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Air T

AIRT

Air T Inc is a diversified holding company that operates a portfolio of aviation-focused businesses and financial assets.

Market cap
$82.27M+33.1%
Revenue$371.7M+25.4%
Net income$63.8M+958%
Free cash flow-$64.4M-402%
EPS (diluted)$23.59+967%
Trailing twelve months · change vs. prior year

Earnings

Q1 2027 report

August 14, 2026

Next report

Date not yet announced

Financials

Q1 2027

Income statement

See full
Revenue$115.5M+62.9%
Operating income-$12.8M-1,612%
Net income-$15.8M-866%
EPS (diluted)-$5.86-861%

Balance sheet

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Cash & equivalents$21.7M+42.2%
Total debt$291.2M+82.1%
Total equity$65.2M+1,508%
Total assets$469.1M+147%

Cash flow

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Operating cash flow-$2.8M-158%
CapEx$21.3M+9,131%
Free cash flow-$24.2M-1,721%

Valuation & ratios

Valuation

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Market cap$82.27M+33.1%
Enterprise value$351.78M+77.8%
P/E1.3×—
P/S0.2×0.0×

Profitability

See full
Operating margin-6.7%—
Net margin17.2%+15.2pp
FCF margin-17.3%-24.5pp

Returns & leverage

See full
Debt / equity4.5×—
Current ratio1.4×-0.5×

Segments

By segment

See full
Regional airline$55.9M—
Ground Support Equipment$3.7M—
Digital Solutions$2.6M+25.3%

By product

See full
Regional airline$55.9M—
Corporate and other$1.5M+32.0%
Aviation leasing and asset management$1.4M—

Competitors

Profile

Air T Inc is a diversified holding company that operates a portfolio of aviation-focused businesses and financial assets. The company specializes in overnight air cargo services, the manufacture of aviation ground support equipment, and the management and trading of commercial aircraft assets. Its core value proposition lies in leveraging an integrated service platform to provide operational continuity and specialized technical services across the global aviation industry.

Competitive position

A leading provider in the niche FedEx feeder network and the operator of the world's largest Saab 340 fleet.

GeographiesUnited States, Australia, Caribbean, United Kingdom, Netherlands
Customer segmentsGovernment and Military, Commercial Airlines, Logistics Providers, Enterprise
Business modelAsset-light logistics, Manufacturing, Subscription SaaS, Asset leasing, MRO services
SuppliersAircraft manufacturers (Cessna, ATR, Saab), Engine manufacturers (CFM International, IAE), Truck chassis suppliers, Raw material suppliers (steel, stainless steel)
CustomersFedEx Express, U.S. Air Force, QantasLink, Global commercial airlines, Regional Australian passengers
Listed1984
Employees624.0
CEONicholas John Swenson
Websiteairt.net
FilingsSEC EDGAR

FAQ

What is Air T's market cap?
Air T (AIRT) has a market capitalization of $82.3M and trades on NASDAQ.
What is Air T's revenue and profitability?
Air T generated $371.7M in trailing twelve-month revenue with net income of $63.8M, representing a net margin of 17.2%, with free cash flow of -$64.4M. The latest reported period is Q1 2027.
Who are Air T's competitors?
Air T's key competitors include AAR Corp., AerSale Corporation Common Stock, VSE Corp, and others. These companies compete in similar markets and product categories.
Who does Air T partner with?
Air T's notable partners include FedEx, Commonwealth of Australia, Qantas.
What subsidiaries does Air T have?
Air T's subsidiaries include Mountain Air Cargo, Inc., Global Ground Support, LLC, Contrail Aviation Support, LLC, and others.
Where is Air T headquartered?
Air T is headquartered in United States of America and employs approximately 624 people. It has been publicly traded since 1984.