Air T Inc (AIRT)

Air T, Inc. Reports Fiscal 2026 ResultsJune 29, 2026 9:30 AM
ACCESS NewswireCHARLOTTE, NC / ACCESS Newswire / June 29, 2026 / Air T, Inc. (NASDAQ:AIRT) is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. We seek dynamic individuals and teams to operate companies with processes and insights that drive increasing value over time. We believe we can invest corporate resources to help activate growth and overcome challenges.Our core segments are overnight air cargo; ground support equipment; commercial aircraft, engines and parts; digital solutions; and regional airline.Today, Air T announced results for the fiscal year ended March 31, 2026:Revenues totaled $327.1 million for the fiscal year ended March 31, 2026, an increase of $35.2 million, or 12% from the prior fiscal year. Revenues for the fiscal year ended March 31, 2026 included $55.3 million related to our acquisition of Regional Express Holdings Pty Ltd ("Rex") completed on December 18, 2025.Operating loss was $11.2 million for the fiscal year ended March 31, 2026, compared to operating income in the prior fiscal year of $1.9 million.Earnings before income taxes were $86.0 million for the fiscal year ended March 31, 2026, compared to a loss before income taxes of $5.0 million in the prior fiscal year. Results for the fiscal year ended March 31, 2026 include a $111.2 million non-cash bargain purchase gain related to the Rex acquisition. The gain does not represent cash generated by Rex or operating income from Rex's business.Adjusted EBITDA* was $10.1 million for the fiscal year ended March 31, 2026, compared to $7.4 million in the prior fiscal year.The investment balance for the Company's equity method investees was $26.1 million at March 31, 2026, compared to $19.0 million at March 31, 2025.Net income per share was $28.85 for the fiscal year ended March 31, 2026, compared to net loss per share of $2.23 for the prior fiscal year. As noted above, fiscal year 2026 results include a $111.2 million non-cash pre-tax bargain purchase gain related to the Rex acquisition.*Adjusted EBITDA is a non-GAAP financial measure; see below for further explanation and reconciliation to GAAP measure.Company Chairman and CEO Nick Swenson commented:"Air T's fiscal 2026 represents an important year of transformation. The completion of the Rex acquisition and Crestone's merger with Arena in the first quarter of fiscal 2027 will be transformative to our long-term balance sheet and income statement. Our current year results were subject to significant expenses associated with the Rex acquisition, and just over three months of Rex's operating activity in our income statement during their seasonally slow summer. We believe that both acquisitions will be significant positive generators of shareholder value over time.Moreover, we believe our allocator-operator model - making space for dynamos- continues to be an intangible driver of shareholder value. Leaders are motivated when they have their own ship to sail on a course of their choosing.We know that Air T is difficult to understand and clearly some will put us in the "too hard" pile. And while it's certainly possible we are too optimistic, our perception is that the underlying businesses in the Air T portfolio have continued to perform well and are set on a course to build per share value over time."Business Segment ResultsOvernight Air CargoThis segment provides air express delivery services, primarily for FedEx Corporation, and repair services.Revenues from the overnight air cargo segment increased by $3.8 million (3%) for the fiscal year ended March 31, 2026 compared to the prior fiscal year. The increase was driven by Worldwide Aircraft Services, Inc. ("WASI") and Royal Aircraft Services, LLC ("Royal"). Royal was acquired in May 2025, driving an additional $1.5 million in revenue with no prior-year comparable. WASI experienced an increase in revenue of $2.8 million, driven by increases in labor revenue from expanded third-party maintenance activity and project-based revenue. Revenues at Mountain Air Cargo, Inc. ("MAC") and CSA Air, Inc. ("CSA") remained relatively consistent with the prior year.Adjusted EBITDA* for this segment was $6.9 million for the fiscal year ended March 31, 2026, an increase of $0.1 million when compared to the prior fiscal year, as WASI's substantial improvement offset declines at MAC and CSA.Ground Support Equipment ("GGS")This segment-which includes some of the world-leading offerings in the category-manufactures, repairs, and maintains mobile deicers and other specialized ground-support equipment. Customers include passenger and cargo airlines, airports, the military, and other industrial customers.Revenues for this segment totaled $47.2 million for the fiscal year ended March 31, 2026, up 21% versus $38.9 million in the prior fiscal year. The increase was driven primarily by new and expanded deicing contracts and catering equipment sales, partially offset by lower overhaul revenue.Adjusted EBITDA* for this segment was $4.3 million in the fiscal year ended March 31, 2026, compared to an adjusted EBITDA* loss of $0.8 million in the prior fiscal year. The improvement reflects an $8.2 million revenue increase generating approximately $6.4 million of incremental gross margin and the elimination of elevated inventory carrying costs and overhead variances that weighed on prior fiscal year results.At March 31, 2026, this segment's order backlog was $0.6 million compared to $14.3 million at March 31, 2025. The decrease was driven by the timing of the annual U.S. Air Force order, which was placed in May 2026.Commercial Aircraft, Engines and PartsThis segment acquires, leases, manages, repairs, disassembles, and sells commercial aircraft, jet engines, and aviation components, and provides related asset management, procurement, overhaul, repair, and logistics services.Revenues for this segment totaled $89.9 million for the fiscal year ended March 31, 2026, a decrease of $29.5 million from the prior fiscal year. The decrease was driven primarily by a $38.8 million decrease in component sales at Contrail. The prior fiscal year reflected an elevated level of trading activity not expected to recur at that level in the foreseeable future. The decrease in revenue at Contrail was partially offset by activity at the other companies in this segment. Most notably, Worthington Aviation, LLC ("Worthington") revenues increased by $7.8 million year-over-year, or 23%, to $41.0 million, reflecting maintenance, repair and overhaul ("MRO") volume growth and expansion in Australia. Landing Gear Support Services, Inc. ("LGSS") revenues increased by $1.2 million year-over-year, or 36%, to $4.6 million, driven by a brokered landing gear sale and incremental lease revenue. Jet Yard Companies won new major projects and additional off-site teardown projects.Adjusted EBITDA* for this segment was $7.3 million for the fiscal year ended March 31, 2026, compared to $9.2 million in the prior fiscal year. The decrease was primarily attributable to Contrail's revenue-driven decline, partially offset by improvement at Jet Yard Companies and LGSS. The earnout remeasurement gain of $0.7 million and inventory write-down of $0.9 million are recorded within this segment.Digital SolutionsThis segment develops and provides digital aviation and other business services to customers within the aviation industry to generate recurring subscription revenues.The digital solutions segment contributed $9.1 million of revenues for the fiscal year ended March 31, 2026, compared to $7.3 million in the prior fiscal year. The increase of $1.8 million was primarily due to increased revenue of $1.8 million at WorldACD, reflecting growth in data analytics and airspace management engagements. Revenue at Ambry Hills Technology, LLC remained flat at $0.9 million for the fiscal year ended March 31, 2026, with annual recurring revenue at $1.1 million.Adjusted EBITDA* loss for this segment was $0.4 million for the fiscal year ended March 31, 2026. Adjusted EBITDA* loss increased by $0.2 million in the current fiscal year, primarily due to WorldACD's improvement being offset by wider losses at Ambry Hills Technology.Regional AirlineThis segment provides scheduled regional passenger and cargo airline services in Australia, operating a fleet of aircraft serving regional communities and connecting passengers to major metropolitan centers.Regional airline revenues for the fiscal year ended March 31, 2026 were $55.3 million, representing the contribution of Rex for the period from its acquisition date of December 18, 2025 through March 31, 2026. There is no prior-year comparable. Revenue consisted of passenger revenue, ancillary fees, freight and charter, and government subsidy income.Adjusted EBITDA*for this segment was less than $0.1 million for the fiscal year ended March 31, 2026. The significant add-backs to this segment's operating loss of $14.2 million includes $8.8 million of depreciation and amortization, $2.0 million of non-recurring post-acquisition integration expenses and $3.4 million of landholder duty charges, a one-time transaction-based tax imposed by Australian state and territory governments on the transfer of interests in landholding entities, incurred as a direct result of the acquisition.*Adjusted EBITDA is a non-GAAP financial measure; see below for further explanation and reconciliation to GAAP measures.Non-GAAP Financial MeasuresThe Company uses adjusted earnings before taxes, interest, and depreciation and amortization ("Adjusted EBITDA"), a non-GAAP financial measure, to evaluate the Company's financial performance. The Company defines Adjusted EBITDA as operating income (loss), adjusted for depreciation and amortization and the other items shown in the reconciliation below.Management believes that Adjusted EBITDA is a useful measure of the Company's performance because it provides investors additional information about the Company's operations allowing better evaluation of underlying business performance and better period-to-period comparability. We may periodically review and update our non-GAAP financial measures based on our determination of their relevance to our business which could result in the addition or elimination of select non-GAAP financial measures in the future. Adjusted EBITDA is not intended to replace or be an alternative to operating income, the most directly comparable amounts reported under GAAP.The following table provides a reconciliation of operating (loss) income to Adjusted EBITDA (in thousands): Year Ended March 31, 2026 March 31, 2025 Operating (loss) income $(11,197) $1,908 Depreciation and amortization (excluding leased assets depreciation)1 11,661 2,998 Inventory write-down and reserves 850 1,463 (Gain) loss on sale of property and equipment (65) 15 Securities issuance expenses 136 212 Share-based compensation 175 88 Severance expenses 100 244 Earnout remeasurement (666) 435 Landholder duty charges 3,444 - Acquisition and integration expenses 5,687 - Adjusted EBITDA $10,125 $7,363 (1) Depreciation expense of $0.7 million and $1.4 million was excluded for the fiscal years ended March 31, 2026 and 2025, respectively.The following table provides the Company's Adjusted EBITDA by segment (in thousands): Year Ended Change March 31, 2026 March 31, 2025 Mountain Air Cargo, Inc. $4,134 $5,298 $(1,164)CSA Air, Inc. 814 863 (49)Worldwide Aircraft Services, Inc. 2,160 616 1,544 Royal Aircraft Services, LLC (182) - (182)Overnight Air Cargo 6,926 6,777 149 Contrail Aviation Support, LLC 9,989 12,567 (2,578)AirCo, LLC, AirCo 1, LLC, AirCo 2, LLC and AirCo Services, LLC (2,002) (1,878) (124)Worthington Aviation, LLC (719) 197 (916)Jet Yard, LLC and Jet Yard Solutions, LLC (23) (1,133) 1,110 Air'Zona Aircraft Services, Inc. 132 174 (42)Landing Gear Support Services, Inc. (47) (714) 667 Commercial Aircraft, Engines and Parts 7,330 9,213 (1,883)Global Ground Support, LLC 4,251 (773) 5,024 Ground Support Equipment 4,251 (773) 5,024 Ambry Hill Technology, LLC (3,563) (2,704) (859)WorldACD Market Data B.V. 3,135 2,432 703 Digital Solutions (428) (272) (156)Regional Express Holdings Pty Ltd 10 - 10 Regional Airline 10 - 10 Reportable segments total 18,089 14,945 3,144 Corporate and Other (8,862) (8,476) (386)Intersegment eliminations 898 894 4 Consolidated Air T, Inc. $10,125 $7,363 $2,762 NOTE REGARDING STAKEHOLDER QUESTIONSIf you have questions related to this release or other Air T matters, please use our interactive Q&A capability, through Slido.com, accessible from our website, to submit your questions. We intend to keep that link open and available for shareholder questions. Questions submitted through Slido will be answered "live" and in writing at our Annual Meeting, and via a written response on a quarterly basis. Note that legal and pragmatic requirements restrict us from answering every question posted, yet we intend to address all reasonable and relevant questions with a written answer.ABOUT AIR T, INC.Established in 1980, Air T, Inc. is a portfolio of powerful businesses and financial assets, each of which is independent yet interrelated. Its core segments are overnight air cargo, ground support equipment, commercial aircraft, engines and parts, regional airline and digital solutions. We seek to expand, strengthen and diversify Air T's after-tax cash flow per share. Our goal is to build Air T's core businesses, and when appropriate, to expand into adjacent and other industries. We seek to activate growth and overcome challenges while delivering meaningful value for all stakeholders. For more information, visit www.airt.com. The information on our website is available for information purposes only and is not incorporated by reference into this press release.FORWARD-LOOKING STATEMENTSCertain statements in this press release, including those contained in "Overview," are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the Company's financial condition, results of operations, plans, objectives, future performance and business. Forward-looking statements include those preceded by, followed by or that include the words "believes", "pending", "future", "expects," "anticipates," "estimates," "depends" or similar expressions. These forward-looking statements involve risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements, because of, among other things, potential risks and uncertainties, such as:An inability to finance our operations through bank or other financing or through the sale or issuance of debt or equity securities;Economic and industry conditions in the Company's markets;The risk that contracts with FedEx could be terminated or adversely modified;The risk that the number of aircraft operated for FedEx is reduced;The risk that GGS customers will defer or reduce significant orders for deicing equipment;The impact of any terrorist activities or armed conflict on U.S. soil or abroad;Changes in U.S. and foreign trade regulations and tariffs;The Company's ability to manage its cost structure for operating expenses, or unanticipated capital requirements, and match them to shifting customer service requirements and production volume levels;The Company's ability to meet debt service covenants and to refinance existing debt obligations;The risk of injury or other damage arising from accidents involving the Company's overnight air cargo operations, equipment or parts sold and/or services provided;Market acceptance of the Company's commercial and military equipment and services;Competition from other providers of similar equipment and services;Changes in government regulation and technology;The risk that we may not successfully integrate Rex (including financial reporting, systems, and personnel), which could adversely affect our results and reporting;The risk that Rex's revenues and operating costs may be volatile or unpredictable and that we may be unable to offset cost increases or revenue decreases through pricing, surcharges, cost reductions, or other measures, which could adversely affect our results;The risk that Rex may be unable to return aircraft to service on anticipated timelines, to retain regulated route contracts and protected airport slots, or to maintain compliance with the Rex Regional Commitments under the Commonwealth Facilities;The risk that the bargain purchase gain recognized in connection with the Rex acquisition may increase scrutiny by investors, regulators, creditors, or other parties regarding the valuation assumptions and accounting judgments used in determining the purchase price allocation and bargain purchase gain;The risk that Rex's operations are subject to extensive regulation and oversight and that compliance failures or adverse regulatory actions could materially harm our business and results;The risk that the Rex transaction structure, including the Australian DOCA/administration process, could result in unexpected liabilities, claims, or delays that could materially harm our results and liquidity;The risk that fluctuations in the Australian dollar/U.S. dollar exchange rate may adversely affect our reported revenues, expenses, assets, liabilities, cash flows, and financing obligations;The risk that fuel prices, fuel availability, and related currency exposure may adversely affect Rex's operating costs and results, and that Rex may be unable to offset such increases through fares, surcharges, capacity management, or other measures;The risk that Rex may require additional liquidity to support ongoing operations, fleet reactivation, working capital, debt service, and compliance with the Commonwealth Facilities;The risk that labor disputes, work stoppages, unsuccessful Enterprise Agreement negotiations, wage escalations, or shortages of pilots, engineers, flight attendants, or other skilled personnel may disrupt Rex's operations or increase costs;The risk that non-compliance with the Rex Regional Commitments or the Commonwealth Facilities could increase interest costs, trigger defaults, or permit the Commonwealth to exercise remedies against collateral securing the facilities;Changes in the value of marketable securities held as investments;Mild winter weather conditions reducing the demand for deicing equipment;Market acceptance and operational success of the Company's aircraft asset management business and related aircraft capital joint venture; andDespite our current indebtedness levels, we and our subsidiaries may still be able to incur substantially more debt, which could further exacerbate the risks associated with our substantial leverage.We also wish to caution investors that other factors might in the future prove to be important in affecting our results of operations. New factors emerge from time to time. It is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on the business or the extent to which any factor, or a combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.CONTACT
Tracy Kennedy
Chief Financial Officer
tkennedy@airt.comSOURCE: Air T, Inc.View the original press release on ACCESS NewswireOriginal: Air T, Inc. Reports Fiscal 2026 Results

