and parts posted an adjusted EBITDA loss of $0.2 million against a $2.9 million profit last year. The regional airline segment reported a $0.5 million adjusted EBITDA loss for its initial 13 days of operations under Air T ownership. Order backlog in ground support equipment segment nearly doubled to $12.9 million as of Dec. 31, 2025, from $6.2 million a year earlier. AIRT’s equity method investments balance increased to $33.6 million as of Dec. 31, 2025, from $19 million as of March 31, 2025, underscoring continued capital deployment into affiliated ventures. Air T, Inc. price-consensus-eps-su...

CHARLOTTE, NC / ACCESS Newswire / February 13, 2026 / Air T, Inc. (NASDAQ:AIRT) is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. We seek dynamic individuals and teams to operate companies with processes and insights that drive increasing value over time. We believe we can invest corporate resources to help activate growth and overcome challenges. Our core segments are overnight air cargo; ground support equipment; commercial aircraft, engines and parts; regional airline; and digital solutions. Today the Company is announcing results for the fiscal third quarter ended December 31, 2025: Revenues totaled $71.1 million for the quarter ended December 31, 2025, a decrease of $6.7 million, or 9% from the prior year's comparable quarter. Operating loss was $3.8 million for the quarter ended December 31, 2025, a decrease of $5.2 million from the prior year comparable quarter's operating income of $1.4 million. Adjusted EBITDA* profit of $0.2 million for the quarter ended December 31, 2025, compared to an Adjusted EBITDA* profit of $2.7 million in the prior year's comparable quarter. Earnings per share was $(0.91) for the quarter ended December 31, 2025, compared to earnings per share of $(0.47) in the prior year's comparable quarter. The investment balance for the Company's equity method investees was $33.6 million at December 31, 2025; as compared to $19.0 million at March 31, 2025. *Adjusted EBITDA is a non-GAAP financial measure; see below for further explanation and reconciliation to GAAP measure. Company Chairman and CEO Nick Swenson commented: "In December 2025, Air T acquired Rex Regional Airlines through a competitive bidding process organized for the benefit of Rex creditors by the Administrators of the Rex Voluntary Administration. Importantly, the transaction includes a series of long-term commitments by Rex to the Commonwealth of Australia. Notable among these commitments is the requirement the Rex repays - in full - its AUD $108 million Loan from the Commonwealth by allocating 70% of Rex's excess cash flows to amortizing the Commonwealth Loan. In addition, Rex is obligated to run the airline according to a Rex Regional Commitments (RRC) plan that will expand the number of Saab 340s servicing regional and remote Australia from approximately thirty (30) to approximately forty-four (45) over...

CHARLOTTE, NC / ACCESS Newswire / November 12, 2025 / Air T, Inc. (NASDAQ:AIRT) is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. We seek dynamic individuals and teams to operate companies with processes and insights that drive increasing value over time. We believe we can invest corporate resources to help activate growth and overcome challenges. Our core segments are overnight air cargo; ground support equipment; commercial aircraft, engines and parts; and digital solutions. Today the Company is announcing results for the fiscal second quarter ended September 30, 2025: Revenues totaled $64.2 million for the quarter ended September 30, 2025, a decrease of $17.1 million, or 21% from the prior year's comparable quarter. Operating income was $5.5 million for the quarter ended September 30, 2025, an increase of $1.9 million from the prior year comparable quarter's operating income of $3.6 million. Adjusted EBITDA* profit of $7.9 million for the quarter ended September 30, 2025, compared to an Adjusted EBITDA* profit of $5.0 million in the prior year's comparable quarter. Earnings per share was $1.61 for the quarter ended September 30, 2025, compared to earnings per share of $0.91 in the prior year's comparable quarter. The investment balance for the Company's equity method investees was $27.9 million at September 30, 2025; as compared to $19.0 million at March 31, 2025. *Adjusted EBITDA is a non-GAAP financial measure; see below for further explanation and reconciliation to GAAP measure. Company Chairman and CEO Nick Swenson commented: "During the quarter, Contrail has reached the significant milestone of eliminating all of its bank debt and holding $6.7 million of cash and cash equivalents at September 30th. Joe and Miriam have done an outstanding job of deleveraging Contrail from the peak of $74.9 million of bank debt during COVID. We are grateful for their outstanding leadership of the Contrail business over many years. In addition, we believe Contrail is well positioned if the secondary market for end of life and low green time engines starts to soften. Earlier this year, the Air T HoldCo team started to engage with various parties about Rex Regional Airlines - the largest regional airline in Australia - which has been in voluntary administration since 2024. If courts approve the transaction, t...

