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______________________________________________________________________________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549  
______________________________________________________________________________
FORM 8-K 
______________________________________________________________________________

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): April 22, 2025
______________________________________________________________________________
AIR T, INC.
(Exact Name of Registrant as Specified in Charter)  
______________________________________________________________________________
Delaware 
001-35476
 
52-1206400
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)

11020 David Taylor Drive, Suite 305,
Charlotte, North Carolina 28262
(Address of Principal Executive Offices, and Zip Code)

________________(980) 595-2840__________________
Registrant’s Telephone Number, Including Area Code

Not applicable___
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common StockAIRT
NASDAQ Capital Market
Alpha Income Preferred Securities (also referred to as 8% Cumulative Capital Securities) (“AIP”)AIRTP
NASDAQ Global Market
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 7.01 Regulation FD Disclosure

Investor Presentations. The Company updated its investor presentation and MAC Case Study to potential investor groups. A copy of the updated PowerPoint Presentations to be used by the Company for such presentations is furnished as Exhibits 99.1 and 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.

The information contained in Item 7.01 to this Current Report on Form 8-K (including Exhibits 99.1 and 99.2) is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise be subject to the liabilities of that section. The information in this Item 7.01 (including Exhibits 99.1 and 99.2) shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, except as otherwise expressly stated in such filing.

Item 8.01 Other Events

For questions related to this release or other Air T matters, please use the Company’s interactive Q&A capability, through Slido.com, accessible from our website, to submit any questions. Questions submitted through Slido will be answered “live” and in writing at the Company’s 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.

Item 9.01 Financial Statements and Exhibits






SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 22, 2025

AIR T, INC.


By: /s/ Tracy Kennedy
Tracy Kennedy, Chief Financial Officer




NASDAQ: AIRT Planet Microcap Las Vegas April 23, 2025 A PORTFOLIO OF POWERFUL COMPANIES As of December 31, 2024


 
Statements in this document, 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, 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, changes in U.S. trade policy, tariff and import/export regulations, and market acceptance and operational success of the Company’s aircraft asset management business and related aircraft capital joint venture. 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. The Company is under no obligation, and it expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise. Potential investors should review the Company’s risk factors contained in its reports filed with the Securities and Exchange Commission prior to investing. 2 SAFE HARBOR


 
What does AIRT do? 3 • We invest to build aviation businesses for the long run • We start businesses • We acquire businesses △ We care deeply about delivering outstanding products xxand services


 
Strength from Coherent Strategy 4 We apply discernment and coordinated action to make investments that we believe will compound capabilities and capital


 
Organizational Design 5 Air T is a decentralized portfolio of responsible and autonomous businesses — each of which is independent yet interrelated. Air T finds, develops, and focuses resources to activate growth and overcome challenges. Air T makes space for dynamos and dynamic teams. Air T is an allocator-operator partnership.


 
Corporate Leadership 6 Katrina Philp Chief of Staff Working together since 2007 Nick Swenson Chief Executive Officer Working together since 2007 Mark Jundt General Counsel Working together since 2018 Ryan Ohlhorst Head of Technology Working together since 2018 Dan Philp SVP Corporate Development Working together since 2007 Tracy Kennedy Chief Financial Officer Working together since 2018 Hannu Koho Head of Project Management Working together since 2018 Kim Vu Corporate Controller Working together since 2018


 
Our Eleven Year Journey 7 As of 12/31/2013 12/31/2024 Businesses 3 14 Revenue (for 9-month periods ended 12/31) $75.3M $225.4M Adj. EBITDA (for 9-month periods ended 12/31) $2.3M $8.6M Total Debt $0.0M $123.5M Total Assets $36.5M $187.6M Tangible Net Working Capital1 $15.6M $52.9M Market Capitalization $18.8M $54.7M Enterprise Value (EV) $11.9M $159.7M 1Defined as A/R + Inventory – A/P


 
8 Build a brand and industrious network FLYWHEEL Generate extremely attractive returns on capital Secure and empower dynamic management Match with capital partners Identify good ideas 8


 
Air T’s Portfolio of Companies 9 As of and For the 9 months ended 12/31/24 1 As disclosed in our SEC filings, these investments are accounted for under the equity method of accounting on a three-month lag, and therefore, the revenues listed here are for the nine-month period ended September 30, 2024