Crestone Air Partners, an Air T Business, Completes Acquisition of Arena Aviation Capital, Surpassing $3.6 Billion in Assets Under ManagementJune 16, 2026 5:10 PM
ACCESS NewswireMilestone reflects Air T's permanent-capital, buy-to-build model and the momentum of its networked aviation portfolioMINNEAPOLIS, MN / ACCESS Newswire / June 16, 2026 / Air T, Inc. (NASDAQ:AIRT) today announced that its majority owned business Crestone Air Partners, a global aviation asset management platform, has completed its acquisition of Arena Aviation Capital - a well-established aviation asset manager with a diversified portfolio and deep airline relationships. The transaction, first disclosed on March 8, 2026, has now closed following the satisfaction of all customary closing conditions and required approvals.The acquisition materially expands Crestone. Assets under management (AUM) as of December 31, 2025, were $800 million; as of March 31, 2026, AUM had grown to $1.2 billion; and post-transaction, the combined platform now comprises $3.6 billion of AUM. Crestone receives standard aviation industry management fees, including origination fees, administrative fees, disposition fees, and an incentive fee above a certain hurdle rate (which varies by investment transaction). Our aviation asset management platforms seek to generate 10%+ returns after fees.Immediately prior to the closing, Air T owned 90% of the common interests in Crestone Asset Management, LLC ("CAM"). At this same time, entities controlled by the Mill Road Investors collectively owned the remaining 10% of the common interests in CAM. In connection with the transactions, Air T and Aviation Growth Initiatives, LLC ("AGI"), a management-affiliated entity formed by executives of Crestone Air Partners, Inc., acquired the MRC Parties' 10% common interest position in CAM at a pre-money valuation of $62 million for aggregate cash consideration of $6.2 million. In connection with the reorganization, the parties also amended CAM's limited liability company agreement to reflect the exit of the MRC parties from the common interest holder group.On the closing date, Blue Owl Capital bought in to Crestone Air Partners at an $80 million valuation post-merger for up to 12.5% of Crestone Air Partners, dependent upon Crestone performance. Air T now owns approximately 83.9% of the equity of this business.This transaction is a clear expression of how Air T invests. We are a permanent capital vehicle - buying to build, not to trade - and we give the leaders of our businesses the runway and resources to grow on their own terms."We buy to build and empower dynamos and dynamic teams. Our investments don't come with expiration dates," said Nick Swenson, Chief Executive Officer of Air T, Inc. "Crestone has grown from zero to over $3.5 billion dollars in assets under management in five years. Our job was to provide permanent capital and the runway, then let Crestone build. Crestone's leasing capabilities are supported by the AirT network: airframe and engine material sales, landing gear leasing, disassembly, storage, and MRO facilities all sit inside the Air T family. Crestone can draw on every one of them across an aircraft's life. Aviation has a lot of niche, high-value businesses within it, and we seek to know them well. That's the momentum a networked portfolio creates - and we intend to keep at it."For additional information on the transaction, please refer to the Crestone Air Partners Press Release.NOTE REGARDING STAKEHOLDER QUESTIONSIf you have questions related to this release or other Air T matters, please use our interactive Q&A capability, through Slido.com, accessible from our website, to submit your questions. We intend to keep that link open and available for shareholder questions. Questions submitted through Slido will be answered "live" and in writing at our Annual Meeting, and via a written response on a quarterly basis. Note that legal and pragmatic requirements restrict us from answering every question posted, yet we intend to address all reasonable and relevant questions with a written answer.ABOUT AIR T, INC.Established in 1980, Air T Inc. is a portfolio of powerful businesses and financial assets, each of which is independent yet interrelated. Its core segments are overnight air cargo, ground support equipment, commercial aircraft, engines and parts, regional airline and digital solutions. We seek to expand, strengthen and diversify Air T's after-tax cash flow per share. Our goal is to build Air T's core businesses, and when appropriate, to expand into adjacent and other industries. We seek to activate growth and overcome challenges while delivering meaningful value for all stakeholders. For more information, visit www.airt.com. The information on our website is available for information purposes only and is not incorporated by reference into this press release.CONTACTTracy Kennedy, Chief Financial Officer
tkennedy@airt.comSOURCE: Air T, Inc.View the original press release on ACCESS NewswireOriginal: Crestone Air Partners, an Air T Business, Completes Acquisition of Arena Aviation Capital, Surpassing $3.6 Billion in Assets Under Management

