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Air T
(NASDAQ:AIRT)
Air T (AIRT) vs. SPDR S&P 500 ETF (SPY)
Air T Business Overview & Revenue Model
Air T Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 296.31M | 291.85M | 286.83M | 247.32M | 177.08M | 175.12M |
| Gross Profit | 60.28M | 60.19M | 56.48M | 48.83M | 39.38M | 31.67M |
| EBITDA | 7.96M | 7.97M | 5.85M | 1.07M | 20.43M | -4.03M |
| Net Income | -7.44M | -6.14M | -6.82M | -12.29M | 10.93M | -7.28M |
Balance Sheet | ||||||
| Total Assets | 190.04M | 173.78M | 177.17M | 189.56M | 207.60M | 140.75M |
| Cash, Cash Equivalents and Short-Term Investments | 14.95M | 6.35M | 7.10M | 5.81M | 6.47M | 12.40M |
| Total Debt | 139.12M | 129.12M | 125.20M | 137.52M | 143.99M | 95.94M |
| Total Liabilities | 184.75M | 168.24M | 158.37M | 163.87M | 171.12M | 119.44M |
| Stockholders Equity | 5.29M | -3.22M | 4.77M | 11.90M | 24.61M | 13.72M |
Cash Flow | ||||||
| Free Cash Flow | 22.13M | 7.82M | 16.10M | 15.73M | -34.64M | -7.82M |
| Operating Cash Flow | 22.29M | 23.50M | 17.18M | 16.91M | -33.08M | -1.82M |
| Investing Cash Flow | -24.92M | -20.19M | -2.50M | -6.17M | -33.39M | 2.52M |
| Financing Cash Flow | 9.07M | -4.80M | -13.91M | -12.38M | 59.25M | 71.00K |
Air T Technical Analysis
Air T Risk Analysis
Air T Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $10.71B | 16.03 | 7.42% | 2.02% | 2.57% | -16.39% | |
51 Neutral | $65.54M | ― | -790.22% | ― | 5.14% | -17.39% | |
| ― | $5.61M | ― | -16.84% | ― | ― | ― | |
73 Outperform | $85.77M | 7.81 | 9.67% | ― | 24.75% | 5.52% | |
52 Neutral | $217.87M | ― | -2.85% | ― | ― | ― | |
43 Neutral | $10.11M | ― | -5.73% | ― | ― | ― | |
| ― | $13.01M | ― | ― | ― | ― |
Air T Corporate Events
On August 14, 2025, Air T held its Annual Meeting of Stockholders, where 91.54% of the company’s outstanding shares were represented. During the meeting, stockholders voted on several key proposals, including the election of directors, approval of executive compensation, and an amendment to increase authorized preferred shares. The appointment of Deloitte & Touche LLP as the independent registered public accounting firm for 2025 was also ratified.
Air T, Inc. has updated its investor presentation, reflecting its financial performance and strategic positioning. For the fiscal year ending March 31, 2025, the company reported revenues of $291.9 million and an adjusted EBITDA of $7.4 million, with a notable increase in ground support equipment sales. The company continues to focus on empowering dynamic management and creating long-term value, while addressing risks such as economic conditions and contract modifications with FedEx.
On July 15, 2025, CASP Leasing I, LLC, a subsidiary of Contrail Aviation Support, LLC, completed the sale of two Airbus aircraft with engines for over $18 million to FTAI Aircraft Leasing Ireland (2025) DAC. This transaction involved the assignment of lease rights and obligations to the new lessor, marking a significant financial move for the company.
Air T, Inc. has updated its investor presentation, highlighting a 2% revenue increase for the fiscal year ending March 31, 2025, compared to the previous year. The company reported revenues of $291.9 million and an adjusted EBITDA of $7.4 million. Key growth areas included overnight air cargo and digital solutions, while the commercial aircraft engines and parts segment saw a revenue decrease due to a lower supply of assets. The company’s strategic focus on empowering dynamic management and securing attractive returns on capital aims to drive long-term value creation.
On June 19, 2025, CASP Leasing I, LLC, a subsidiary of Contrail Aviation Support, LLC, entered into agreements to sell two Airbus aircraft to FTAI Aircraft Leasing Ireland (2025) DAC, with a total transaction value exceeding $25 million. The transactions are expected to close during the week of July 7, 2025, but are subject to various conditions, and there is no guarantee of completion on the anticipated dates. The agreements include representations and warranties that are not intended for reliance by third parties, as they are subject to important qualifications and limitations.
On May 30, 2025, Air T, Inc. and its subsidiary AAM 24-1, LLC entered into new transaction documents with institutional investors, replacing previous financing agreements. The new agreement involves a Multiple Advance Senior Secured Note with a principal amount of up to $100 million, with an initial advance of $40 million and future advances scheduled through 2027. The note bears an annual interest rate of 8.5% and matures in 2035, with provisions for prepayment and reinvestment. This strategic refinancing aims to enhance Air T’s financial flexibility and strengthen its market position.
On May 15, 2025, Mountain Air Cargo, Inc., a subsidiary of Air T, Inc., acquired Royal Aircraft Services, LLC, which specializes in aircraft painting, maintenance, repair, and overhaul services. This acquisition will be integrated into MAC’s operations. To finance the acquisition, Air T and its subsidiaries amended their credit agreement with Alerus Financial, securing a term loan of $1,050,000, which matures in 2030.
Air T has updated its investor presentation to provide potential investors with the latest insights into its operations and strategic direction. This update is part of the company’s ongoing efforts to engage with stakeholders and provide transparency about its business model, which includes managing a diverse portfolio of aviation-related businesses. The presentation highlights Air T’s financial growth over the years, its strategic investments, and its decentralized organizational design, which allows for dynamic management and operational success. This move is expected to enhance Air T’s industry positioning and provide stakeholders with a clearer understanding of its market approach.