 
Consolidated Companies Financial Trends 10 FY Results 2024 2023 2022 2021 2020 Revenue $225.5M $214.2M $172.9M $125.6M $128.4M Adjusted EBITDA1 (before Corporate Overhead) $13.1M $7.2M $10.8M $5.1M $2.9M Corporate Overhead2 ($4.5M) ($4.3M) ($5.6M) ($3.2M) ($4.2M) Adjusted EBITDA1 (after Corporate Overhead) $8.6M $2.9M $5.2M $1.9M ($1.3M) 5-Year Adjusted EBITDA CAGR to 12/31/243 66.12% (For the Nine-Month Periods Ended 12/31) 1See Adjusted EBITDA reconciliation on slide 27 2See Corporate & Other segment detail on slide 20 3 Calculated based on this formula: RRI (nper, abs(initial value), abs(initial value)+ final value)


 
Non-Operating Assets 11 OTHER (For the Nine-Month Period Ended 12/31) 1 As disclosed in our filings, these investments are accounted for under the equity method of accounting on a three-month lag, and therefore, these amounts are for the nine-month periods ended September 30 2On August 4, 2023, Insignia Systems, Inc. (ISIG) changed its name to Lendway, Inc. 3Entity total revenue for the period times Air T ownership %


 
Cadillac Castings, Inc. (“CCI”) 12 • Core Mission: Cadillac Casting, Inc. is a leading manufacturer of American-made high-quality ductile iron castings, prioritizing innovation, reliability, and technological excellence for automotive and industrial markets. • Rich History: Founded in 1922 by the Dodge brothers in Cadillac, Michigan, the company has over a century of expertise in producing ductile iron castings, evolving into a trusted supplier for diverse industries. • Industry Focus: Specializing in safety-critical automotive components like suspension and drivetrain components, CCI also serves commercial vehicles, agriculture, railroads, industrial, and consumer fitness markets. • Investment History: Air T acquired a 19.9% ownership stake in CCI for $2.8 million on November 8, 2019. Dividends received by Air T from CCI total $0.8 million since the acquisition.


 
Lendway (“LDWY”) 13 • Core Mission: Lendway, Inc. (NASDAQ: LDWY) focuses on specialty agriculture, managing high- quality agricultural investments globally to maximize stockholder value. • Business Transition: On August 4, 2023, Lendway, formerly Insignia Systems, Inc., shifted its focus from in-store marketing to specialty agriculture and finance after selling its in-store marketing business to an affiliate of Park Printing, Inc. • Bloomia Acquisition: In February 2024, Lendway acquired 81.4% of Bloomia B.V., a leading U.S. fresh-cut tulip producer, for $47.5 million. • Tulip Season and Impact: Bloomia produces over 100 million tulip stems annually, with peak demand in the first half of the calendar year for Valentine’s Day, Easter, and Mother’s Day. bloomia.com


 
Crestone Asset Management (“CAM”) 14


 
Aircraft JVs 15 ■ We manage assets for ourselves and our investor partners. The asset types include leased aircraft, consignments, and teardowns. ■ Our Aircraft JVs consist of the aircraft portfolio managed by Crestone Asset Management, LLC, as well as additional assets from other strategic partnerships. ■ Our Aircraft JVs receive 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 Aircraft JV investors seek to generate 10%+ returns after fees. As of 12/31/24 3/31/24 3/31/23 3/31/22 Aircraft JV Assets Under Management (net of dispositions) $515M $428M $150M $84M Aircraft JV Assets Purchased $564M $429M $150M $84M


 
16 xxxxxxxxxxxxxxx: A leading alternative asset manager redefining investment solutions with over $250 billion in assets, focusing on credit, GP strategic capital, and real estate to deliver strong, risk-adjusted returns. xxxxxxxxxxxxxxxxxxxxxxxxxx: A New York-based alternative asset manager specializing in private credit and special situations, managing over $10 billion with expertise in specialty finance, real estate, and corporate assets. xxxxxxxxxxxxxxx: A New York asset manager founded in 2010, focusing on structured credit and opportunistic investments in mortgage-backed securities and consumer credit to generate superior risk- adjusted returns. xxxxxxxxxxxxxxxxxxxxxxx: A global alternative asset manager providing bespoke credit solutions in real estate, infrastructure, and specialty finance, emphasizing flexibility and disciplined investment strategies. xxxxxxxxxxxxxxxxxxxxxxxxxxxx: A Connecticut-based private investment firm targeting control equity investments in small to mid-sized North American companies, driving transformational growth through operational and strategic expertise. Aircraft JVs Capital Partners