Crestone Air Partners to Acquire Arena Aviation CapitalMarch 9, 2026 9:15 AM
ACCESS NewswireDENVER, COLORADO / ACCESS Newswire / March 9, 2026 / Crestone Air Partners, a global aviation asset management platform majority owned by Air T, Inc. (NASDAQ:AIRT), has entered into a definitive agreement to acquire Arena Aviation Capital, a well-established aviation asset manager with a diversified portfolio and deep airline relationships. The transaction is subject to closing conditions and approvals.The acquisition materially expands Crestone's aviation lifecycle platform, enhancing its size and breadth of capabilities. Upon closing, the combined platform is expected to comprise approximately 124 aircraft and 17 engines on lease to customers globally, with over US$4 billion of assets under management and more than 55 employees across 5 countries, strengthening Crestone's position as a leading full-service aviation asset manager headquartered in Denver with a broad operating footprint.Arena brings a seasoned team, a complementary portfolio, and deep expertise that aligns closely with Crestone's lifecycle-oriented investment approach. The combined organization will maintain offices in Denver, Amsterdam, and Dublin, with satellite presences in Singapore and Buenos Aires, supporting airline relationships globally."This transaction is a natural strategic fit and reflects our belief that the industry benefits from disciplined consolidation," said Kevin Milligan, CEO and Co-Founder of Crestone Air Partners. "Global coverage and scaled capital are essential to delivering durable value. Arena brings a highly respected team, with an excellent track record, strong technical capabilities, and long-standing relationships with aircraft owners and airlines.""For Arena, this transaction marks an important milestone following more than a decade of building the business," said Patrick den Elzen, CEO of Arena Aviation Capital. "I am immensely proud of what my partners and our team have achieved, growing Arena into a trusted and respected aircraft lease management platform. We believe joining Crestone is the right next chapter, creating new opportunities for our team, strengthening our offering to investor clients, and positioning the platform for long-term success."A portion of Arena Aviation Capital's management team will play key roles within the combined organization. Crestone anticipates a seamless integration focused on continuity for airline customers, capital partners, and employees. The combined group will leverage synergies across asset management, technical services, lease administration, and market intelligence, enabling more efficient operations and enhanced support for aircraft owners throughout the asset lifecycle.Crestone was advised by Pillsbury Winthrop Shaw Pittman LLP as legal counsel, Kroll, LLC as financial advisor, and PwC on tax matters.About Crestone Air PartnersCrestone Air Partners, Inc. (CAP) invests in commercial jet aircraft and the engines that power them on behalf of our capital partners. We are a full-service aviation asset management platform with a diverse portfolio of aircraft and engines leased to airlines globally. We target transactions throughout the asset lifecycle, taking a collaborative approach with our clients by offering flexible lease terms tailored to our customers' requirements. Crestone brings unique value to transactions by drawing on the expertise and capabilities of interrelated aviation specialist subsidiary businesses across the Air T family (airframe material sales, landing gear leasing, engine material sales, disassembly, and aircraft storage). Crestone is headquartered in Denver, Colorado, and is a business unit of Air T, Inc. holding company (NASDAQ:AIRT). Additional information can be found at: www.crestoneairpartners.com.About Arena Aviation CapitalArena Aviation Capital (www.arena-aviationcapital.com) is a full-service aircraft investment management company focusing on the complete life cycle of acquiring and leasing used commercial aviation assets, servicing investment and airline customers worldwide, and providing services including the origination, financing, risk management, and administration (finance/accounting and legal) of commercial aviation assets. Arena today manages aircraft and engines leased to airline customers worldwide.About Air T, Inc.Established in 1980, Air T Inc. is a portfolio of powerful businesses and financial assets, each of which is independent yet interrelated. Its core segments are overnight air cargo, ground support equipment, commercial aircraft, engines and parts, digital solutions, and regional airline. We seek to expand, strengthen and diversify Air T's after-tax cash flow per share. Our goal is to build Air T's core businesses, and when appropriate, to expand into adjacent and other industries. We seek to activate growth and overcome challenges while delivering meaningful value for all stakeholders. For more information, visit www.airt.com.ContactRichard Schact
SVP, Finance & Operations
r.schacht@crestoneairpartners.comSOURCE: Air T, Inc.View the original press release on ACCESS NewswireOriginal: Crestone Air Partners to Acquire Arena Aviation Capital

Air T, Inc. Announces Intent to Raise Additional Capital Through Trust Preferred SecuritiesFebruary 13, 2026 5:10 PM
ACCESS NewswireMINNEAPOLIS, MINNESOTA / ACCESS Newswire / February 13, 2026 / Air T, Inc. (NASDAQ:AIRT) today announced its intention to raise additional capital through the company's outstanding trust preferred security, the Alpha Income Preferred Securities (NASDAQ:AIRTP), issued by Air T Funding and guaranteed by Air T, Inc. The company plans to access capital periodically and opportunistically through its at-the-market ("ATM") facility, allowing Air T to raise funds efficiently as strategic opportunities arise.In addition to the ATM program, the Company may also offer the same Alpha Income Preferred Securities through privately negotiated placements with institutional investors when such transactions align with its capital strategy.Strategic RationaleAir T is currently evaluating several high-potential initiatives, including the expansion of its Commercial Aircraft Engine and Parts segment and deploying additional capital to support one of its existing investees. Preserving balance sheet flexibility remains a central priority as the company continues to pursue disciplined growth."We are excited about the opportunities immediately in front of us and want to ensure we can take decisive action when the timing is right," said Tracy Kennedy, Air T's CFO. "The flexibility afforded by our trust preferred security and our ATM program provides us with an efficient path to raise capital while remaining thoughtful about dilution and cost of capital. These tools position us to move quickly on initiatives we believe will drive meaningful long-term value for shareholders."Shelf Registration FrameworkThe company's shelf registration statement operates under the SEC's "baby shelf" provisions, applicable to issuers with a public float below $75 million. Under these rules, eligible issuers may use Form S-3 to conduct primary offerings but are limited in the amount of securities they may sell under the shelf during any 12-month period. This structure allows smaller public companies to move quickly in the capital markets while maintaining guardrails designed to protect investors and ensure appropriate disclosures.This framework enables Air T to raise capital incrementally, matching capital deployment to strategic timing rather than relying on large, infrequent offerings.Commitment to Long-Term GrowthAir T remains committed to growing the value of its diversified portfolio of operating companies and investments. By utilizing the flexibility of its trust preferred security, the Company believes it can continue to seize opportunities that align with its long-term objectives while maintaining prudent financial discipline.About Air T, Inc.Air T, Inc. (NASDAQ:AIRT) is a diversified holding company that operates through a portfolio of businesses spanning aviation services, commercial aircraft engines and parts, and other strategic investments. The Company is headquartered in Minneapolis, Minnesota. For more information, visit www.airt.net.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those described in the forward-looking statements. Words such as "intends," "plans," "expects," "believes," "anticipates," "evaluating," and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements regarding the Company's plans to raise capital, the anticipated use of proceeds, and the pursuit of strategic opportunities. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, among others, market conditions, the Company's ability to identify and execute on strategic opportunities, general economic conditions, and other risk factors described in the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.Investor Contact:Tracy Kennedy, Chief Financial Officer
tkennedy@airt.comKatrina Philp, Chief of Staff
kphilp@airt.comSOURCE: Air T, Inc.View the original press release on ACCESS NewswireOriginal: Air T, Inc. Announces Intent to Raise Additional Capital Through Trust Preferred Securities

