Market Summary
USD22.30+0.20
Market Closed0.90%
AIRT Stock Price
AIRT RSI Chart
AIRT Valuation
AIRT Price/Sales (Trailing)
AIRT Profitability
AIRT Fundamentals
AIRT Revenue
AIRT Earnings
Price Action
52 Week Range
16.7528.95
(Low)(High)
Last 7 days
3.2%
Last 30 days
6.3%
Last 90 days
-16.2%
Trailing 12 Months
-2.8%
AIRT Financial Health
AIRT Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for AIRT
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2022-09-16 | McClung Peter B. | bought | 36,875 | 14.75 | 2,500 | - |
2022-09-16 | CABILLOT RAYMOND E | bought | 30,860 | 15.5 | 1,991 | - |
2022-09-15 | CABILLOT RAYMOND E | bought | 41,719 | 15.4118 | 2,707 | - |
2022-09-14 | CABILLOT RAYMOND E | bought | 4,620 | 15.3013 | 302 | - |
2022-09-13 | McClung Peter B. | bought | 40,200 | 16.75 | 2,400 | - |
2022-09-12 | McClung Peter B. | bought | 43,996 | 17.5984 | 2,500 | - |
2022-09-12 | CABILLOT RAYMOND E | bought | 87,681 | 17.5362 | 5,000 | - |
2022-08-26 | Swenson Nicholas John | acquired | 21,562 | 5.75 | 3,750 | ceo |
2022-08-18 | McClung Peter B. | bought | 1,700 | 17.00 | 100 | - |
Which funds bought or sold AIRT recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-08-15 | WELLS FARGO & COMPANY/MN | added | 14.29 | 13.00 | 192 | -% |
2023-08-14 | VANGUARD GROUP INC | unchanged | - | 2,669 | 1,339,810 | -% |
2023-08-14 | BRIDGEWAY CAPITAL MANAGEMENT, LLC | unchanged | - | 15,525 | 432,975 | 0.01% |
2023-08-14 | Tower Research Capital LLC (TRC) | sold off | -100 | -1,000 | - | -% |
2023-08-14 | NewEdge Advisors, LLC | sold off | -100 | -1,026 | - | -% |
2023-08-14 | MORGAN STANLEY | unchanged | - | 1,122 | 563,495 | -% |
2023-08-11 | RENAISSANCE TECHNOLOGIES LLC | reduced | -1.3 | -34,000 | 3,040,000 | -% |
2023-08-11 | GEODE CAPITAL MANAGEMENT, LLC | reduced | -16.79 | -49,726 | 313,298 | -% |
2023-08-11 | BlackRock Inc. | added | 4.15 | 6,918 | 165,560 | -% |
2023-08-10 | CONCOURSE FINANCIAL GROUP SECURITIES, INC. | sold off | - | - | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Air T
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | renaissance technologies llc | 4.36% | 124,011 | SC 13G/A | |
| Sep 27, 2022 | farnam street partners lp /mn | 13.75% | 394,090 | SC 13D/A | |
| Feb 11, 2022 | renaissance technologies llc | 5.54% | 159,711 | SC 13G/A | |
| Feb 22, 2021 | ao partners i, lp | 32.6% | 940,750 | SC 13D/A | |
| Feb 11, 2021 | renaissance technologies llc | 6.43% | 185,211 | SC 13G/A | |
| Jan 12, 2021 | ao partners i, lp | 32.5% | 937,084 | SC 13D/A | |
| Jan 08, 2021 | farnam street partners lp /mn | 13.55% | 390,424 | SC 13D/A | |
| Apr 01, 2020 | swenson nicholas john | 30.3% | 883,557 | SC 13D/A | |
| Mar 31, 2020 | farnam street partners lp /mn | 12.0% | 350,313 | SC 13D/A | |
| Feb 13, 2020 | renaissance technologies llc | 6.99% | 211,311 | SC 13G/A |
Recent SEC filings of Air T
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 11, 2023 | 8-K | Current Report | |
| Sep 05, 2023 | 8-K | Current Report | |
| Aug 31, 2023 | DEL AM | DEL AM | |
| Aug 23, 2023 | S-1 | Initial Public Offering | |
| Aug 21, 2023 | 8-K | Current Report | |
| Aug 11, 2023 | 10-Q | Quarterly Report | |
| Jul 27, 2023 | 8-K | Current Report | |
| Jul 24, 2023 | DEF 14A | DEF 14A | |
| Jul 24, 2023 | ARS | ARS | |
| Jul 11, 2023 | PRE 14A | PRE 14A |
AIRT Fair Value
Loading...