Shares of Air T, Inc. AIRT have gained 2.5% since the company reported its earnings for the fiscal year ended June 30, 2025. This compares to the S&P 500 Index’s 0.1% gain over the same time frame. Over the past month, the stock gained 3.2% compared with the S&P 500’s 2.5% rise. Air T reported revenues of $70.9 million for the first quarter of fiscal 2026 ended June 30, 2025, up 6.7% from $66.4 million in the prior-year quarter. Despite the revenue growth, AIRT posted a net loss attributable to stockholders of $1.6 million compared with a loss of $0.3 million in the year-ago quarter. Loss per share was $0.61, widening from $0.12 in the prior-year quarter. Operating income stood at $0.4 million against a loss of $0.6 million in the year-ago quarter. Segment results showed strong contributions from Ground Support Equipment and Digital Solutions, partly offset by weakness in Commercial Aircraft, Engines and Parts. Adjusted EBITDA was $1.5 million, up 71.1% from $0.9 million in the prior year. The company’s investment balance in equity method investees also increased to $19.9 million from $19 million at the end of March 2025. Segment performance revealed mixed dynamics. Overnight Air Cargo revenues were up 0.7% at $30.6 million from $30.4 million, but segment adjusted EBITDA slipped 17.2% to $1.6 million from $1.9 million due to lower maintenance margins. Ground Support Equipment revenues surged 104.9% to $15.1 million from $7.4 million, with adjusted EBITDA turning positive at $1.4 million from a loss of $0.5 million a year earlier. The Commercial Aircraft, Engines and Parts segment posted $21.9 million in revenues, down 16.3% year over year from $26.3 million, primarily due to weaker component sales; Adjusted EBITDA decreased 54.7% to $0.8 million from $1.7 million. Digital Solutions revenues rose 24.9% to $2.1 million from $1.7 million, while narrowing its adjusted EBITDA loss to $0.1 million from $0.3 million. Air T, Inc. price-consensus-eps-surprise-chart | Air T, Inc. Quote Chairman and CEO Nick Swenson emphasized that management is “pleased with the company’s performance” and highlighted execution on the annual plan along with several strategic initiatives aimed at long-term value creation. The commentary suggested confidence in segmental growth drivers, particularly Ground Support Equipment and Digital Solutions, while acknowledging challenges in commerc...

CHARLOTTE, NC / ACCESS Newswire / August 13, 2025 / Air T, Inc. (NASDAQ:AIRT) is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. We seek dynamic individuals and teams to operate companies with processes and insights that drive increasing value over time. We believe we can invest corporate resources to help activate growth and overcome challenges. Our core segments are overnight air cargo; ground support equipment; commercial aircraft, engines and parts; and digital solutions. Today the Company is announcing results for the fiscal first quarter ended June 30, 2025: Revenues totaled $70.9 million for the quarter ended June 30, 2025, an increase of $4.5 million, or 7% from the prior year's comparable quarter. Operating income was $0.4 million for the quarter ended June 30, 2025, an increase of $1.0 million from the prior year comparable quarter's operating loss of $0.6 million. Adjusted EBITDA* profit of $1.5 million for the quarter ended June 30, 2025, compared to an Adjusted EBITDA* profit of $0.9 million in the prior year's comparable quarter. The investment balance for the Company's equity method investees was $19.9 million at June 30, 2025; as compared to 19.0 million at March 31, 2025. *Adjusted EBITDA is a non-GAAP financial measure; see below for further explanation and reconciliation to GAAP measure. Company Chairman and CEO Nick Swenson commented: "Management is pleased with the company's performance in the June Quarter. We are working hard to execute on our annual plan and developing several strategic initiatives which we believe will drive long term value creation." Business Segment Results Overnight Air Cargo This segment provides air express delivery services, primarily for FedEx, and repair services. Revenues for this segment were $30.6 million for the quarter ended June 30, 2025, compared to $30.4 million in the prior year's comparable quarter. Adjusted EBITDA* for this segment was $1.6 million for the quarter ended June 30, 2025, a decrease of $0.3 million when compared to the prior year's comparable quarter. The decrease was driven mainly by lower margins on maintenance revenue. Ground Support Equipment ("GGS") This segment-which includes some of the world-leading offerings in the category-manufactures mobile deicers and other specialized ground-support equipment. Customers include...

