Press Releases

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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.

Air T, Inc. Reports Fiscal 2016 Results

MAIDEN, N.C., June 29, 2016 — Air T, Inc. (NASDAQ Capital Market: AIRT) today reported consolidated net income attributable to Air T, Inc. stockholders of $4,943,000 ($2.06 per diluted share) for fiscal 2016, which ended March 31, 2016, compared to net income of $2,484,000 ($1.04 per diluted share) for fiscal 2015. Consolidated net income was$3,758,000 for the fiscal year 2016.

Air T, Inc. Reports Unaudited Third Quarter Earnings

MAIDEN, N.C., Feb. 5, 2016 — Air T, Inc. (Air T) (NASDAQ: AIRT) today reported consolidated net income of $2,971,000 ($1.24 per diluted share) for the fiscal 2016 third quarter ended December 31, 2015 as compared to consolidated net income of $1,448,000 ($0.61 per diluted share) for the similar fiscal 2015 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. to Report Third Quarter Results on February 5

MAIDEN, N.C., Jan. 25, 2016 — Air T, Inc. (Air T) (NASDAQ: AIRT) announced that it will release its results for the third quarter ended December 31, 2015 on February 5, 2016. Air T operates in several business segments.  Air T is one of the largest, small-aircraft air cargo operators in the United States.  Its Mountain Air […]

Air T, Inc. Completes Investment In Delphax Technologies

MAIDEN, N.C., Dec. 3, 2015 — Air T, Inc. (NASDAQ Capital Market: AIRT) today announced that it has completed its investment in Delphax Technologies, Inc. and its subsidiary, Delphax Technologies Canada Limited, pursuant to the previously announced Securities Purchase Agreement dated as of October 2, 2015.

Air T, Inc. Subsidiary Extends Kinston Maintenance Facility Lease

MAIDEN, N.C., Nov. 24, 2015 — Air T, Inc. (NASDAQ: AIRT) today announced that its Mountain Air Cargo subsidiary has entered into an agreement to extend the lease of its 60,000 square foot maintenance facility at the North Carolina Global TransPark in Kinston, North Carolina.  The extension initially runs to 2023, though Mountain Air Cargo has […]

Air T, Inc. Reports Unaudited Second Quarter Earnings

MAIDEN, N.C., Nov. 6, 2015 — Air T, Inc. (Air T) (NASDAQ: AIRT) today reported consolidated net earnings of$3,794,000 ($1.58 per diluted share) for fiscal 2016’s second quarter ended September 30, 2015 compared to consolidated net earnings of $1,818,000 ($0.77 per diluted share) for the similar fiscal 2015 period. Consolidated revenue increased by $10,029,000 (29%) to $44,654,000 […]

Air T, Inc. To Report Second Quarter Results On November 6

MAIDEN, N.C., Oct. 30, 2015 — Air T, Inc. (Air T) (NASDAQ: AIRT) announced that it will release its results for the second quarter ended September 30, 2015 on November 6, 2015 at 8:00 A.M. Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and […]

Air T, Inc. Reports First Quarter Earnings

MAIDEN, N.C., Aug. 5, 2015 — Air T, Inc. (NASDAQ: AIRT) today reported consolidated net loss of approximately $736,000 ($0.31 per diluted share) for the quarter ended June 30, 2015 compared to consolidated net income of approximately $73,000 ($0.03 per diluted share) for the first quarter of the prior fiscal year. Consolidated revenues increased by approximately $580,000 (3%) to […]

Air T, Inc. to Report First Quarter Results on August 5

MAIDEN, N.C., July 29, 2015 — Air T, Inc. (Air T) (NASDAQ: AIRT) announced that it intends to release results for its first fiscal quarter ended June 30, 2015 on August 5, 2015 at 8:00 A.M. (Eastern Time). Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells […]

Global Ground Support Awarded New Contract from American Airlines

MAIDEN, N.C., June 30, 2015 — Air T, Inc. (NASDAQ: AIRT) today announced that its subsidiary Global Ground Support, LLC (Global), received a contract award in excess of $32 million for the supply of Global’s Ultimate 2200 aircraft deicing vehicles to American Airlines. The deicers will be equipped with Global’s MIDAS™ vehicle telemetry systems that will provide […]

Air T, Inc. Reports Fiscal 2015 Results

MAIDEN, N.C., June 8, 2015 — Air T, Inc. (NASDAQ Capital Market: AIRT) today reported consolidated net earnings of$2,484,000 ($1.04 per diluted share) for fiscal 2015, which ended March 31, 2015, compared to net earnings of $1,467,000 ($0.60per diluted share) for fiscal 2014. Consolidated revenue for fiscal 2015 was $112,181,000 compared to $100,772,000 for fiscal 2014, representing […]

Air T, Inc. to Report Annual Results on June 8

MAIDEN, N.C., June 1, 2015 — Air T, Inc. (NASDAQ: AIRT) today announced that it intends to release its results for the fiscal year ended March 31, 2015 on Monday, June 8, 2015. Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose […]