Welcome to our dedicated page for Air T news (Ticker: AIRT), a resource for investors and traders seeking the latest updates and insights on Air T stock.
Air T Inc. (NASDAQ: AIRT) maintains a diversified presence across aviation services through its air cargo operations, ground equipment solutions, and commercial jet engine parts management. This news hub provides investors and industry professionals with essential updates about the company's strategic initiatives and market position.
Access comprehensive coverage of AIRT's operational developments including earnings announcements, regulatory filings, partnership agreements, and leadership updates. Our curated collection ensures you stay informed about critical events affecting this multifaceted aviation services provider.
Key focus areas include air freight capacity expansions, FAA-certified operations, aftermarket parts distribution, and ground support equipment innovations. All content is sourced directly from company disclosures and verified industry channels to ensure reliability.
Bookmark this page for streamlined access to Air T Inc.'s latest business developments. Check regularly for updates on contract awards, subsidiary performance metrics, and aviation industry trends directly impacting the company's diversified operations.
Air T (NASDAQ:AIRT) has announced its participation in the upcoming Sidoti May Virtual Investor Conference, scheduled for May 21-22, 2025. The company will deliver a presentation on Thursday, May 22nd at 12:15 PM ET, which will be accessible via a live webinar link. Additionally, Air T will conduct one-on-one meetings with investors during both conference days.
The company has also implemented an interactive Q&A system through Slido.com for stakeholder questions. Responses to submitted questions will be provided during the Annual Meeting and through quarterly written updates, though not all questions may be addressed due to legal and practical constraints.
Air T (NASDAQ:AIRT) has announced its participation in the upcoming Planet MicroCap Showcase: VEGAS 2025, scheduled for April 23-24, 2025, at the Paris Hotel & Casino in Las Vegas. Chairman and CEO Nick Swenson will deliver a presentation on Wednesday, April 23, at 1:00 PM PST, followed by a Q&A session.
The company will also conduct in-person 1x1 investor meetings on Thursday, April 24. A preview conversation between Swenson and Planet MicroCap Host & CEO Robert Kraft is available online. The company has implemented an interactive Q&A capability through Slido.com for stakeholder questions, which will be addressed during the Annual Meeting and through quarterly written responses.
Air T (NASDAQ:AIRT) reported strong financial results for Q3 FY2025. Revenue increased 22% to $77.9 million, with operating income of $1.8 million, up $3.4 million from prior year's loss. Adjusted EBITDA reached $2.7 million compared to a $0.1 million loss last year.
Key segment performance includes: Overnight Air Cargo revenue up 5% to $30.6 million with fleet expansion to 105 aircraft; Ground Equipment Sales revenue up 40% to $11.8 million with backlog at $12.9 million; Commercial Jet Engines and Parts revenue increased by $8.5 million to $32.7 million.
The company is celebrating Contrail's 25th anniversary, a key business unit showing strong growth with revenue CAGR of 42.27% since FY2017 and contributing $10.7 million in Operating Income in the recent nine months ended December 31, 2024.
LeaseWorks, a Portside company, has announced a new partnership with Denver-based Crestone Air Partners to enhance their digital asset management strategy. Crestone will implement two key solutions: Aeris MATCH™, which will automate commercial activities including trading, marketing, and market intelligence gathering, and Aeris ASSET™, which will streamline contract, finance, and technical activities.
The partnership aims to improve process efficiency, organization, and asset management through advanced analytics and automation. According to Crestone's CEO Kevin Milligan, these systems will support their growing asset base and scale with their expansion plans, while LeaseWorks' President Haseem Vazhayil emphasizes the solutions' role in powering growth through data-driven decision-making.
Air T Inc (NASDAQ:AIRT) reported strong Q2 FY2025 results with revenues of $81.2 million, up 3% year-over-year. Operating income increased significantly to $3.9 million from $0.8 million in the prior year. The company achieved an Adjusted EBITDA of $5.0 million, up from $1.6 million. Earnings per share improved to $0.91 compared to a loss of $0.57 in the previous year. The Overnight Air Cargo segment saw 11% revenue growth, while Ground Equipment Sales increased 18%. Commercial Jet Engines segment showed strong margins despite revenue decrease. The company's equity method investments reached $17.6 million, with net income of $2.3 million from these investments.
Ashland Place Finance has completed a new facility financing for the acquisition of a Boeing 737-800 for Crestone Air Partners, Air T, and Mill Road Capital Management. This marks the third transaction between Ashland Place and Crestone, following previous financings of three Boeing 737-800 freighters in January 2024 and four CFM56 engines in July 2022. The deal demonstrates the ongoing partnership between the companies, with both parties expressing satisfaction with their continued collaboration.
Latitude Aero, a leading aircraft seating refurbishment company, has received FAA approval for digital recordkeeping through the implementation of Vista-Suite.com Enterprise, a cloud-based ERP and MRO software from Ambry Hill Technologies. The system complies with FAA AC 120-78A guidelines, enabling electronic signatures, record keeping, and manuals. This transition from paper-based to digital documentation allows Latitude Aero to streamline compliance processes, reduce documentation time, and operate remotely while maintaining FAA standards for cybersecurity, audit trails, and digital storage.
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