 
Aircraft Asset Management 24-1 (“AAM 24-1”) 17 AAM 24-1 is a wholly-owned consolidated subsidiary of Air T, created for the purpose of investing in Crestone Asset Management, LLC and other aviation deals alongside our Aircraft JVs capital partners. These investments are held on AAM 24-1’s balance sheet as equity method investments. Thus, this entity does not generate revenue. The private placement debt within AAM 24-1 is non-recourse to Air T. However, the Air T preferred (AIRTP) is recourse and therefore Air T is responsible for $8mm as of 12/31/24. All deals within this structure have been internally generated, allowing Air T to maintain management of the assets. Initially, the debt was collateralized by investments in the existing aircraft Joint Ventures (JVs). Over time, the structure has enabled Air T to utilize cashflows to participate in new JVs, with these new investments also serving as collateral. The cash flow from these investments is flexible, as it can be retained within AAM 24-1, used to pay down the private placement debt, or reinvested in further opportunities, depending on opportunities. AAM 24-1 Standalone Financials


 
Strength of Aircraft JVs Platform 18 A full-service aviation asset management platform with a diverse portfolio of globally leased aircraft and engines, targeting assets in the last decade of their lifecycle Commercial aircraft asset manager/trader with extensive experience in leasing, trading and component support, focused on the 737NG and A320 family Global support provider for the Westwind Under license by IAI/Gulfstream. Regional turboprop aftermarket parts supplier with a global presence Focused on airframe purchase and part-out of narrow-body aircraft & parts regeneration for aftermarket sales with a focus on Airline and MROs as priority customers Emerging leader of end-of-services solutions for aircraft worldwide. Provides storage for commercial aircraft, maintenance and aircraft disassembly/part-out Delivers landing gear focused asset management and technical and commercial services to airlines and Landing Gear MROs Extracting maximum value through the last decade of an aircraft’s lifecycle, drawing on the expertise and capabilities of the Air T family


 
19 DISTRIBUTIONS Equity Method Investment (in millions) 2024 2023 2022 Lendway (“LDWY”) $0.0 $0.0 $0.0 CCI $0.0 $0.5 $0.3 CAM $3.9 $1.4 $0.0 Other $1.2 $0.2 $0.1 Total $5.1 $2.1 $0.4 AIR T, INC. Dividends Received from Equity Method Investees (For the Nine-Month Periods Ended 12/31)


 
20 Nine-Month Periods Ended 12/31 2024 2023 2022 2021 2020 Corporate Overhead ($4.5M) ($4.3M) ($5.6M) ($3.2M) ($4.2M) Other subsidiaries1 ($3.1M) ($2.9M) ($2.9M) ($3.1M) ($2.9M) Total Corporate and Other ($7.6M) ($7.2M) ($8.5M) ($6.3M) ($7.1M) Corporate and Other Subcomponent of Operating Income (excluding Equity Method Investments) 1 Consists of other consolidated businesses that are insignificant and do not fit cleanly into the Commercial Jet Engines and Parts, Overnight Air Cargo, or Ground Equipment Sales segments


 
21 CAPITALIZATION TABLE AIR T, INC.’s capital structure is designed to appropriately shape our bet sizes; in part by utilizing non-recourse leverage For example, AIR T guarantees Contrail’s bank loans to a maximum limit of $1.6 million. 1We entered interest rate swaps to provide a fixed rate of 5.09% and 4.68%, respectively, for Term Notes D and G.


 
Debt Summary1 22 47% 53% 1See the debt table on slide 21 for details on the specific debt facilities


 
“AIRTP” 23 Overview: AIRTP represents preferred security issued by Air T Funding, a finance subsidiary of Air T, Inc., listed on NASDAQ under the ticker AIRTP. Security: Trust-preferred securities with a $25.00 par value per share, ensuring priority over common stock, with consistent dividend payments. High Dividend Yield: ~12% annual yield with $2.00 per share dividends, paid quarterly ($0.50 per share, next ex-dividend: May 14, 2025). Low Market Risk: Beta of 0.50, offering reduced volatility compared to the broader market. $16.44 as of April 17, 2025