Peers (Alternatives to Air T)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
FDX | 59.7B | 88.6B | 0.25% | 68.95% | 17.9 | 0.63 | -6.50% | 16.33% |
DAL | 24.5B | 55.7B | -10.73% | 25.73% | 298.7 | 0.53 | 33.38% | 398.83% |
EXPD | 16.8B | 12.6B | -0.69% | 29.16% | 15.88 | 1.33 | -33.44% | -31.22% |
LUV | 16.7B | 25.1B | -11.15% | -14.10% | 38.46 | 0.66 | 18.83% | -71.05% |
CHRW | 10.0B | 20.1B | -7.79% | -13.30% | 18.71 | 0.5 | -23.75% | -51.25% |
| MID-CAP | ||||||||
XPO | 8.0B | 7.6B | -2.39% | 55.58% | 94.75 | 1.05 | 0.77% | -87.90% |
AAWW | 2.9B | 4.5B | 0.24% | 22.01% | 8.22 | 0.64 | 12.86% | -27.86% |
FWRD | 1.7B | 1.8B | 1.47% | -27.11% | 11.19 | 0.93 | -2.22% | -6.61% |
JBLU | 1.5B | 9.9B | -28.14% | -36.34% | 55.75 | 0.15 | 24.14% | 106.11% |
| SMALL-CAP | ||||||||
SAVE | 2.0B | 5.5B | -2.64% | -26.60% | -4.4 | 0.37 | 29.98% | -29.36% |
ATSG | 1.5B | 2.1B | -4.56% | -16.44% | 9.66 | 0.71 | 7.02% | -29.07% |
RLGT | 276.7M | 1.1B | -14.85% | 0.17% | 13.43 | 0.25 | 49.19% | -53.68% |
AIRT | 62.8M | 267.9M | 6.29% | -2.83% | -5.52 | 0.23 | 40.28% | -223.76% |
HUBG | 2.5M | 4.8B | -0.14% | 11.85% | 0.01 | 5e-4 | -3.92% | -13.56% |
Air T News
Returns for AIRT
Cumulative Returns on AIRT
16.5%
10-Year Cumulative Returns
13.4%
7-Year Cumulative Returns
8.1%
5-Year Cumulative Returns
30.0%
3-Year Cumulative Returns
Risks for AIRT
What is the probability of a big loss on AIRT?
100%
Probability that Air T stock will be more than 20% underwater in next one year
80%
Probability that Air T stock will be more than 30% underwater in next one year.
73.1%
Probability that Air T stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does AIRT drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Air T was unfortunately bought at previous high price.