Air T, Inc. Reports Third Quarter Fiscal 2026 ResultsFebruary 13, 2026 5:00 PM
ACCESS NewswireCHARLOTTE, NC / ACCESS Newswire / February 13, 2026 / Air T, Inc. (NASDAQ:AIRT) is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. We seek dynamic individuals and teams to operate companies with processes and insights that drive increasing value over time. We believe we can invest corporate resources to help activate growth and overcome challenges.Our core segments are overnight air cargo; ground support equipment; commercial aircraft, engines and parts; regional airline; and digital solutions.Today the Company is announcing results for the fiscal third quarter ended December 31, 2025:Revenues totaled $71.1 million for the quarter ended December 31, 2025, a decrease of $6.7 million, or 9% from the prior year's comparable quarter.Operating loss was $3.8 million for the quarter ended December 31, 2025, a decrease of $5.2 million from the prior year comparable quarter's operating income of $1.4 million.Adjusted EBITDA* profit of $0.2 million for the quarter ended December 31, 2025, compared to an Adjusted EBITDA* profit of $2.7 million in the prior year's comparable quarter.Earnings per share was $(0.91) for the quarter ended December 31, 2025, compared to earnings per share of $(0.47) in the prior year's comparable quarter.The investment balance for the Company's equity method investees was $33.6 million at December 31, 2025; as compared to $19.0 million at March 31, 2025.*Adjusted EBITDA is a non-GAAP financial measure; see below for further explanation and reconciliation to GAAP measure.Company Chairman and CEO Nick Swenson commented:"In December 2025, Air T acquired Rex Regional Airlines through a competitive bidding process organized for the benefit of Rex creditors by the Administrators of the Rex Voluntary Administration.Importantly, the transaction includes a series of long-term commitments by Rex to the Commonwealth of Australia. Notable among these commitments is the requirement the Rex repays - in full - its AUD $108 million Loan from the Commonwealth by allocating 70% of Rex's excess cash flows to amortizing the Commonwealth Loan. In addition, Rex is obligated to run the airline according to a Rex Regional Commitments (RRC) plan that will expand the number of Saab 340s servicing regional and remote Australia from approximately thirty (30) to approximately forty-four (45) over the next two years. Air T invested AUD $50 million cash into Rex as part of the acquisition, which will be used to fund the engine overhauls needed to meet the RRC plan.Our decision to buy Rex was driven in large part by the quality of the Rex management team. Air T is a decentralized portfolio of companies and Australia is as geographically decentralized as it gets. The interactions we have had with the Rex team give us a lot of hope for the future of this venerable and beloved Australian brand. Rex is a good business serving as a critical link from capital cities to regional and remote Australia. We look forward to working together to deliver a bright future for Air T Rex.Doing the Rex deal required significant efforts by the multi-talented Air T team. This intense period took up most of 2025 and remains ongoing. Watching Air T team in action highlights for me their dedication to working collegially and their ability to do good work. I am very thankful for the people of Air T. They deserve appreciation and respect from all shareholders."2025 Regional Express Holdings Ltd. Acquisition and Related Financial InformationOn December 18, 2025, the Company completed the acquisition of substantially all of the assets and operations of Rex Express Holdings Ltd ("Rex"), an Australian regional airline operator, pursuant to an asset purchase agreement (the "Acquisition"). The Acquisition represents the Company's entry into the Australian regional airline market and expands the Company's international aviation services portfolio.The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed as of December 18, 2025:Fair value of assets acquired and liabilities assumed: Assets: Cash and cash equivalents $1,150 Restricted cash 4,679 Accounts receivable, net 18,412 Inventories, net 15,029 Other non-current assets 2,858 Aircraft 60,478 Spare aircraft engines 13,530 Rotable aircraft parts 25,006 Land and buildings 12,659 Other property, plant and equipment 3,862 Intangible assets, net 3,582 Right-of-use ("ROU") assets 3,512 Total Assets 164,758 Liabilities: Unearned Revenue (21,343) Accrued expenses and other (31,223) Short-term lease liability (799) CFA Debt (22,203) Long-term lease liability (2,713) Other non-current liabilities (939) Total Liabilities (57,877) Net Assets $106,881 Prior to the Acquisition, Rex was subject to voluntary administration proceedings in Australia since July 30, 2024. The transaction is expected to result in a bargain purchase gain due to Rex's distressed financial condition and the administrators' determination, following a formal bidding process, that the Company's offer represented the optimal outcome for Rex's creditors. As the purchase price allocation is not finalized, we have recorded the preliminary bargain purchase gain as a deferred credit - preliminary bargain purchase gain within the consolidated balance sheet. The table below summarizes the calculation of the preliminary bargain purchase gain as of December 31, 2025:Total purchase consideration $11,041 Less: Net assets acquired (106,881)Deferred credit - preliminary bargain purchase gain $(95,840)The impact on earnings attributable to the acquisition of Rex amounted to $5.2 million in revenue, $5.5 million in cost of sales, $0.3 million in general and administrative expenses and $0.9 million of depreciation and amortization expenses. For the period presented, Rex generated a net loss of $1.5 million. The operating loss during this initial period is attributable to fixed operating costs associated with maintaining flight operations, aircraft and crew, regulatory compliance requirements, and transaction-related integration expenses.Business Segment ResultsOvernight Air CargoThis segment provides air express delivery services, primarily for FedEx Corporation ("FedEx"), and repair services.Revenues for this segment decreased by an immaterial amount to $30.6 million for the quarter ended December 31, 2025, compared to the previous year's fiscal third quarter revenues of $30.6 million.Adjusted EBITDA* for this segment was $1.0 million for the quarter ended December 31, 2025, a decrease of $1.0 million when compared to the prior year's comparable quarter, primarily driven by 2% increase in cost of sales related to outside maintenance expenses incurred at Mountain Air Cargo and a minimal decrease in revenue.Ground Support Equipment ("GGS")This segment-which includes some of the world-leading offerings in the category-manufactures, repairs, and maintains mobile deicers and other specialized ground-support equipment. Customers include passenger and cargo airlines, airports, the military, and other industrial customers.Revenues for this segment totaled $12.8 million for the quarter ended December 31, 2025, an increase of 8% when compared to revenue of $11.8 million in the previous year's third fiscal quarter. The increase was primarily attributable to higher sales of high-lift catering equipment. At December 31, 2025, the ground support equipment segment's order backlog was $12.9 million compared to $6.2 million at December 31, 2024.Adjusted EBITDA* profit for this segment was $1.7 million in the quarter ended December 31, 2025, an increase of $1.4 million compared to the prior year quarter's Adjusted EBITDA* profit. The increase was primarily driven by an improved product and customer mix, as well as lower non-material spending during the quarter.As of December 31, 2025, this segment's order backlog was $12.9 million versus $6.2 million as of December 31, 2024.Commercial Aircraft, Engines and PartsThis segment leases commercial jet engines and aircraft; buys, sells and trades in surplus and aftermarket commercial jet engines, engine parts, airframes, and airframe parts, avionics, and other; then delivers the related documents and logistics.Revenues for this segment totaled $18.8 million for the quarter ended December 31, 2025, a decrease of $13.9 million versus the previous year's fiscal third quarter. This decrease was largely attributed to a decrease in component sales at Contrail, driven by a lower level of component inventory purchases during the preceding twelve-month period.Adjusted EBITDA* loss for this segment was $0.2 million for the quarter ended December 31, 2025, a decrease of $3.1 million when compared to the prior year quarter's Adjusted EBITDA* profit of $2.9 million, primarily driven by the lower level of component sales as discussed above.Regional AirlineThis segment is new as of Q3 for fiscal year 2026 and consists of Regional Express Airlines ("Rex"), which provides scheduled regional passenger airline and cargo services in Australia, operating a fleet of aircraft serving regional communities and connecting passengers and cargo to major metropolitan centers. The Company acquired Rex on December 18, 2025.Revenues for this segment totaled $5.2 million for the quarter ended December 31, 2025. The increase is attributable to the acquisition of Rex on December 18, 2025. The reported revenues represent thirteen days of operations from the acquisition date through December 31, 2025.Adjusted EBITDA* loss for this segment was $0.5 million for the quarter ended December 31, 2025. The reported EBITDA* loss represents thirteen days of operations from the acquisition date through December 31, 2025.Digital SolutionsThis segment develops and provides digital aviation and other business services to customers within the aviation industry to generate recurring subscription revenues.Revenues for this segment totaled $2.5 million for the quarter ended December 31, 2025, an increase of $0.5 million versus the previous year's fiscal third quarter. The increase was primarily due to increased software subscriptions represented by monthly recurring revenues of $0.8 million as of December 31, 2025 versus $0.7 million as of December 31, 2024.Adjusted EBITDA* loss for this segment was $0.1 million for the quarter ended December 31, 2025 compared to the $0.1 prior year quarter's Adjusted EBITDA* loss, reflecting a relatively flat year-over-year trend.*Adjusted EBITDA is a non-GAAP financial measure; see below for further explanation and reconciliation to GAAP measures.Non-GAAP Financial MeasuresThe Company uses adjusted earnings before taxes, interest, and depreciation and amortization ("Adjusted EBITDA"), a non-GAAP financial measure as defined by the SEC, to evaluate the Company's financial performance. This performance measure is not defined by accounting principles generally accepted in the United States and should be considered in addition to, and not in lieu of, GAAP financial measures.Management believes that Adjusted EBITDA is a useful measure of the Company's performance because it provides investors additional information about the Company's operations allowing better evaluation of underlying business performance and better period-to-period comparability. We may periodically review and update our non-GAAP financial measures based on our determination of their relevance to our business which could result in the addition or elimination of select non-GAAP financial measures in the future. Adjusted EBITDA is not intended to replace or be an alternative to operating income, the most directly comparable amounts reported under GAAP.The table below provides a reconciliation of operating income to Adjusted EBITDA for the periods ended December 31, 2025, and 2024 (in thousands): Three months ended Nine months ended 12/31/2025 12/31/2024 12/31/2025 12/31/2024 Operating (loss) income from continuing operations $(3,780) $1,424 $2,574 $4,486 Depreciation and amortization (excluding leased assets depreciation) 1,585 552 3,017 2,262 Inventory write-down and reserves 819 274 1,058 776 Gain on sale of property and equipment (94) - (74) (8) Securities issuance expenses 19 19 68 147 Share-based compensation 48 31 129 48 Severance expenses - - - 217 Earnout remeasurement - 392 (666) 651 Deal-sourcing expense 1,145 - 2,982 - Post-acquisition integration expenses 436 - 436 - Adjusted EBITDA $178 $2,692 $9,524 $8,579 (1) There was no depreciation expense on leased assets excluded during the three months ended December 31, 2025 and there was $0.7 million excluded during the nine months ended December 31, 2025. Depreciation expense on leased assets excluded was $0.8 million for both the three and nine months ended December 31, 2024.The following table shows the Company's Adjusted EBITDA by segment for the periods ended December 31, 2025, and 2024 (in thousands): Three months ended Nine months ended 12/31/2025 12/31/2024 12/31/2025 12/31/2024 Overnight Air Cargo $1,018 $1,981 $4,432 $5,878 Ground Support Equipment 1,657 223 4,684 225 Commercial Aircraft, Engines and Parts (171) 2,948 7,527 8,753 Digital Solutions (54) (55) (348) (448)Regional airline (532) - (532) - Segments total 1,918 5,097 15,763 14,408 Corporate and Other (1,740) (2,405) (6,239) (5,829)Adjusted EBITDA $178 $2,692 $9,524 $8,579 NOTE REGARDING STAKEHOLDER QUESTIONSIf you have questions related to this release or other Air T matters, please use our interactive Q&A capability, through Slido.com, accessible from our website, to submit your questions. We intend to keep that link open and available for shareholder questions. Questions submitted through Slido will be answered "live" and in writing at our Annual Meeting, and via a written response on a quarterly basis. Note that legal and pragmatic requirements restrict us from answering every question posted, yet we intend to address all reasonable and relevant questions with a written answer.ABOUT AIR T, INC.Established in 1980, Air T Inc. is a portfolio of powerful businesses and financial assets, each of which is independent yet interrelated. Its core segments are overnight air cargo, ground support equipment, commercial aircraft, engines and parts, regional airline and digital solutions. We seek to expand, strengthen and diversify Air T's after-tax cash flow per share. Our goal is to build Air T's core businesses, and when appropriate, to expand into adjacent and other industries. We seek to activate growth and overcome challenges while delivering meaningful value for all stakeholders. For more information, visit www.airt.com. The information on our website is available for information purposes only and is not incorporated by reference into this press release.FORWARD-LOOKING STATEMENTSCertain statements in this press release, including those contained in "Overview," are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the Company's financial condition, results of operations, plans, objectives, future performance and business. Forward-looking statements include those preceded by, followed by or that include the words "believes", "pending", "future", "expects", "anticipates," "intends", "estimates", "depends", "will" or similar expressions. These forward-looking statements involve risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements, because of, among other things, potential risks and uncertainties, such as:An inability to finance our operations through bank or other financing or through the sale or issuance of debt or equity securities;Economic and industry conditions in the Company's markets;The risk that contracts with FedEx Corporation ("FedEx") could be terminated or adversely modified;The risk that the number of aircraft operated for FedEx is reduced;The risk that GGS customers will defer or reduce significant orders for deicing equipment;The impact of any terrorist activities or armed conflict on United States soil or abroad;Changes in U.S. and foreign trade regulations and tariffs;The Company's ability to manage its cost structure for operating expenses, or unanticipated capital requirements, and match them to shifting customer service requirements and production volume levels;The Company's ability to meet debt service covenants and to refinance existing debt obligations;The risk of injury or other damage arising from accidents involving the Company's overnight air cargo operations, equipment or parts sold and/or services provided;Market acceptance of the Company's commercial and military equipment and services;The risk that we may not successfully integrate Rex (including financial reporting, systems, and personnel), which could adversely affect our results and reporting;The risk that Rex's revenues and operating costs may be volatile or unpredictable and that we may be unable to offset cost increases or revenue decreases through pricing, surcharges, cost reductions, or other measures, which could adversely affect our results;The risk that the preliminary purchase price allocation for the Rex acquisition, including the determination and measurement of any bargain purchase gain and related tax treatment, may be revised as valuations and other inputs are finalized during the measurement period, which revisions could materially change our reported results of operations and financial position from period to period;The risk that Rex's operations are subject to extensive regulation and oversight and that compliance failures or adverse regulatory actions could materially harm our business and results; andThe risk that the Rex transaction structure, including the Australian DOCA/administration process, could result in unexpected liabilities, claims, or delays that could materially harm our results and liquidity;Competition from other providers of similar equipment and services;Changes in government regulation and technology;Changes in the value of marketable securities held as investments;Mild winter weather conditions reducing the demand for deicing equipment;Market acceptance and operational success of the Company's aircraft asset management business and related aircraft capital joint venture; andDespite our current indebtedness levels, we and our subsidiaries may still be able to incur substantially more debt, which could further exacerbate the risks associated with our substantial leverage.A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. We are under no obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.CONTACT
Tracy Kennedy
Chief Financial Officer
tkennedy@airt.comSOURCE: Air T, Inc.View the original press release on ACCESS NewswireOriginal: Air T, Inc. Reports Third Quarter Fiscal 2026 Results

