Air T, Inc. ( (AIRT) ) has released its Q1 earnings. Here is a breakdown of the information Air T, Inc. presented to its investors.
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Air T, Inc., a diversified holding company, operates in the aviation and logistics sectors, providing overnight air cargo, ground support equipment, and digital solutions. In its latest quarterly earnings report, Air T, Inc. reported operating revenues of $70.87 million, an increase from the previous year’s $66.41 million, driven by growth in ground support equipment and digital solutions. However, the company faced a net loss of $1.64 million, compared to a loss of $335,000 in the same period last year, primarily due to increased interest expenses and losses from equity method investments. Despite the challenges, Air T, Inc. continues to focus on strategic acquisitions, such as the recent purchase of Royal Aircraft Services, LLC, to enhance its overnight air cargo segment. Looking ahead, the company remains committed to leveraging its diverse portfolio to navigate market uncertainties and drive long-term growth.