Drawdowns
Financials for Air T
Income Statement (Last 12 Months)(In Thousands)
| Income Statement (Last 12 Months) | (In Thousands) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 8.3% | 267,892 | 247,323 | 224,384 | 208,421 | 190,971 | 177,077 | 172,367 | 182,753 | 175,119 | 175,121 | 193,997 | 211,478 | 226,567 | 236,785 | 238,510 | 220,696 | 210,870 | 215,502 | 201,633 | 190,648 | 198,642 |
| Operating Expenses | 8.2% | 272,474 | 251,730 | 215,204 | 199,351 | 181,376 | 168,322 | 177,935 | 187,278 | 184,032 | 184,296 | 194,773 | 209,602 | 220,541 | 229,494 | 227,672 | 211,713 | 203,232 | 206,171 | 206,084 | 196,413 | 203,053 |
| S&GA Expenses | 2.2% | 46,405 | 45,384 | 37,987 | 35,479 | 33,430 | 29,817 | 35,153 | 34,461 | 34,934 | 34,264 | 36,052 | 37,299 | 37,620 | 39,781 | 37,811 | 37,309 | 35,897 | 33,607 | 33,654 | 31,858 | 31,138 |
| EBITDA | - | - | - | 15,265 | 12,219 | 20,636 | 20,204 | 5,987 | 9,283 | -2,922 | -4,050 | 3,034 | 2,930 | 6,928 | 12,997 | 18,588 | - | - | - | - | - | - |
| EBITDA Margin | - | - | - | 0.07* | 0.06* | 0.11* | 0.11* | 0.03* | 0.05* | -0.02* | -0.02* | 0.02* | 0.01* | 0.03* | 0.05* | 0.08* | - | - | - | - | - | - |
| Interest Expenses | -0.2% | 7,922 | 7,935 | 7,629 | 6,661 | 5,832 | 4,948 | 4,553 | 4,489 | 4,403 | 4,624 | 3,808 | 3,863 | 4,829 | 4,692 | 5,117 | 5,076 | 3,743 | 3,427 | 3,322 | 2,674 | 2,282 |
| Earnings Before Taxes | 7.0% | -10,560 | -11,353 | 3,938 | 2,515 | 12,464 | 13,396 | -174 | 2,742 | -10,203 | -11,781 | -4,489 | -4,737 | -2,251 | 2,624 | 7,430 | 4,490 | 5,829 | 5,968 | 1,910 | 2,878 | 4,717 |
| EBT Margin | - | - | - | 0.02* | 0.01* | 0.07* | 0.08* | 0.00* | 0.02* | -0.06* | -0.07* | -0.02* | -0.02* | -0.01* | 0.01* | 0.03* | - | - | - | - | - | - |
| Net Income | 7.3% | -11,393 | -12,295 | 1,091 | 419 | 9,206 | 10,928 | 6,352 | 7,279 | -709 | -1,113 | -755 | 369 | 1,089 | 3,577 | 4,565 | 4,174 | 3,781 | 1,861 | 2,304 | 1,234 | 1,762 |
| Net Income Margin | - | - | - | -0.01* | -0.02* | 0.03* | 0.04* | 0.04* | 0.05* | 0.00* | -0.01* | -0.01* | -0.02* | 0.02* | 0.03* | 0.04* | - | - | - | - | - | - |
| Free Cashflow | - | - | - | -18,542 | -25,728 | -28,539 | -34,614 | -16,541 | -21,983 | -10,754 | -5,718 | -26,877 | -34,871 | -36,572 | -27,513 | 8,531 | - | - | - | - | - | - |
Balance Sheet(In Thousands)
| Balance Sheet | (In Thousands) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -1.2% | 187,196 | 189,562 | 212,361 | 225,932 | 213,205 | 207,599 | 163,796 | 155,635 | 145,120 | 140,750 | 185,238 | 148,401 | 153,150 | 151,427 | 158,375 | 142,657 | 133,651 | 115,143 | 116,903 | 117,714 | 97,115 |
| Current Assets | -3.2% | 112,846 | 116,557 | 131,096 | 146,531 | 137,140 | 128,243 | 106,796 | 119,015 | 109,430 | 105,774 | 147,709 | 105,300 | 103,620 | 98,486 | 117,208 | 99,073 | 88,916 | 71,348 | 71,616 | 64,543 | 60,059 |
| Cash Equivalents | -2.5% | 5,659 | 5,806 | 4,753 | 7,071 | 9,523 | 8,368 | 5,839 | 6,274 | 11,427 | 15,927 | 48,825 | 12,869 | 16,656 | 15,571 | 11,536 | 27,434 | 16,197 | 12,417 | 2,729 | 5,612 | 5,747 |