Air T, Inc. Announces Distribution Dates for Alpha Income Preferred Securities (AIRTP)February 5, 2026 4:30 PM
ACCESS NewswireCHARLOTTE, NORTH CAROLINA / ACCESS Newswire / February 5, 2026 / Air T, Inc. (NASDAQ:AIRT) ("Air T") announces the following dividend dates and record dates for Air T Funding Alpha Income Preferred (AIP) securities (NASDAQ:AIRTP) during 2026 and 2027. Cash distributions on the AIP are in the amount of $0.50 per share (a rate of 8.0% per annum).Distribution DateRecord DateFebruary 17, 2026February 13, 2026May 15, 2026May 14, 2026August 17, 2026August 14, 2026November 16, 2026November 13, 2026February 16, 2027February 12, 2027May 17, 2027May 14, 2027August 16, 2027August 13, 2027November 15, 2027November 12, 2027ABOUT AIR T, INC.Established in 1980, Air T Inc. is a portfolio of powerful businesses and financial assets, each of which is independent yet interrelated. Its core segments are overnight air cargo, aviation ground support equipment manufacturing and sales, commercial jet engines and parts, and corporate and other. We seek to expand, strengthen and diversify Air T's after-tax cash flow per share. Our goal is to build Air T's core businesses, and when appropriate, to expand into adjacent and other industries. We seek to activate growth and overcome challenges while delivering meaningful value for all stakeholders. For more information, visit www.airt.net.FORWARD-LOOKING STATEMENTSCertain statements in this press release are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the Company's financial condition, results of operations, plans, objectives, future performance and business. Forward-looking statements include those preceded by, followed by or that include the words "believes", "pending", "future", "expects," "anticipates," "estimates," "depends" or similar expressions. These forward-looking statements involve risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements, because of, among other things, potential risks and uncertainties, such as:An inability to finance our operations through bank or other financing or through the sale of issuance of debt or equity securities as a result of the existence of substantial doubt about our ability to continue as a going concern;Economic and industry conditions in the Company's markets;The risk that contracts with FedEx could be terminated or adversely modified;The risk that the number of aircraft operated for FedEx will be reduced;The risk that GGS customers will defer or reduce significant orders for deicing equipment;The impact of any terrorist activities on United States soil or abroad;The Company's ability to manage its cost structure for operating expenses, or unanticipated capital requirements, and match them to shifting customer service requirements and production volume levels;The Company's ability to meet debt service covenants and to refinance existing debt obligations;The risk of injury or other damage arising from accidents involving the Company's overnight air cargo operations, equipment or parts sold and/or services provided;Market acceptance of the Company's commercial and military equipment and services;Competition from other providers of similar equipment and services;Changes in government regulation and technology;Changes in the value of marketable securities held as investments;Mild winter weather conditions reducing the demand for deicing equipment;Market acceptance and operational success of the Company's relatively new aircraft asset management business and related aircraft capital joint venture; andDespite our current indebtedness levels, we and our subsidiaries may still be able to incur substantially more debt, which may could further exacerbate the risks associated with our substantial leverage.A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. We are under no obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.CONTACTAir T, Inc. Tracy Kennedy, CFO
tkennedy@airt.comSOURCE: Air T, Inc.View the original press release on ACCESS NewswireOriginal: Air T, Inc. Announces Distribution Dates for Alpha Income Preferred Securities (AIRTP)

AIRTW at 1 cent today.

Yeah... cool message me if you hear anything...

Company made a new website..

I'm looking forward to the future!!

It ran over 400% on nothing Friday. 15-12G to de-register with SEC, filed way back in 2008. No company news.

I emailed AIRT just now.

Thanks. I'll check DLPX out as well.

AIRT owns DLPX!!!

DLPX can go up big as well!!

news of J/V should come down the runway any day now and will make new all time highs.....I am playing the warrants as they are undervalued....$24 strike price and each one is 1/10 of a share and are trading at .50 cents right now....

10 warrant shares at .50 cents each is $5 bucks that allows you to buy one common share for $24

$24 bucks + $5 bucks =$29 bucks

therefore through the warrants you can get $34 shares for $29 bucks...this arbitrage will close eventually but it's a bargain right now.....

$AIRT : Another big breakout about to go down






Pretty obvious



GO $AIRTW

What’s going on here? Nice low float.

Nice pop and on a day before a Holiday! Not bad.

Moving. CEO bought a shit ton of shares

Very possible. It moves on air and has a 800k float only!

Glad I bought this one yesterday. Maybe we will see $80 next week!!!

AIRTW warrants hit over 3000% $1.50's

Knock knock

AIRT

Sorry That was posted accidentally on the wrong board

Never

When will @arrayit $ARYC release its 10K? @PSTClub1 @TheStreet @CNBCFuturesNow @kaylatausche @CourtReagan @JackieDeAngelis @FlexOniHub— Penny Stock News (@Ihubpennys) March 28, 2017

Check this out

http://presstelegraph.com/2016/11/08/filings-dont-lie-why-farnam-street-partners-lp-mn-reported-big-air-t-inc-position/

Interesting they must see something in the company

Farnam Street Partners files 13D and reports owning 10.5% of AIRT - this is an increase of 67% ownership - https://fintel.io/i13d/farnam-street-partners-lp-mn

Date Form Target Shares Ownership
(Percent) Ownership Change
(Percent)
2016-11-08 SC 13D AIRT / Air T 214,958 10.5 67.87
2015-10-14 SC 13G AIRT / Air T 128,054 5.4

Does anyone know if AIRT is buying DLPX?

