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Air T ( (AIRT) ) just unveiled an update.
Air T, Inc. released an updated investor presentation, emphasizing its solid financial performance and strategic growth. For the fiscal year ending March 31, 2024, the company reported a 16% revenue increase, mainly attributed to its overnight air cargo and commercial jet engines segments. However, there was a slight decrease in adjusted EBITDA due to rising costs in specific areas. The company aims to continue enhancing its market position through strategic partnerships and operational efficiency.
More about Air T
Air T, Inc. is an industrious American company founded in 1980, operating 14 businesses with over 600 employees. It focuses on growing intrinsic value per share, with operations in overnight air cargo, commercial jet engines and parts, and ground equipment sales. Two major shareholders control approximately 67% of its common stock.
YTD Price Performance: 2.61%
Average Trading Volume: 13,349
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $54.12M
For detailed information about AIRT stock, go to TipRanks’ Stock Analysis page.