| Inventory | -9.4% | 64,406 | 71,125 | 86,218 | 87,604 | 86,132 | 75,167 | 76,446 | 82,589 | 75,770 | 71,971 | 67,671 | 70,965 | 63,879 | 60,623 | 68,116 | 40,370 | 36,529 | 27,455 | 39,586 | 29,450 | 27,620 |
| Net PPE | 0.2% | 21,488 | 21,439 | 21,252 | 21,338 | 21,262 | 21,212 | 21,328 | 8,912 | 8,457 | 8,519 | 7,588 | 6,095 | 5,190 | 5,272 | 4,172 | 4,310 | 4,752 | 4,264 | 4,905 | 37,071 | 19,418 |
| Goodwill | 0.4% | 10,600 | 10,563 | 10,414 | 10,093 | 10,317 | 10,126 | 4,227 | 4,227 | 4,227 | 4,227 | 4,227 | 4,227 | 4,227 | 4,227 | 4,227 | 4,227 | 4,418 | 4,227 | 4,418 | 4,418 | 4,418 |
| Liabilities | -1.2% | 161,952 | 163,870 | 177,846 | 191,740 | 177,617 | 171,121 | 134,616 | 125,366 | 123,237 | 119,438 | 157,756 | 122,731 | 123,109 | 120,336 | 126,784 | 109,310 | 105,978 | 86,309 | 91,588 | 89,365 | 67,596 |
| Current Liabilities | -22.6% | 49,776 | 64,286 | 67,945 | 73,172 | 29,410 | 30,907 | 21,210 | 22,224 | 30,253 | 28,179 | 63,663 | 69,116 | 60,158 | 67,746 | 76,367 | 56,118 | 60,391 | 52,794 | 56,573 | 43,777 | 34,874 |
| Short Term Borrowings | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9,545 |
| Shareholder's Equity | -4.8% | 11,338 | 11,904 | 21,365 | 23,939 | 25,246 | 25,717 | 21,295 | 22,988 | 14,879 | 14,714 | 21,928 | 20,670 | 24,501 | 25,011 | 23,401 | 27,347 | 20,988 | 23,358 | 22,318 | 25,767 | 27,074 |
| Retained Earnings | -2.9% | 13,289 | 13,686 | 23,153 | 24,802 | 26,222 | 26,729 | 22,283 | 24,059 | 16,321 | 16,270 | 22,105 | 20,007 | 22,927 | 23,768 | 23,180 | 23,610 | 17,970 | 21,191 | 18,694 | 22,076 | 23,418 |
| Additional Paid-In Capital | 10.9% | 807 | 728 | 650 | 571 | 472 | 393 | 315 | 236 | - | - | 1,287 | 2,175 | 3,065 | 2,636 | 1,029 | 2,410 | 1,629 | 2,867 | 4,195 | 4,188 | 4,172 |
| Accumulated Depreciation | 4.9% | 6,946 | 6,624 | 6,345 | 6,015 | 5,675 | 5,405 | 5,111 | 4,866 | 4,622 | 4,510 | 4,785 | 4,631 | 4,454 | 4,319 | 4,104 | 3,935 | 5,978 | 3,470 | 5,356 | 8,749 | - |
| Shares Outstanding | 0.0% | 2,818 | 2,818 | 2,822 | 2,851 | 2,866 | 2,866 | 2,882 | 2,882 | 2,882 | 2,882 | 2,882 | 2,882 | 2,882 | 2,882 | 2,973 | 3,025 | 2,253 | 2,023 | 3,042 | 3,066 | 3,065 |
| Minority Interest | -0.8% | 1,069 | 1,078 | 1,087 | 1,094 | 1,098 | 1,104 | 1,113 | 1,130 | 1,142 | 989 | 991 | 992 | 1,000 | 1,005 | 1,013 | 1,032 | 1,046 | -1,001 | -958 | -938 | -903 |
Cashflow (Last 12 Months)(In Thousands)
| Cashflow (Last 12 Months) | (In Thousands) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 35.6% | 22,924 | 16,909 | -17,209 | -24,277 | -26,794 | -33,084 | -14,852 | -18,950 | -7,305 | -1,819 | -22,040 | -31,299 | -33,797 | -25,074 | 10,043 | 6,668 | 11,607 | 20,936 | -7,376 | 7,557 | 16,584 |
| Cashflow From Investing | 16.8% | -5,129 | -6,168 | -16,932 | -32,788 | -32,999 | -33,388 | -16,722 | 755 | 1,615 | 2,516 | 15,695 | 6,057 | 11,837 | 8,605 | -7,656 | 6,505 | -20,067 | -23,004 | -31,167 | -42,720 | -30,334 |