Shares of Air T, Inc. AIRT have gained 9.4% since the company reported its earnings for the fiscal year ended March 31, 2025. This compares to the S&P 500 Index’s 0.9% gain over the same time frame. Over the past month, the stock gained 17.3% compared with the S&P 500’s 3.9% rise. For the fiscal year ended March 31, 2025, Air T reported revenues of $291.9 million, a 1.7% increase from the prior fiscal year’s $286.8 million. Operating income rose 50.9% to $1.9 million from $1.3 million, while adjusted EBITDA improved to $7.4 million from $6.2 million, reflecting an 18.9% increase from fiscal 2024. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Despite these gains in operational metrics, AIRT posted a net loss per share of $2.23, which is a modest improvement from $2.42 in the prior fiscal year. Revenues from the Overnight Air Cargo segment increased 7.3% to $124 million from $115.5 million, driven by higher labor revenue, an increase in administrative fees and higher FedEx pass-through costs related to maintenance. Adjusted EBITDA for the segment decreased 4.7% to $6.8 million from $7.1 million, primarily due to increased loss provisions for bad debt and tax adjustments related to operations in Puerto Rico. Ground Support Equipment Revenues rose 4.8% to $38.9 million from $37.2 million, thanks to increased spare parts sales and service revenues. However, the segment posted an adjusted EBITDA loss of $0.8 million, a slight improvement from the prior year’s $0.9 million loss. Notably, the segment’s order backlog rose to $14.3 million as of March 31, 2025, from $12.6 million a year earlier, indicating healthy demand going into fiscal 2026. The Commercial Aircraft, Engines and Parts segment experienced a revenue decline of 5.8%, totaling $118.2 million from $125.5 million. The shortfall was primarily due to a reduced supply of aircraft available for part-out or resale as operators opted to retain older planes longer amid tight market conditions. However, segment profitability soared, with adjusted EBITDA jumping 60.7% to $9.8 million from $6.1 million, attributable to higher-margin component sales. The smallest of Air T’s four core segments, Digital Solutions, grew revenues by 25.7% to $7.3 million from $5.8 million, fueled by an expanding base of software subscription customers. However, the segment posted an adjusted EBITDA loss of $0...

CHARLOTTE, NC / ACCESS Newswire / June 27, 2025 / Air T, Inc. (NASDAQ:AIRT) is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. We seek dynamic individuals and teams to operate companies using processes that increase stakeholder value over time. We believe we can apply corporate resources to help activate growth and overcome challenges. Our core segments are overnight air cargo; ground support equipment; commercial aircraft, engines and parts; and digital solutions. Today the Company is announcing results for the Fiscal year ended March 31, 2025: Revenues totaled $291.9 million for the fiscal year ended March 31, 2025, an increase of $5.0 million, or 2% from the prior fiscal year. Operating income was $1.9 million for the fiscal year ended March 31, 2025, compared to operating income in the prior fiscal year of $1.3 million. Adjusted EBITDA* of $7.4 million for the fiscal year ended March 31, 2025, compared to Adjusted EBITDA* of $6.2 million in the prior fiscal year. The investment balance for the Company's equity method investees was $19.0 million at March 31, 2025; as compared to $16.7 million at March 31, 2024. Loss per share of $2.23 for the fiscal year ended March 31, 2025, compared to loss per share of $2.42 for the prior fiscal year. *Adjusted EBITDA is a non-GAAP financial measure; see below for further explanation and reconciliation to GAAP measure. Company Chairman and CEO Nick Swenson commented: "Air T is working to build shareholder value each and every day. We have a number of important initiatives in the works, and we are gaining traction with several new products and marketing channels. We are optimistic about the future." Business Segment Results Effective as of the fourth quarter of fiscal year 2025, we renamed our ground equipment sales segment to ground support equipment and renamed our commercial jet engines and parts segment to commercial aircraft, engines and parts to better align the descriptions of the segments with their activities. Additionally, we have elected to separately disclose the digital solutions segment to better align our financial statement presentation with a key long-term growth area for the Company. Digital solutions was previously classified as part of insignificant business activities. As a result of this change, prior period segment information has been...