EARNINGS PER COMMON SHARE

12 Months Ended

Mar. 31, 2025

Basic earnings per share has been calculated by dividing net income (loss) attributable to Air T, Inc. stockholders by the weighted average number of common shares outstanding during each period. For purposes of calculating diluted earnings per share, shares issuable under stock options were considered potential common shares and were included in the weighted average common shares unless they were anti-dilutive.

The computation of earnings per common share is as follows (in thousands, except per share data):


	Year Ended March 31,
	2025		2024
Net Loss	$	(5,411)	$	(4,684)
Net income attributable to non-controlling interests	(729)		(2,135)
Net loss attributable to Air T, Inc. Stockholders	$	(6,140)	(6,819)

Loss per share:
Basic	$	(2.23)	$	(2.42)
Diluted	$	(2.23)	$	(2.42)
Antidilutive shares excluded from computation of loss per share	—		—

Weighted Average Shares Outstanding:
Basic	2,750		2,816
Diluted	2,750		2,816