| Cashflow From Financing | -69.9% | -21,029 | -12,380 | 35,041 | 60,586 | 58,008 | 59,254 | -11,233 | 11,834 | 850 | 71.00 | 33,459 | 10,575 | 22,272 | 19,240 | 15,788 | 8,615 | 18,864 | 9,546 | 33,126 | 38,561 | 16,744 |
| Buy Backs | 24.3% | 1,344 | 1,081 | 1,986 | 1,404 | - | 385 | - | - | - | - | - | - | - | 2,817 | 2,408 | 922 | 872 | 745 | 925 | 46.00 | - |
AIRT Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | |
| Operating Revenues: | ||
| Total revenue | $ 71,431 | $ 50,862 |
| Operating Expenses: | ||
| General and administrative | 12,754 | 11,779 |
| Depreciation and amortization | 690 | 861 |
| Operating expenses | 70,773 | 50,028 |
| Operating Income | 658 | 834 |
| Non-operating (Expense) Income: | ||
| Interest expense | (1,808) | (1,822) |
| Income from equity method investments | 691 | 532 |
| Other | 643 | (154) |
| Nonoperating income (expense) | (474) | (1,444) |
| Income (Loss) before income taxes | 184 | (610) |
| Income Tax Expense | 211 | 192 |
| Net Loss | (27) | (802) |
| Net Income Attributable to Non-controlling Interests | (504) | (631) |
| Net Loss Attributable to Air T, Inc. Stockholders | $ (531) | $ (1,433) |
| Loss per share (Note 6) | ||
| Basic (in dollars per share) | $ (0.19) | $ (0.50) |
| Diluted (in dollars per share) | $ (0.19) | $ (0.50) |
| Weighted Average Shares Outstanding: | ||
| Basic (in shares) | 2,818 | 2,866 |
| Diluted (in shares) | 2,818 | 2,866 |
| Overnight air cargo | ||
| Operating Revenues: | ||
| Total revenue | $ 27,728 | $ 20,564 |
| Operating Expenses: | ||
| Cost of Revenue | 23,712 | 18,071 |
| Depreciation and amortization | 85 | 20 |
| Operating Income | 1,935 | 1,077 |
| Ground equipment sales | ||
| Operating Revenues: | ||
| Total revenue | 11,787 | 5,815 |
| Operating Expenses: | ||
| Cost of Revenue | 10,338 | 4,432 |
| Depreciation and amortization | 34 | 49 |
| Operating Income | (85) | 142 |
| Commercial jet engines and parts | ||
| Operating Revenues: | ||
| Total revenue | 29,846 | 22,855 |
| Operating Expenses: | ||
| Cost of Revenue | 23,279 | 14,885 |
| Depreciation and amortization | 190 | 434 |
| Operating Income | 1,478 | 3,074 |
| Corporate and other | ||
| Operating Revenues: | ||
| Total revenue | 2,070 | 1,628 |
| Operating Expenses: | ||
| Depreciation and amortization | 381 | 358 |
| Operating Income | $ (2,670) | $ (3,459) |
AIRT Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2023 | Mar. 31, 2023 |
|---|---|---|
| Current Assets: | ||
| Cash and cash equivalents | $ 5,659 | $ 5,806 |
| Marketable securities | 365 | 0 |
| Restricted cash | 762 | 1,284 |
| Restricted investments | 1,634 | 2,161 |
| Accounts receivable, net of allowance for doubtful accounts of $1,295 and $1,160 | 32,004 | 27,218 |
| Income tax receivable | 223 | 536 |
| Inventories, net | 64,406 | 71,125 |
| Employee retention credit receivable | 0 | 940 |
| Other current assets | 7,793 | 7,487 |
| Total Current Assets | 112,846 | 116,557 |