What are your thoughts on this?
http://finance.yahoo.com/news/air-t-inc-adopts-stockholder-143500784.html
"The Board adopted the Rights Agreement in response to what it believes are recent rapid accumulations of significant portions of the Company's outstanding common stock. It is intended to protect the Company and its stockholders from efforts to obtain control that are inconsistent with the best interests of the Company and its stockholders"

WHO is it they don't like buying???
http://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0000353184

AIRT -0.03%20.1

Air T, Inc. Reports Unaudited Third Quarter Earnings
PR Newswire Air T, Inc.
February 3, 2015 3:00 PM
????
MAIDEN, N.C., Feb. 3, 2015 /PRNewswire/ -- (3:00pm EST) -- Air T, Inc. (Air T) (AIRT) today reported consolidated net earnings of $1,448,000 ($0.61 per diluted share) for the fiscal 2015 third quarter ended December 31, 2014 as compared to consolidated net earnings of $455,000 ($0.19 per diluted share) for the similar fiscal 2014 comparable period.

Consolidated revenue increased $1,058,000 (4%) to $30,893,000 for the quarter ended December 31, 2014 compared to the comparable quarter in the prior fiscal year. Consolidated operating income increased $1,345,000 (169%) for the quarter ended December 31, 2014 compared to the comparable quarter in the prior fiscal year. The increase in consolidated operating income from the prior year quarter includes a gain on sale of assets for the current year quarter of $781,000 compared to $25,000 in the prior year quarter. Gain on sale of assets for the current year quarter reflects a $374,000 gain from the sale of the company-owned King Air aircraft, a $412,000 gain from the sales of eight leased de-icing units to the leasing customers and a $5,000 loss from the retirement of equipment by the ground support services business. The quarter-over-quarter increase in operating income was also favorably impacted by $565,000 in separation payments made to the company's former chief executive officer in the prior year quarter which did not recur in the current year.

Ground equipment sales revenue increased $1,588,000 (14%) this quarter compared to the prior year comparable quarter. Ground equipment sales operating income increased by $496,000 (41%) from the prior year comparable quarter, the result of the gain on the sale of the leased de-icing units and continuing efforts to improve production efficiencies, as well as a change in the product and customer mix. At December 31, 2014, ground equipment sales backlog was $7.2 million, compared to $10.2 million at December 31, 2013 and $14.4 million at March 31, 2014.

Ground support services segment reported a $972,000 (23%) increase in revenue this quarter, driven by continuing growth in new markets and services offered to new and existing customers. Operating income for this segment for the same period increased by only $8,000 (3%), as company expenses have risen as a result of additional cost of sales expense and with investments made in the company infrastructure to help position the company for growth; including leadership, marketing and data analysis roles, facility upgrades, and additional controls.

Overnight air cargo revenues decreased $1,502,000 (10%) this quarter as a result of a decrease in maintenance labor revenue billed to the customer due to the completion of eight- and twelve-year heavy maintenance checks during the prior comparable period. The segment's operating income increased by $105,000 (21%), which includes the benefit of the gain on the sale of the company-owned King Air aircraft.


FINANCIAL HIGHLIGHTS
(In thousands, except per share data)


Three Months Ended

Nine Months Ended

12/31/2014

12/31/2013

12/31/2014

12/31/2013
Operating Revenues
$ 30,893

$ 29,835

$ 87,296

$ 75,305








Net Earnings
$ 1,448

$ 455

$ 3,340

$ 1,050








Net Earnings Per Share- Diluted
$ 0.61

$ 0.19

$ 1.41

$ 0.43








Average Common Shares Outstanding
2,381

2,442

2,374

2,458

Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines. Air T is one of the largest small-aircraft air cargo operators in the United States. Air T's Mountain Air Cargo and CSA Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft daily in the eastern half of the United States, Puerto Rico and the Caribbean Islands. Air T's Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world. The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.

For a more detailed presentation and discussion of the Company's results of operations and financial condition, please read the Company's Quarterly Report on Form 10-Q for the quarter ended December 31, 2014 filed today with the Securities and Exchange Commission. Copies of the Form 10-Q may be accessed on the Internet at the SEC's website: http://www.sec.gov.

Statements in this press release, which contain more than historical information, may be considered forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), which are subject to risks and uncertainties. Actual results may differ materially from those expressed in the forward-looking statements because of important potential risks and uncertainties, including but not limited to, the risk that contracts with major customers will be terminated or not extended, uncertainty regarding legal actions against the Company, future economic conditions and their impact on the Company's customers, the timing and amounts of future orders under our contract with the United States Air Force, inflation rates, competition, changes in technology or government regulation, and the impact of future terrorist activities in the United States and abroad. A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. We are under no obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/air-t-inc-reports-unaudited-third-quarter-earnings-300030224.html

I think we're the only peeps that care...
That's okay though...
That's the way I LIKE IT!

:)

AIRT-Air T, Inc. Reports Unaudited Second Quarter Earnings
Date : 11/07/2014 @ 8:10AM
Source : PR Newswire (US)
Stock : Air T, Inc. (MM) (AIRT)
Quote : 14.699 1.199 (8.88%) @ 12:35PM
Air T, Inc. Reports Unaudited Second Quarter Earnings
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Alert
Air T, Inc. (MM) (NASDAQ:AIRT)
Intraday Stock Chart
Today : Friday 7 November 2014

Click Here for more Air T, Inc. (MM) Charts.
MAIDEN, N.C., Nov. 7, 2014 /PRNewswire/ -- Air T, Inc. (Air T) (NASDAQ: AIRT) today reported consolidated net earnings of $1,818,000 ($0.77 per diluted share) for fiscal 2015's second quarter ended September 30, 2014 compared to consolidated net earnings of $456,000 ($0.18 per diluted share) for the similar fiscal 2014 period.

Consolidated revenue increased $10,435,000 (43%) to $34,625,000 for the quarter ended September 30, 2014 compared to the same quarter in the prior fiscal year. Consolidated operating income increased $1,844,000 (245%) for the quarter ended September 30, 2014 compared to the same quarter in the prior fiscal year. Ground equipment sales revenue increased $10,044,000 (127%) this quarter compared to the prior year comparable quarter. Approximately $4,800,000 of the increase in revenue is attributable to the shipment of deicing units that had been delayed at June 30, 2014 as noted in the June 30, 2014 Form 10-Q. Ground equipment sales operating income increased by $2,471,000 from the prior year comparable quarter as a result of the impact of the delay in shipment into the second quarter, efficiencies in production, and increased parts and service volume as customers experience some early winter weather. At September 30, 2014, ground equipment sales backlog was $15.3 million, compared to $11.9 million at September 30, 2013. The ground support services segment reported a $541,000 (13%) increase in revenue this quarter, driven by continuing growth in locations and in services offered to new and existing customers; operating income decreased by $217,000 (70%) principally due to infrastructure changes to help position the segment for further growth. Overnight air cargo revenues reported a $150,000 (1%) decrease this quarter compared to the same quarter in the prior fiscal year, and the segment's operating income decreased by $287,000 (51%) this quarter as a result of a variety of factors including a reduction in revenue aircraft and maintenance labor costs.

Nick Swenson commented, "GGS completed an outstanding first half of the fiscal year, converting backlog into shipments and delivering strong top-line and bottom-line growth. Our inventories at mid-year are the lowest they've been in six years. Simply put, Mike Moore and his management team have been executing on their business plan. GGS is delivering high quality products on time and within budget. While the harsh winter is part of the demand story at GGS, we believe that GGS management has enhanced operations in many incremental ways, thereby strengthening the franchise."

FINANCIAL HIGHLIGHTS

(In thousands, except per share data)





Three Months Ended




Six Months Ended


9/30/2014


9/30/2013


9/30/2014


9/30/2013

Operating Revenues

$ 34,625


$ 24,190


$56,403


$45,470









Net Earnings

$ 1,818


$ 456


$1,891


$595









Net Earnings Per Share- Diluted

$0.77


$0.18


$0.80


$0.24









Average Common Shares Outstanding

2,375


2,485


2,376


2,477

Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines. Air T is one of the largest, small-aircraft air cargo operators in the United States. Air T's Mountain Air Cargo and CSA Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft daily in the eastern half of the United States, Puerto Rico and the Caribbean Islands. Air T's Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world. The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.

For a more detailed presentation and discussion of the Company's results of operations and financial condition, please read the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2014 filed today with the Securities and Exchange Commission. Copies of the Form 10-Q may be accessed on the Internet at the SEC's website, http://www.sec.gov.

Statements in this press release, which contain more than historical information, may be considered forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), which are subject to risks and uncertainties. Actual results may differ materially from those expressed in the forward-looking statements because of important potential risks and uncertainties, including but not limited to the risk that contracts with major customers will be terminated or not extended, uncertainty regarding legal actions against the Company, future economic conditions and their impact on the Company's customers, the timing and amounts of future orders under our contract with the United States Air Force, inflation rates, competition, changes in technology or government regulation, and the impact of future terrorist activities in the United States and abroad. A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. We are under no obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Air T, Inc.

Air T, Inc. To Report Second Quarter Results On November 7
Date : 10/31/2013 @ 3:00PM
Source : PR Newswire (US)
Stock : Air T, Inc. (MM) (AIRT)
Quote : 11.18 0.0656 (0.59%) @ 2:35PM
Air T, Inc. To Report Second Quarter Results On November 7
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Today : Thursday 31 October 2013

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MAIDEN, N.C., Oct. 31, 2013 /PRNewswire/ -- Air T, Inc. (Air T) (NASDAQ: AIRT) announced that it will release its results for the second quarter ended September 30, 2013 on November 7, 2013.

Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines. Air T is one of the largest, small-aircraft air cargo operators in the United States. Air T's Mountain Air Cargo and CSA Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft daily in the eastern half of the United States, Puerto Rico and the Caribbean Islands. Air T's Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world. The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.

SOURCE Air T, Inc.

