AIR T INC
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 14, 2026
AIRT$27.70-1.6%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Statements of Income (Loss) (Unaudited) For The Months Ended and
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)
| (In thousands, except per share data) | Three Months EndedJune 30, | |
|---|---|---|
| 2026 | 2025 | |
| Operating Revenues: | ||
| Regional airline | $55,909 | $— |
| Overnight air cargo | 29,969 | 30,589 |
| Commercial aircraft, engines and parts | 20,523 | 21,960 |
| Ground support equipment | 3,683 | 15,070 |
| Digital solutions | 2,487 | 2,096 |
| Aviation leasing and asset management | 1,365 | — |
| Corporate and other | 1,525 | 1,155 |
| 115,461 | 70,870 | |
| Operating Expenses: | ||
| Regional airline (exclusive of depreciation) | 45,258 | — |
| Overnight air cargo | 24,628 | 25,899 |
| Commercial aircraft, engines and parts | 14,791 | 14,656 |
| Ground support equipment | 2,526 | 12,303 |
| Digital solutions | 887 | 836 |
| Aviation leasing and asset management | 233 | — |
| Corporate and other | 430 | 415 |
| General and administrative | 29,648 | 15,031 |
| Depreciation and amortization | 9,885 | 1,284 |
| Earnout remeasurement | — | (402) |
| 128,286 | 70,022 | |
| Operating (loss) income | (12,825) | 848 |
| Non-operating (expense) income: | ||
| Interest expense | (5,673) | (2,314) |
| Income (loss) from equity method investments | 3,215 | (19) |
| Other | 246 | 678 |
| (2,212) | (1,655) | |
| Loss before income taxes | (15,037) | (807) |
| Income tax expense (benefit) | 660 | (136) |
| Net loss | (15,697) | (671) |
| Net income attributable to non-controlling interests | (112) | (965) |
| Net loss attributable to Air T, Inc. stockholders | $(15,809) | $(1,636) |
| Loss per share (Note 6) | ||
| Basic | $(5.86) | $(0.61) |
| Diluted | $(5.86) | $(0.61) |
| Weighted average shares outstanding: | ||
| Basic | 2,696 | 2,703 |
| Diluted | 2,696 | 2,703 |
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