 
Air T Digital 24 ■ Consists of WorldACD and Ambry Hill Technologies ■ We invest in companies that provide digital aviation and other business services that generate recurring subscription revenues. As of 12/31/24 3/31/24 3/31/23 3/31/22 ARR1 $7.3M $5.9M $4.7M $3.9M 1ARR, or Annual Recurring Revenue, is defined as the monthly recurring revenue as of December 31, 2024, March 31, 2024, March 31, 2023, and March 31, 2022, multiplied by 12


 
25 Q&A


 
26 Appendix


 
Adjusted EBITDA Reconciliation 27 FY Results 2024 2023 2022 2021 2020 Operating Income (GAAP) $5.1M ($0.2M) $1.1M $0.7M ($2.9M) Depreciation (excluding leased engine depreciation) $2.3M $2.1M $1.8M $1.0M $0.9M Asset Impairment, write-downs, restructuring $0.8M $0.3M $2.2M $0.0M $0.7M Gain on sale of PP&E ($0.0M) ($0.0M) ($0.0M) $0.0M $0.0M TruPs Issuance Expenses & other* $0.4M $0.7M $0.1M $0.2M $0.0M Adjusted EBITDA $8.6M $2.9M $5.2M $1.9M ($1.3M) (For the Nine-Months Period Ended 12/31) *Additional categories of ‘Share-based compensation’ and ‘Severance expenses’ included in Adjusted EBITDA calculation, effective 9/30/24 The 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.


 
NASDAQ: AIRT FY25 Mountain Air Cargo Case Study: Business Unit Analysis December 31, 2024 A PORTFOLIO OF POWERFUL COMPANIES


 
SAFE HARBOR x Statements in this document, 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 1996), 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, 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 impact of any terrorist activities on United States soil or abroad; the 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, competition from other providers of similar equipment and services, changes in government regulation and technology. 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. The Company is under no obligation, and it expressly disclaims any obligation, to update or alter any forward- looking statements, whether as a result of new information, future events or otherwise. Potential investors should review the Company’s risk factors in its reports filed with the Securities and Exchange Commission, as well as the summary Risk Factors contained herein, prior to investing.


 
CONTENTS x 1. Executive Summary 2. Significant Events and Milestones 3. Financial Ratios


 
EXECUTIVE SUMMARY x Mountain Air Cargo (“MAC") is a business unit of the AIR T, INC. holding company (NASDAQ: AIRT). Mission: “Provide high quality and dependable customer service in the express air cargo industry by adding value and creating opportunities for our employees, customers, and investors.” Vision: “To be the leader in express air cargo industry through excellence in service and sustainable growth in a family-oriented environment.”


 
EXECUTIVE SUMMARY x Key Points: • Incorporated in December 1982 • FedEx Feeder Operator – 1983 • Four main Flight Crew domiciles located in Indianapolis, Memphis and Puerto Rico (San Juan and Aguadilla) • Fleet: C208, C408, ATR 42, ATR 72, ATR 72-600f • Over 150 Flights per day, spanning 55 destinations across Eastern U.S and Caribbean • Overnight Air Cargo Segment • CSA Air / WASI


 
EXECUTIVE SUMMARY x We respect, care and treat each other as family to overcome challenges and celebrate successes. Core Values Family Integrity We operate with full transparency and pledge to maintain the highest moral character, even under the challenging circumstances, in all aspects of our business. Quality We take pride in ensuring quality of life for our employees while providing high quality, safe and dependable service. Commitment Dedicated to going above and beyond for each other and our customer. Innovation Developing unique solutions to enable us to be the leader in the express air cargo industry. If there is a better way, we will find it.


 
KEY PEOPLE x Mike Bandalan CEO Christina McMahon Accounting Director Ken Troyer COO Kathy Barnette- Novak Director of HR


 
SIGNIFICANT EVENTS & MILESTONES x 1982-2019 1982: Mountain Air Cargo (“MAC”) was incorporated, which became the first investment of Air T, Inc. 1983: Became a FedEx Feeder Operator 2019: New Leadership takes place with new vision - MAC business continuing strong to this day. 2020 - 2021 “Classic MAC”: Consists of 4 core areas – FAA Compliance, Safety, Effectiveness and Reliability Continued bottom-line performance through adversity of COVID-19 Solutions Driven / Value Added Service: C208/C408 SIC Programs, & ATR 135 Operations 2022-2023 Fleet Refreshment Programs: For C408/ATR-600 Aircraft models as well as the introduction of ATR72-600F aircraft models Strengthen and Growth: Strong focus on employee retention and recruiting, growth of aircraft fleet, and vertical growth from the acquisition of WASI. Expansion of Caribbean routes and fleet aircraft 2024-2025 Continuous Growth: MAC will seek additional growth through strategic acquisitions, further international expansion, and increasing aircraft count through the feeder program.


