v3.25.2
CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Revenues:    
Revenue $ 291,850 $ 286,834
Operating Expenses:    
General and administrative 57,848 51,114
Depreciation and amortization 4,356 2,798
Earnout remeasurement 435 0
Operating expenses 289,942 285,570
Operating Income 1,908 1,264
Non-operating (Expense) Income:    
Interest expense (8,387) (6,916)
Income from equity method investments 1,700 1,689
Other (209) 8
Non-operating income (expense) (6,896) (5,219)
Loss before income taxes (4,988) (3,955)
Income Tax Expense 423 729
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 (Note 20)    
Basic (in dollars per share) $ (2.23) $ (2.42)
Diluted (in dollars per share) $ (2.23) $ (2.42)
Weighted Average Shares Outstanding:    
Basic (in shares) 2,750 2,816
Diluted (in shares) 2,750 2,816
Overnight air cargo    
Operating Revenues:    
Revenue $ 124,031 $ 115,546
Operating Expenses:    
Cost of revenue 104,760 97,690
Ground Support Equipment    
Operating Revenues:    
Revenue 38,940 37,168
Operating Expenses:    
Cost of revenue 33,994 31,834
Commercial aircraft, engines and parts    
Operating Revenues:    
Revenue 118,215 125,535
Operating Expenses:    
Cost of revenue 84,896 99,222
Digital solutions    
Operating Revenues:    
Revenue 7,268 5,783
Operating Expenses:    
Cost of revenue 2,462 1,710
Corporate And Other    
Operating Revenues:    
Revenue 3,396 2,802
Operating Expenses:    
Cost of revenue $ 1,191 $ 1,202