Air T, Inc. Reports Unaudited First Quarter Earnings
Date : 08/07/2013 @ 9:15AM
Source : PR Newswire (US)
Stock : Air T, Inc. (MM) (AIRT)
Quote : 10.38 -0.596 (-5.43%) @ 2:48PM
Air T, Inc. Reports Unaudited First Quarter Earnings

Air T, Inc. (MM) (NASDAQ:AIRT)
Intraday Stock Chart
Today : Wednesday 7 August 2013

Air T, Inc. (MM) Charts.
MAIDEN, N.C., Aug. 7, 2013 /PRNewswire/ -- Air T, Inc. (Air T) (NASDAQ: AIRT) today reported consolidated net earnings of $139,000 ($0.06 per diluted share) for fiscal 2014's first quarter ended June 30, 2013 compared to consolidated net earnings of $417,000 ($0.17 per diluted share) for the similar fiscal 2013 period.

Consolidated revenues decreased $3,208,000 (13%) to $21,280,000 for the quarter ended June 30, 2013 compared to the same quarter in the prior fiscal year. This decrease resulted principally from a $5,507,000 (51%) decrease in our ground equipment sales segment revenues resulting primarily from decreased military sales in the quarter. The segment produced an operating margin of $6,000 for the quarter, a $298,000 decline from the operating income for the comparable prior year quarter. At June 30, 2013, ground equipment sales backlog was $12.7 million, compared to $12.0 million at June 30, 2012 and $6.5 million at March 31, 2013. Our ground support services revenues increased by $624,000 (21%) as a result of increases in customers and new locations over last year's quarter. Revenues of our air cargo segment were $12,408,000 for the quarter ended June 30, 2013, a 16% increase from the segment's revenues in the prior year quarter, due primarily to an increase in maintenance pass through costs to our customer.

Walter Clark, Chief Executive Officer of Air T, commented, "The first quarter was a challenge for Air T. Our ground support services segment was a bright spot as it continued its momentum with growth at both the revenue and operating income lines. Our air cargo segment had a solid quarter although it was hindered by losing one aircraft from its fleet and by increasing facility rent and repair costs. The ground equipment sales segment had a difficult first quarter with a significant reduction in revenues. I am pleased at the continued improvement in plant efficiency with significant gains in gross margins over the prior year first quarter."



FINANCIAL HIGHLIGHTS



(In thousands, except per share data)




Quarter Ended


6/30/2013


6/30/2012

Operating Revenues

$ 21,280


$ 24,488





Net Earnings

$ 139


$ 417





Net Earnings Per Share - Diluted

$ 0.06


$ 0.17





Average Common Shares Outstanding - Diluted

2,470


2,458







Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines. Air T is one of the largest, small-aircraft air cargo operators in the United States. Air T's Mountain Air Cargo and CSA Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft daily in the eastern half of the United States, Puerto Rico and the Caribbean Islands. Air T's Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world. The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.

For a more detailed presentation and discussion of the Company's results of operations and financial condition, please read the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2013 filed today with the Securities and Exchange Commission. Copies of the Form 10-Q may be accessed on the Internet at the SEC's website, http://www.sec.gov.

Statements in this press release, which contain more than historical information, may be considered forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), which are subject to risks and uncertainties. Actual results may differ materially from those expressed in the forward-looking statements because of important potential risks and uncertainties, including but not limited to the risk that contracts with major customers will be terminated or not extended, uncertainty regarding legal actions against the Company, future economic conditions and their impact on the Company's customers, the timing and amounts of future orders under our contract with the United States Air Force, inflation rates, competition, changes in technology or government regulation, and the impact of future terrorist activities in the United States and abroad. A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. We are under no obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

Air T, Inc. To Report First Quarter Results On August 7
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Today : Wednesday 31 July 2013

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MAIDEN, N.C., July 31, 2013 /PRNewswire/ -- Air T, Inc. (Air T) (NASDAQ: AIRT) announced that it will release its results for the first quarter ended June 30, 2013 on August 7, 2013.

Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines. Air T is one of the largest, small-aircraft air cargo operators in the United States. Air T's Mountain Air Cargo and CSA Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft daily in the eastern half of the United States, Puerto Rico and the Caribbean Islands. Air T's Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world. The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.

SOURCE Air T, Inc.

Air T, Inc. Establishes Committee of Independent Directors
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Air T, Inc. (MM) (NASDAQ:AIRT)
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Today : Friday 10 May 2013


MAIDEN, N.C., May 9, 2013 /PRNewswire/ -- Air T, Inc. (Nasdaq Capital Market: AIRT) announced today that that its board of directors has established a special committee of its directors, which has established a subcommittee comprised solely of independent directors. The special committee was established to consider, evaluate, negotiate and make recommendations to the company's board of directors with respect to proposals made by AO Partners, LLC and Nicolas J. Swenson, managing member of AO Partners, LLC and a director of the company, to take actions with respect to the 2013 annual meeting of stockholders and to solicit proxies on behalf of the company's board of directors to be voted at such meeting, to authorize the company to enter into agreements to indemnify and hold harmless any person, who is not already a director, who is nominated for election as a director by the board of directors, and to administer, make determinations and authorize actions, including amendments, under the Rights Agreement (the "Right Agreement"), dated as of March 26, 2012, between the company and American Stock Transfer & Trust Company, LLC, as rights agent. All members of the company's board of directors, other than Mr. Swenson, were appointed to this special committee.

On May 6, 2013, the special committee established a subcommittee and delegated to that subcommittee its authority to consider, evaluate, negotiate and make recommendations to the board of directors with respect to proposals made by AO Partners, LLC and Mr. Swenson and to administer, make determinations and authorize actions, including amendments, under the Rights Agreement. The following directors were appointed to the subcommittee: Sam Chesnutt, John J. Gioffre, Dennis A. Wicker and J. Bradley Wilson. Mr. Wilson, who was recently elected as the Chairman of the company's board of directors, was appointed to serve as chairman of the special committee and of the subcommittee.

About Air T

Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines. Air T is one of the largest, small-aircraft air cargo operators in the United States. Air T's Mountain Air Cargo (MAC) and CSA, Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft nightly in the eastern half of the United States, Puerto Rico and the Caribbean Islands. Air T's Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world. The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.

CERTAIN INFORMATION CONCERNING PARTICIPANTS

Air T, Inc. ("Air T") will file a proxy statement in connection with its 2013 annual meeting of stockholders. Air T stockholders are strongly advised to read the proxy statement and the accompanying proxy card when they become available, as they will contain important information. Stockholders will be able to obtain this proxy statement, any amendments or supplements to the proxy statement and other documents filed by Air T with the Securities and Exchange Commission for free at the Internet website maintained by the Securities and Exchange Commission at http://www.sec.gov. Copies of the proxy statement and any amendments and supplements to the proxy statement will also be available for free at Air T's website, http://www.airt.net, or by writing to Air T, Inc., Post Office Box 488, Denver, North Carolina 28037, Attention: Corporate Secretary.

Air T and its directors who are members of a special committee and its executive officers (which directors and executive officers are Sam Chesnutt, Allison T. Clark, Walter Clark, John J. Gioffre, John Parry, George C. Prill, William H. Simpson, Dennis A. Wicker and J. Bradley Wilson) may be deemed to be participants in the solicitation of proxies for Air T's 2013 annual meeting of stockholders, and detailed information regarding the affiliations of these directors and executive officers is available in the proxy statement for Air T's 2012 annual meeting of stockholders filed with the Securities and Exchange Commission on July 20, 2012 (which information is supplemented by the subsequent election of Mr. Wilson as Chairman of the Board of Directors, succeeding Mr. Walter Clark in that position). In addition, the following table sets forth information regarding the beneficial ownership of shares of common stock of Air T by each of these director and executive officer of Air T and by all directors and executive officers of Air T as a group as of May 1, 2013. Each person named in the table has sole voting and investment power with respect to all shares of common stock shown as beneficially owned.





Shares and Percent of
Common Stock Beneficially
Owned as of May 1, 2013

Name
Position with Company
No. of Shares
Percent






Sam Chesnutt
Director
2,500 (1)
*

Allison T. Clark
Director
23,000 (1)
*

Walter Clark
Chief Executive Officer and Director
143,627 (1)
5.8%

John J. Gioffre
Director
5,027 (1)
*

John Parry
Vice President-Finance, Chief
Financial Officer, Secretary,
Treasurer and Director
16,502 (1)
*

William H. Simpson
Executive Vice President and Director
31,604 (1)
1.3%

George C. Prill
Director
3,500 (1)
*

Dennis A. Wicker
Director
3,500 (1)
*

J. Bradley Wilson
Chairman of the Board
2,500 (1)
*

All such directors and all
executive officers as a
group (nine persons)



231,760 (1)


9.1%






* Less than one percent.






(1) Includes shares which the following executive officers and directors have the right to acquire within 60 days through the exercise of stock options issued by Air T: Mr. Walter Clark, 50,000 shares; Mr. Parry, 15,000 shares; Mr. Simpson, 30,000 shares; Mr. Chesnutt, 2,500 shares; Mr. Allison Clark, 2,500 shares; Mr. Gioffre, 2,500 shares; Mr. Prill, 2,500 shares; Mr. Wicker, 3,500 shares; Mr. Wilson, 2,500 shares; all such directors and executive officers as a group, 111,000 shares.



SOURCE Air T, Inc.


Copyright 2013 PR Newswire

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AIRT up & up she goes!

Air T Reports Unaudited Third Quarter Results; Appointment Of Lead Independent Director
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Today : Friday 1 February 2013


MAIDEN, N.C., Feb. 1, 2013 /PRNewswire/ -- Air T, Inc. (Nasdaq Capital Market: AIRT) today reported consolidated net earnings of $633,000 ($0.26 per diluted share) for fiscal 2013's third quarter ended December 31, 2012, compared to consolidated net earnings of $579,000 ($0.24 per diluted share) for the third quarter of fiscal 2012. The Company also reported year-to-date earnings for the nine months of $1,277,000 ($.52 per diluted share) compared to $1,340,000 ($.55 per diluted share) for the similar fiscal 2012 period.

