In fiscal 2026, which ended Mar 31, 2026, Air T, Inc. reported revenue of $327.1 million, up 12.1% from the year before. Net income was $78.0 million, a profit margin of 23.8%. The operating loss came to $11.2 million, an operating margin of -3.4%. Diluted earnings per share were $28.85. Over the twelve months ended Jun 30, 2026, revenue was $371.7 million and net income was $63.8 million. Across the 10 fiscal years shown, revenue grew from $148.5 million in fiscal 2017 to $327.1 million in fiscal 2026, about 9.2% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2027
Jun 30, 2026
|
FY 2026
Mar 31, 2026
|
FY 2025
Mar 31, 2025
|
FY 2024
Mar 31, 2024
|
FY 2023
Mar 31, 2023
|
FY 2022
Mar 31, 2022
|
FY 2020
Mar 31, 2021
|
FY 2019
Mar 31, 2020
|
FY 2019
Mar 31, 2019
|
FY 2018
Mar 31, 2018
|
FY 2017
Mar 31, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
372
+25.4%
|
327
+12.1%
|
292
+1.7%
|
287
+16.0%
|
247
+39.7%
|
177
|
175
-26.0%
|
237
+21.7%
|
216
+10.8%
|
195
+31.0%
|
148
+0.2%
|
| Research and development |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
0
-81.2%
|
1
+34.0%
|
| Selling, general and administrative |
95
+63.8%
|
81
+39.7%
|
58
+13.2%
|
51
+19.3%
|
43
+43.7%
|
30
|
34
+2.0%
|
40
+36.5%
|
34
+15.3%
|
29
+31.2%
|
22
+22.4%
|
| Operating income |
-25
-846.2%
|
-11
-686.8%
|
2
+50.9%
|
1
+128.7%
|
-4
-150.3%
|
9
|
-9
-198.3%
|
7
+71.7%
|
9
+119.8%
|
4
+236.9%
|
-3
-151.4%
|
| Other income (expense) |
97
+1147.1%
|
97
+1509.8%
|
-7
-32.1%
|
-5
+24.9%
|
-7
-249.7%
|
5
|
-3
+22.5%
|
-5
-192.8%
|
-3
-111.0%
|
-2
-42.5%
|
-1
-1018.6%
|
| Pretax income |
72
+1317.2%
|
86
+1824.5%
|
-5
-26.1%
|
-4
+65.2%
|
-11
-184.7%
|
13
|
-12
-297.4%
|
3
-1.0%
|
6
+125.1%
|
3
+162.8%
|
-4
-168.6%
|
| Income tax |
2
+902.3%
|
1
+223.6%
|
0
-42.0%
|
1
+68.8%
|
0
-63.0%
|
1
|
-3
-292.3%
|
-1
-379.0%
|
2
+803.1%
|
0
-73.1%
|
1
-69.7%
|
| Net income |
64
+957.5%
|
78
+1370.1%
|
-6
+10.0%
|
-7
+44.5%
|
-12
-212.5%
|
11
|
-7
-643.1%
|
8
+236.2%
|
1
-41.2%
|
2
+170.9%
|
-3
-172.8%
|
| Basic EPS |
23.62
+968.5%
|
28.85
+1393.7%
|
-2.23
+7.9%
|
-2.42
+44.0%
|
-4.32
-214.0%
|
3.79
|
-2.53
-675.0%
|
2.74
+146.8%
|
0.44
-60.4%
|
1.11
+173.5%
|
-1.51
-181.2%
|
| Diluted EPS |
23.62
+968.5%
|
28.85
+1393.7%
|
-2.23
+7.9%
|
-2.42
+44.0%
|
-4.32
-214.3%
|
3.78
|
-2.53
-675.0%
|
2.73
+145.9%
|
0.44
-60.4%
|
1.11
+173.5%
|
-1.51
-182.1%
|
| Weighted average shares, basic |
3
-1.3%
|
3
-1.7%
|
3
-2.3%
|
3
-1.1%
|
3
-1.1%
|
3
|
3
-5.6%
|
3
+36.6%
|
3
+49.4%
|
2
-3.9%
|
2
-10.4%
|
| Weighted average shares, diluted |
3
-1.3%
|
3
-1.7%
|
3
-2.3%
|
3
-1.1%
|
3
-1.4%
|
3
|
3
-5.8%
|
3
+36.6%
|
3
+49.4%
|
2
-3.6%
|
2
-11.3%
|
| Other measures | |||||||||||
| Depreciation and amortization |
21
+329.1%
|
12
+183.3%
|
4
+55.7%
|
3
-32.8%
|
4
+123.8%
|
2
|
3
-57.2%
|
7
+199.1%
|
7
+199.1%
|
2
-23.7%
|
3
+187.4%
|
| EBITDA |
-4
-147.8%
|
1
-81.8%
|
6
+54.2%
|
4
+1758.0%
|
-0
-102.3%
|
11
|
-6
-136.6%
|
15
+118.1%
|
17
+148.7%
|
7
+8132.5%
|
0
-98.9%
|
| Interest coverage |
-1.62x
|
-0.93x
|
0.23x
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Margins | |||||||||||
| Operating margin |
-6.69%
|
-3.42%
|
0.65%
|
0.44%
|
-1.78%
|
4.94%
|
-5.24%
|
3.08%
|
4.33%
|
2.18%
|
-2.09%
|
| Pretax margin |
19.31%
|
26.30%
|
-1.71%
|
-1.38%
|
-4.59%
|
7.57%
|
-6.73%
|
1.11%
|
2.77%
|
1.36%
|
-2.84%
|
| Profit margin |
17.17%
|
23.84%
|
-2.10%
|
-2.38%
|
-4.97%
|
6.17%
|
-4.16%
|
3.23%
|
0.62%
|
1.17%
|
-2.16%
|
| EBITDA margin |
-1.06%
|
0.35%
|
2.15%
|
1.42%
|
-0.10%
|
5.99%
|
-3.47%
|
6.15%
|
7.70%
|
3.43%
|
0.05%
|
| Effective tax rate |
3.02%
|
1.59%
|
—
|
—
|
—
|
8.73%
|
—
|
-20.73%
|
29.51%
|
7.35%
|
—
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Air Courier Services (SIC 4513)
- Listed as
- AIRT (Nasdaq), AIRTP (Nasdaq)
- Fiscal year ends
- March 31
- Incorporated in
- DE
- Headquarters
- Charlotte, NC
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 353184
- Former names
- AIR TRANSPORTATION HOLDING CO INC (until Feb 12, 1999)
Other Air Courier Services companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.