v3.26.1
CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Revenues:    
Reconciliation of revenue $ 327,090 $ 291,850
Operating Expenses:    
General and administrative 80,840 57,848
Depreciation and amortization 12,340 4,356
Earnout remeasurement (666) 435
Operating expenses 345,321 289,942
Gain on sale of aircraft on lease 7,034 0
Operating (Loss) Income (11,197) 1,908
Non-operating (Expense) Income:    
Interest expense (12,040) (8,387)
(Loss) income from equity method investments (1,740) 1,700
Gain on bargain purchase 111,190 0
Other (193) (209)
Non-operating income (expense) 97,217 (6,896)
Earnings (Loss) before income taxes 86,020 (4,988)
Income Tax Expense 1,369 423
Net Income (Loss) 84,651 (5,411)
Net Income Attributable to Non-controlling Interests (6,668) (729)
Net Income (Loss) Attributable to Air T, Inc. Stockholders $ 77,983 $ (6,140)
Earnings (Loss) per share (Note 21)    
Basic (in dollars per share) $ 28.85 $ (2.23)
Diluted (in dollars per share) $ 28.85 $ (2.23)
Weighted Average Shares Outstanding:    
Basic (in shares) 2,703 2,750
Diluted (in shares) 2,703 2,750
Overnight air cargo    
Operating Revenues:    
Reconciliation of revenue $ 123,696 $ 124,031
Operating Expenses:    
Cost of revenue 104,100 104,760
Ground support equipment    
Operating Revenues:    
Reconciliation of revenue 47,185 38,940
Operating Expenses:    
Cost of revenue 36,726 33,994
Commercial aircraft, engines and parts    
Operating Revenues:    
Reconciliation of revenue 86,919 118,215
Operating Expenses:    
Cost of revenue 61,579 84,896
Digital solutions    
Operating Revenues:    
Reconciliation of revenue 9,081 7,268
Operating Expenses:    
Cost of revenue 3,589 2,462
Regional airline    
Operating Revenues:    
Reconciliation of revenue 55,314 0
Operating Expenses:    
Cost of revenue 44,878 0
Corporate and other    
Operating Revenues:    
Reconciliation of revenue 4,895 3,396
Operating Expenses:    
Cost of revenue $ 1,935 $ 1,191