Consolidated revenues for fiscal 2013's third quarter were $26,703,000, an increase of 4% compared to the similar 2012 fiscal quarter. Consolidated revenues for the first nine months of the 2013 fiscal year were $72,353,000 or 7% higher than the prior year comparable period. At December 31, 2012, the backlog at Global Ground Support, the Company's ground support equipment business, was $9.2 million, compared to $14.9 million at December 31, 2011.

Walter Clark, Chairman and Chief Executive Officer of Air T, commented "The focus on improving efficiencies at our equipment manufacturer bore fruit in this most recent quarter with an improved bottom line. Additionally, there has been a concerted effort to pare down inventory levels at Global Ground and that has begun to yield positive results as well. The ground support services subsidiary showed year over year improvement with both top and bottom line increases. The air cargo side of the equation continues to be a solid performer with some reduction in bottom line due to the filling of additional management positions."

Mr. Clark continued, "I am pleased to announce the appointment by Air T's board of directors of Brad Wilson as our lead independent director. Brad Wilson is currently President and CEO of Blue Cross and Blue Shield of North Carolina and, among other achievements, currently serves on, and has served as Chairman of, the Board of Governors of the University of North Carolina and served as Chairman of the Board of Directors of the North Carolina Railroad Company. Air T is fortunate to have an individual of his capabilities willing to serve in this position. I and the rest of the Air T board look forward to working with Brad in his new capacity."

FINANCIAL HIGHLIGHTS
(In thousands, except per share data)



Three Months Ended

Nine Months Ended


12/31/12

12/31/11

12/31/12

12/31/11









Operating Revenues

$ 26,703

$ 25,650

$ 72,353

$ 67,672









Net Earnings

$ 633

$ 579

$ 1,277

$ 1,340









Net Earnings Per Share - Diluted

$ 0.26

$ 0.24

$ 0.52

$ 0.55
Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines. Air T is one of the largest, small-aircraft air cargo operators in the United States. Air T's Mountain Air Cargo (MAC) and CSA, Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft nightly in the eastern half of the United States, Puerto Rico and the Caribbean Islands. Air T's Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world. The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.

For a more detailed presentation and discussion of the Company's results of operations and financial condition, please read the Company's Quarterly Report on Form 10-Q for the quarter ended December 31, 2012 to be filed today with the Securities and Exchange Commission. Copies of the Form 10-Q may be accessed on the Internet at the SEC's website, http://www.sec.gov.

Statements in this press release, which contain more than historical information, may be considered forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), which are subject to risks and uncertainties. Actual results may differ materially from those expressed in the forward-looking statements because of important potential risks and uncertainties, including but not limited to the riskthat contracts with major customers will be terminated or not extended, future economic conditions and their impact on the Company's customers, customer requirements for ground support equipment and facilities maintenance services will be less than anticipated, the timing and amounts of future orders under our contract with the United States Air Force, inflation rates, the impact of competition, changes in technology or government regulation, and the impact of terrorist activities in the United States and abroad. A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. We are under no obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Air T, Inc.

Air T, Inc. To Report Third Quarter Results On February 1
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Air T, Inc. (MM) (NASDAQ:AIRT)
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Today : Friday 25 January 2013


MAIDEN, N.C., Jan. 25, 2013 /PRNewswire/ -- Air T, Inc. (NASDAQ Capital Market: AIRT) announced that it will release its results for the third quarter ended December 31, 2012 on Friday, February 1, 2013.

Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines. Air T is one of the largest, small-aircraft air cargo operators in the United States. Air T's Mountain Air Cargo and CSA Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft daily in the eastern half of the United States, Puerto Rico and the Caribbean Islands. Air T's Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world. The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.

SOURCE Air T, Inc.


Copyright 2013 PR Newswire

ot-http://www.thepumptracker.com/2012/10/october-2nd-pre-pump-alert-list.html

Air T, Inc. Adopts Stockholder Rights Plan
http://finance.yahoo.com/news/air-t-inc-adopts-stockholder-163500085.html

AIRT Second 13d filing by Mr. Swenson. Over 8% now. Showing signs of being an activist.

>Purpose of Transaction .


The Reporting Persons acquired shares of Common Stock because they believe that the Common Stock is undervalued. The Reporting Persons’ intent is to influence the policies of the Issuer and assert the Reporting Persons’ shareholder rights, with a goal of maximizing the value of the Common Stock.

Mr. Swenson has requested that the Board of Directors of the Issuer appoint him as a director.

~ $AIRT ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $AIRT ~ Earnings expected on Friday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








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*If the earnings date is in error please ignore error. I do my best.

AIRT-Air T Reports Unaudited Third Quarter Results

Air T, Inc. Topics:Earnings Related Quotes
Symbol Price Change
AIRT 9.91 -0.32
Press Release Source: Air T, Inc. On Thursday January 27, 2011, 2:39 pm
MAIDEN, N.C., Jan. 27, 2011 /PRNewswire/ -- Air T, Inc. (Nasdaq Capital Market: AIRT) today reported consolidated net earnings of $599,000 ($0.24 per diluted share) for fiscal 2011's third quarter ended December 31, 2010, compared to consolidated net earnings of $1,247,000 ($0.51 per diluted share) for the third quarter of fiscal 2010. The Company also reported year-to-date earnings for the nine months of $1,443,000 ($.58 per diluted share) compared to $3,212,000 ($1.32 per diluted share) for the similar fiscal 2010 period.

Consolidated revenues for fiscal 2011's third quarter were $22,314,000, a decrease of less than 1% compared to the similar 2010 fiscal quarter. Consolidated revenues for the first nine months of the 2011 fiscal year were $57,508,000 or 6% lower than the prior year comparable period. At December 31, 2010, the backlog at Global Ground Support, the Company's ground support equipment business, was $19.0 million, compared to $5.7 million at December 31, 2009.

Walter Clark, Chairman and Chief Executive Officer of Air T, commented, "While we are disappointed with our bottom line results, we are encouraged by the consistency in revenues and the additional growth in our backlog at Global Ground Support this quarter. Gross margins on equipment sales were down, reflecting a very competitive commercial market both domestically and internationally, as well as changes in customer and product mix. The lack of orders under the contract with the Air Force continues to impact our results this year. On the positive side, Global Ground Support has experienced increases in both domestic and international commercial deicer orders this year, buoyed by the recent $10.5 million order from the City of Charlotte. Our ground support services segment saw an 84% decrease in its operating income reflecting reduced revenues and increased costs associated with the closure of certain locations as a result of changes in our Delta Airlines contract in early September 2010. Finally, with regard to our air cargo business, we have seen a positive impact this quarter from the four aircraft in our shop for heavy maintenance and we benefited from operating one of the aircraft in revenue service this past quarter."


FINANCIAL HIGHLIGHTS

(In thousands, except per share data)









Three Months Ended

Nine Months Ended



12/31/10

12/31/09

12/31/10

12/31/09











Operating Revenues

$ 22,314

$ 22,321

$ 57,508

$ 61,411











Net Earnings

$ 599

$ 1,247

$ 1,443

$ 3,212











Net Earnings Per Share - Diluted

$ 0.24

$ 0.51

$ 0.58

$ 1.32






Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines. Air T is one of the largest, small-aircraft air cargo operators in the United States. Air T's Mountain Air Cargo (MAC) and CSA, Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft nightly in the eastern half of the United States, Puerto Rico and the Caribbean Islands. Air T's Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world. The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.

For a more detailed presentation and discussion of the Company's results of operations and financial condition, please read the Company's Quarterly Report on Form 10-Q for the quarter ended December 31, 2010 to be filed today with the Securities and Exchange Commission. Copies of the Form 10-Q may be accessed on the Internet at the SEC's website, http://www.sec.gov.

Air T, Inc. Announces Award of $10.5 Million Contract from the City of Charlotte
Air T (MM) (NASDAQ:AIRT)
Historical Stock Chart
1 Month : November 2010 to December 2010
Air T, Inc. (Nasdaq: AIRT) announced today that its wholly owned subsidiary, Global Ground Support, LLC, has been awarded a $10.5 million contract to supply deicer trucks and training simulators to the City of Charlotte. Global expects to deliver the first units under the contract in the current fiscal quarter ending December 31.

Walter Clark, Air T's CEO, stated that, "We are excited to have been selected by the City of Charlotte and look forward to working with them. Our equipment will be utilized to ensure that departing flights during inclement winter weather at Charlotte Douglas International Airport continue to operate safely and reliably. This contract was the result of a competitive process which we won due in part to the quality of product and the high level of service that Global Ground Support provides to all of its customers."

Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines. Air T is one of the largest, small-aircraft air cargo operators in the United States. Air T's Mountain Air Cargo and CSA Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft daily in the eastern half of the United States, Puerto Rico and the Caribbean Islands. Air T's Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world. The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.

Thanks for posting that,maybe time to get back in again!

Air T, Inc. Announces Award of New Contract from the United States Air Force
MAIDEN, N.C., Sept. 29 /PRNewswire/ -- Air T, Inc. (Nasdaq:AIRT - News) announced today that its wholly owned subsidiary, Global Ground Support, LLC, has been awarded a contract to supply flight line tow tractors to the United States Air Force. Global is in receipt of the delivery order for the first pre-production unit which will be tested and evaluated before additional orders are placed. The contract award is for one year commencing September 28, 2010, with four additional one-year extension options that may be exercised by the United States Air Force. The value of the contract, as well as the number of units to be delivered, will be determined based upon annual requirements and available funding of the United States Air Force.

more...
http://finance.yahoo.com/news/Air-T-Inc-Announces-Award-of-prnews-83014842.html?x=0&.v=1

n gas http://www.cnbc.com/id/39097138