 
REVENUE GROWTH MAC’s revenue has grown at a cumulative annual growth rate (CAGR) of 6.08% since fiscal year 2017 through fiscal year 2024. Revenue Growth In Thousands 2017 2018 2019 2020 2021 2022 2023 2024 2023 2024 Revenue $59,805 $63,030 $62,866 $64,853 $56,418 $64,448 $78,420 $95,920 $70,377 $74,930 Year Ended March 31, Nine Months Ended December 31,


 
STOCKHOLDERS’ EQUITY MAC’s stockholders’ equity has grown at a cumulative annual growth rate (CAGR) of 6.58% from fiscal year 2017 through fiscal year 2024. In Thousands 2017 2018 2019 2020 2021 2022 2023 2024 2023 2024 Stockholders's Equity $26,901 $30,255 $31,481 $31,511 $33,188 $35,426 $38,974 $44,800 $43,692 $49,519 As of March 31, As of December 31,


 
REVENUE BY TYPE The table above represents MAC’s revenue by type. Revenue by Type In Thousands 2017 2018 2019 2020 2021 2022 2023 2024 2023 2024 Revenue - Cargo $38,024 $40,140 $42,427 $41,031 $36,289 $40,132 $50,347 $58,767 $43,056 $49,122 Revenue - Maintenance 21,781 22,890 20,440 23,822 20,129 24,316 28,072 37,153 27,321 25,809 Total Revenue (Operating) $59,805 $63,030 $62,866 $64,853 $56,418 $64,448 $78,420 $95,920 $70,377 $74,930 Year Ended March 31, Nine Months Ended December 31,


 
EBITDA PERFORMANCE MAC’s EBITDA has grown at a CAGR of 16.17% from fiscal year 2017 through fiscal year 2024. Impairment in FY23 due to a loss related to the abandonment of an ERP system that that did not meet initial requirements. *EBITDA = Operating Income (loss) + Depreciation + Amortization + Impairment + Loss (Gain) on Sale of Assets + Severance Expense EBIDTA Balances In Thousands 2017 2018 2019 2020 2021 2022 2023 2024 2023 2024 Operating Income (Loss) $1,684 $3,354 $1,219 $(11) $1,677 $2,238 $3,693 $5,826 $4,718 $4,740 Depreciation 104 93 77 68 41 37 69 112 82 129 Amortization - - - - - - - 11 7 13 Impairment - - - - - - 274 - - - Loss (Gain) on Sale of Assets 4 11 1 4 2 1 (2) (5) 1 Severance Expense - - - - - - 2 49 2 49 EBITDA* $1,793 $3,458 $1,296 $57 $1,722 $2,277 $4,039 $5,995 $4,803 $4,932 Year Ended March 31, Nine Months Ended December 31,


 
AIRCRAFT COUNT 0 5 10 15 20 25 30 35 40 45 2017 2018 2019 2020 2021 2022 2023 2024 AirCraft Count C208 ATR C408 0 10 20 30 40 50 60 70 80 2017 2018 2019 2020 2021 2022 2023 2024 Total Aircraft Count


 
v3.25.1
Cover
Apr. 22, 2025
Entity Information  
Document Type 8-K
Document Period End Date Apr. 22, 2025
Entity Registrant Name AIR T, INC.
Entity Incorporation, State DE
Entity File Number 001-35476
Entity Tax Identification Number 52-1206400
Entity Address, Street 11020 David Taylor Drive, Suite 305,
Entity Address, City Charlotte
Entity Address, State NC
Entity Address, Postal Zip Code 28262
City Area Code 980
Local Phone Number 595-2840
Written Communications false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0000353184
Amendment Flag false
Document Effective Date Apr. 22, 2025
Soliciting Material false
Common Stock  
Entity Information  
Title of 12(b) Security Common Stock
Trading Symbol AIRT
Security Exchange Name NASDAQ
Cumulative Capital Securities  
Entity Information  
Title of 12(b) Security Alpha Income Preferred Securities (also referred to as 8% Cumulative Capital Securities) (“AIP”)
Trading Symbol AIRTP
Security Exchange Name NASDAQ

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