Entries by AIR T

Diversified Holding Company Air T, Inc. Names Brett Reynolds as SVP and CFO

Minneapolis, MN and Denver, NC — Wednesday, May 9, 2018 — Air T, Inc., (NASDAQ: AIRT), a diversified holding company with operations in air cargo, aviation ground support equipment and services, and aircraft engine sales, today announced that it has appointed Brett Reynolds as Senior Vice President, Chief Financial Officer and Principal Financial Officer, effective […]

Air T, Inc. Reports Unaudited Third Quarter 2018 Earnings

DENVER, N.C., Feb. 14, 2018 — Air T, Inc. (“Air T” or the “Company”) (NASDAQ: AIRT) today reported consolidated net loss attributable to Air T, Inc. stockholders of $672,000 ($0.33 per diluted share) for the fiscal 2018 third quarter ended December 31, 2017 as compared to consolidated net income attributable to Air T, Inc. stockholders of $1,220,000 ($0.60 per diluted share) for the fiscal 2017 comparable period. […]

Air T, Inc. Reports Unaudited Second Quarter 2018 Earnings

DENVER, N.C., Nov. 14, 2017 — Air T, Inc. (Air T) (NASDAQ: AIRT) today reported consolidated net income attributable to Air T, Inc. stockholders of $422,000 ($0.21 per diluted share) for the fiscal 2018 second quarter ended September 30, 2017 as compared to consolidated net income attributable to Air T, Inc. stockholders of $1,084,000($0.53 per diluted share) for the fiscal 2017 comparable period. Consolidated revenues increased $10,339,000 (27%) […]

Air T, Inc. Reports Unaudited Fiscal First Quarter 2018 Earnings

DENVER, N.C., Oct. 26, 2017 — Air T, Inc. (Air T) (NASDAQ: AIRT) today reported consolidated net income attributable to Air T, Inc. stockholders of $968,000 ($0.47 per diluted share) for the fiscal 2018 first quarter ended June 30, 2017 as compared to consolidated net loss attributable to Air T, Inc. stockholders of $5,751,000 ($2.42 per diluted share) for the fiscal 2017 comparable period. Consolidated revenue […]

Air T, Inc. Reports Unaudited First Quarter 2018 Earnings

DENVER, N.C., Oct. 26, 2017 — Air T, Inc. (Air T) (NASDAQ: AIRT) today reported consolidated net income attributable to Air T, Inc. stockholders of $968,000 ($0.47 per diluted share) for the fiscal 2018 first quarter ended June 30, 2017 as compared to consolidated net loss attributable to Air T, Inc. stockholders of $5,751,000 ($2.42 per diluted share) for the fiscal 2017 comparable period. Consolidated revenue […]

Air T, Inc. Reports Fiscal 2017 Results

MAIDEN, N.C., Oct. 13, 2017 — Air T, Inc. (Air T) (NASDAQ: AIRT) today reported a consolidated net loss attributable to Air T, Inc. stockholders of $3,214,000 ($1.51 per diluted share) for fiscal 2017, which ended March 31, 2017, compared to restated consolidated net income attributable to Air T, Inc. stockholders of $4,414,000 ($1.84 per diluted share) for fiscal 2016. Consolidated revenues increased by $260,000 to $148,472,000 for the […]

Air T, Inc. Reports Unaudited Third Quarter Fiscal 2017 Earnings

MAIDEN, N.C., Feb. 13, 2017 — Air T, Inc. (Air T) (NASDAQ: AIRT) today reported consolidated net earnings of $856,000 ($0.42 per diluted share) for fiscal 2017’s third quarter ended December 31, 2016 compared to consolidated net earnings of $2,971,000 ($1.24 per diluted share) for the similar fiscal 2016 period. Consolidated revenues net of intercompany eliminations […]

Air T, Inc. Reports Unaudited Second Quarter Fiscal 2017 Earnings

MAIDEN, N.C., Nov. 14, 2016 — Air T, Inc. (Air T) (NASDAQ: AIRT) today reported consolidated net earnings of $1,069,000($0.52 per diluted share) for fiscal 2017’s second quarter ended September 30, 2016 compared to consolidated net earnings of $3,794,000 ($1.58 per diluted share) for the similar fiscal 2016 period. Consolidated revenues net of intercompany eliminations decreased by […]

Air T, Inc. Reports Unaudited First Quarter Earnings

Air T, Inc. (Air T) (NASDAQ: AIRT) today reported consolidated net loss attributable to Air T, Inc. stockholders of $3,676,000 ($1.55 per diluted share) for the fiscal 2017 first quarter ended June 30, 2016 as compared to consolidated net loss of $736,000 ($0.31 per diluted share) for the similar fiscal 2016 comparable period. As discussed below, Air T’s consolidated financial results include the results of Delphax Technologies, Inc. (“Delphax”) since November 24, 2015.

Air T, Inc. Announces Acquisition of Contrail Aviation Support, Inc.

Maiden, NC – July 25, 2016 – Air T, Inc. (NASDAQ Capital Market: AIRT), a diversified holding company, today announced the acquisition of Contrail Aviation Support, Inc., a growing worldwide supplier of surplus and aftermarket commercial jet engine components based in Verona, WI. On July 18, 2016, pursuant to an Asset Purchase Agreement between Contrail Aviation Support, LLC (”New Contrail”), a North Carolina limited liability company and a subsidiary of Air T, Inc., and Contrail Aviation Support, Inc. (“Contrail”) and Joseph Kuhn, the sole shareholder of Contrail, the Acquisition Subsidiary completed the purchase of all of the assets owned, used or usable by Contrail.