| Assets on lease or held for lease, net of accumulated depreciation of $38 and $223 | 16 | 83 |
| Property and equipment, net of accumulated depreciation of $6,946 and $6,624 | 21,488 | 21,439 |
| Intangible assets, net of accumulated amortization of $4,493 and $4,191 | 11,834 | 12,103 |
| Right-of-use ("ROU") assets | 12,133 | 11,666 |
| Equity method investments | 13,954 | 13,230 |
| Goodwill | 10,560 | 10,563 |
| Other assets | 4,365 | 3,921 |
| Total Assets | 187,196 | 189,562 |
| Current Liabilities: | ||
| Accounts payable | 10,580 | 10,449 |
| Income tax payable | 0 | 304 |
| Accrued expenses and other (Note 4) | 14,643 | 13,133 |
| Current portion of long-term debt | 22,721 | 38,736 |
| Short-term lease liability | 1,832 | 1,664 |
| Total Current Liabilities | 49,776 | 64,286 |
| Long-term debt | 98,537 | 86,349 |
| Deferred income tax liabilities, net | 2,581 | 2,417 |
| Long-term lease liability | 11,011 | 10,771 |
| Other non-current liabilities | 47 | 47 |
| Total Liabilities | 161,952 | 163,870 |
| Redeemable non-controlling interest | 12,837 | 12,710 |
| Commitments and contingencies (Note 16) | ||
| Equity: | ||
| Preferred stock, $1.00 par value, 2,000,000 shares authorized | 0 | 0 |
| Common stock, $.25 par value; 4,000,000 shares authorized, 3,026,495 and 3,026,495 shares issued, 2,817,754 and 2,818,374 shares outstanding | 757 | 757 |
| Treasury stock, 208,741 shares at $19.63 and 208,121 shares at $19.62 | (4,098) | (4,083) |
| Additional paid-in capital | 807 | 728 |
| Retained earnings | 13,289 | 13,686 |
| Accumulated other comprehensive income | 583 | 816 |
| Total Air T, Inc. Stockholders' Equity | 11,338 | 11,904 |
| Non-controlling Interests | 1,069 | 1,078 |
| Total Equity | 12,407 | 12,982 |
| Total Liabilities and Equity | $ 187,196 | $ 189,562 |
Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, commercial jet engines and parts, and printing equipment and maintenance services in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2021, this segment had 66 aircraft under the dry-lease agreements with FedEx. Its Ground Equipment Sales segment manufactures, sells, and services aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other specialized equipment. This segment sells its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. Its Commercial Aircraft, Engines and Parts segment offers commercial aircraft trading, leasing, and parts solutions; commercial aircraft storage, storage maintenance, and aircraft disassembly/part-out services; commercial aircraft parts sales, exchanges, procurement services, consignment programs, and overhaul and repair services; and aircraft instrumentation, avionics, and a range of electrical accessories for civilian, military transport, regional/commuter and business/commercial jet, and turboprop aircraft. This segment also provides composite aircraft structures, and repair and support services. Air T, Inc. was incorporated in 1980 and is based in Denver, North Carolina.