Air T (AIRT) AI Stock Analysis

• Market Cap: $59.62M
• Dividend Yield: N/A
• Average Volume (3M): 942.00
• Price to Earnings (P/E): ―
• Beta (1Y): -0.16
• Revenue Growth: -1.72%
• EPS Growth: -137.31%
• Country: US
• Employees: 624
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): 1.61
• Shares Outstanding: 2,702,639
• 10 Day Avg. Volume: 705
• 30 Day Avg. Volume: 942
• PEG Ratio: 0.96
• Price to Book (P/B): -14.45
• Price to Sales (P/S): 0.16
• P/FCF Ratio: 5.95
• Enterprise Value/Market Cap: 3.27
• Enterprise Value/Revenue: 0.70
• Enterprise Value/Gross Profit: 3.34
• Enterprise Value/Ebitda: 16.45
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: $17.50 ▼(-6.32% Downside)

Air T's overall stock score is primarily impacted by its weak financial performance and bearish technical indicators. The company's high leverage and negative profitability are significant concerns. The technical analysis indicates a strong downtrend, with oversold conditions suggesting potential further declines. The valuation is unattractive due to the negative P/E ratio and lack of dividends.

Air T Business Overview & Revenue Model

Company Description

Air T, Inc. (AIRT) is a diversified holding company that operates primarily in the air cargo and logistics sector. The company engages in various businesses, including air freight services, ground handling, and cargo transportation. Air T's core products and services revolve around providing efficient and reliable air cargo solutions to customers, enhancing connectivity and logistics capabilities in the aviation industry.

How the Company Makes Money

Air T generates revenue through multiple streams, primarily by offering air freight and cargo services. The company earns money from transporting goods via air, which involves charging clients for shipping services based on weight, distance, and delivery speed. Additionally, Air T benefits from ground handling services, where it manages cargo loading and unloading operations at airports. Key partnerships with airlines and logistics companies enhance its service offerings and expand its customer base. The company may also realize revenue from ancillary services related to cargo logistics, such as warehousing and distribution, which further contribute to its overall earnings.

Air T Financial Statement Overview

Summary

Air T faces significant financial challenges with declining revenues, negative profitability, and high leverage. The company needs to improve its revenue growth and profitability while managing its debt levels to enhance financial stability. Cash flow management appears relatively strong, providing some cushion against operational losses.

Income Statement

Air T's income statement shows a declining revenue trend with a negative revenue growth rate of -5.77% in the TTM period. The company has a negative net profit margin of -2.01%, indicating losses. However, the gross profit margin is relatively stable at around 20.95%, suggesting some operational efficiency. The EBIT and EBITDA margins are low, reflecting challenges in achieving profitability.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 18.22, indicating significant leverage and potential financial risk. The return on equity is negative at -4.90%, reflecting the company's inability to generate profit from shareholders' equity. The equity ratio is low, suggesting a heavy reliance on debt financing.

Cash Flow

Cash flow analysis shows a decline in free cash flow growth by -40.61% in the TTM period. However, the operating cash flow to net income ratio is 0.30, indicating some ability to generate cash from operations despite net losses. The free cash flow to net income ratio is relatively high at 0.93, suggesting efficient cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	279.21M	291.85M	286.83M	247.32M	177.08M	175.12M
Gross Profit	58.49M	60.19M	52.38M	48.83M	39.38M	31.67M
EBITDA	11.86M	7.97M	5.53M	741.00K	20.06M	-4.32M
Net Income	-5.61M	-6.14M	-6.82M	-12.29M	10.93M	-7.28M
Balance Sheet
Total Assets	184.74M	173.78M	177.17M	189.56M	207.60M	140.75M
Cash, Cash Equivalents and Short-Term Investments	18.56M	6.35M	7.10M	5.81M	6.47M	12.40M
Total Debt	133.10M	129.12M	125.20M	137.52M	143.99M	95.94M
Total Liabilities	177.43M	168.24M	158.37M	163.87M	171.12M	119.44M
Stockholders Equity	7.31M	-3.22M	4.77M	11.90M	24.61M	13.72M
Cash Flow
Free Cash Flow	13.00M	7.82M	16.10M	15.73M	-34.64M	-7.82M
Operating Cash Flow	13.95M	23.50M	17.18M	16.91M	-33.08M	-1.82M
Investing Cash Flow	7.94M	-20.19M	-2.50M	-6.17M	-33.39M	2.52M
Financing Cash Flow	-13.55M	-4.80M	-13.91M	-12.38M	59.25M	71.00K

