v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Revenues:    
Total revenue $ 115,461 $ 70,870
Operating Expenses:    
General and administrative 29,648 15,031
Depreciation and amortization 9,885 1,284
Earnout remeasurement 0 (402)
Operating expenses 128,286 70,022
Operating (loss) income (12,825) 848
Non-operating (expense) income:    
Interest expense (5,673) (2,314)
Income (loss) from equity method investments 3,215 (19)
Other 246 678
Nonoperating income (expense) (2,212) (1,655)
Loss before income taxes (15,037) (807)
Income tax expense (benefit) 660 (136)
Net loss (15,697) (671)
Net income attributable to non-controlling interests (112) (965)
Net loss attributable to Air T, Inc. stockholders $ (15,809) $ (1,636)
Loss per share (Note 6)    
Basic (in dollars per share) $ (5.86) $ (0.61)
Diluted (in dollars per share) $ (5.86) $ (0.61)
Weighted average shares outstanding:    
Basic (in shares) 2,696 2,703
Diluted (in shares) 2,696 2,703
Regional airline    
Operating Revenues:    
Total revenue $ 55,909 $ 0
Operating Expenses:    
Cost of revenue 45,258 0
Overnight Air Cargo    
Operating Revenues:    
Total revenue 29,969 30,589
Operating Expenses:    
Cost of revenue 24,628 25,899
Commercial aircraft, engines and parts    
Operating Revenues:    
Total revenue 20,523 21,960
Operating Expenses:    
Cost of revenue 14,791 14,656
Ground support equipment    
Operating Revenues:    
Total revenue 3,683 15,070
Operating Expenses:    
Cost of revenue 2,526 12,303
Digital solutions    
Operating Revenues:    
Total revenue 2,487 2,096
Operating Expenses:    
Cost of revenue 887 836
Aviation leasing and asset management    
Operating Revenues:    
Total revenue 1,365 0
Operating Expenses:    
Cost of revenue 233 0
Corporate and other    
Operating Revenues:    
Total revenue 1,525 1,155
Operating Expenses:    
Cost of revenue $ 430 $ 415