Air T Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 18.68
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AIRT, the sentiment is Negative. The current price of 18.68 is below the 20-day moving average (MA) of 21.33, below the 50-day MA of 22.38, and below the 200-day MA of 20.39, indicating a bearish trend. The MACD of -0.91 indicates Positive momentum. The RSI at 28.59 is Positive, neither overbought nor oversold. The STOCH value of 11.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AIRT.

Air T Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SFWL	72 Outperform	$74.74M	6.48	9.93%	―	21.10%	31.75%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
PAL	62 Neutral	$203.16M	―	-3.26%	―	―	―
PSIG	47 Neutral	$13.82M	―	―	―	―	―
AIRT	39 Underperform	$59.62M	-7.98	-157.83%	―	-1.72%	-137.31%

Air T Corporate Events

Air T, Inc. Reports Improved Profitability Amid Revenue Decline

Air T, Inc. is a diversified American company with a portfolio of businesses in the aviation and logistics sectors, focusing on overnight air cargo, ground support equipment, commercial aircraft, engines and parts, and digital solutions.

Air T Updates Investor Presentation with Financial Insights

AIR T, INC. updated its investor presentation for potential investor groups, reflecting its financial performance and strategic initiatives as of September 30, 2025. The company reported a revenue of $135 million and an adjusted EBITDA of $9.3 million for the six-month period ended September 30, 2025. The update highlights a decrease in revenue compared to the prior year, primarily due to lower sales in the Commercial Aircraft Engines and Parts segment, while the Ground Support Equipment and Digital Solutions segments showed revenue growth. The company continues to focus on empowering dynamic management and capitalizing on growth opportunities across its diverse business segments.

The most recent analyst rating on (AIRT) stock is a Hold with a $22.00 price target. To see the full list of analyst forecasts on Air T stock, see the AIRT Stock Forecast page.

Air T Advances in Regional Express Acquisition

On November 11, 2025, Air T, Inc. announced its progress in acquiring Regional Express Holdings Limited, an Australian regional airline. The acquisition bid received approval from a majority of Rex’s creditors, and Air T anticipates completing the transaction by the end of 2025, pending court and other necessary approvals.

The most recent analyst rating on (AIRT) stock is a Hold with a $22.00 price target. To see the full list of analyst forecasts on Air T stock, see the AIRT Stock Forecast page.

Air T Announces Acquisition of Regional Express Holdings

On October 21, 2025, Air T, Inc. announced its entry into a process to acquire Regional Express Holdings Limited, a regional airline in Australia. The acquisition involves Air T’s indirect subsidiary acquiring all outstanding capital stock of Rex, pending necessary approvals. The transaction is expected to close by the end of 2025, but it is subject to numerous conditions, including court approval, and there is no assurance of completion.

The most recent analyst rating on (AIRT) stock is a Hold with a $21.00 price target. To see the full list of analyst forecasts on Air T stock, see the AIRT Stock Forecast page.

Air T Amends Credit Agreements with Alerus Financial

On September 3, 2025, Air T, Inc. and its subsidiaries entered into several agreements with Alerus Financial, National Association to amend their revolving credit financing and Term Note A. The amendments included a decrease in the interest rate, an extension of the maturity date to August 28, 2027, and an increase in the revolving credit commitment to $20 million. These changes aim to enhance financial flexibility and support the company’s ongoing operations.

The most recent analyst rating on (AIRT) stock is a Hold with a $22.00 price target. To see the full list of analyst forecasts on Air T stock, see the AIRT Stock Forecast page.

Air T, Inc. Reports Increased Revenue Amid Net Loss

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.

Air T Holds Annual Stockholders Meeting, Key Proposals Voted

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.