Air T, Inc. Reports Third Quarter Fiscal 2025 Results
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.
Air T (NASDAQ:AIRT) ha riportato risultati finanziari solidi per il terzo trimestre dell'anno fiscale 2025. I ricavi sono aumentati del 22% a 77,9 milioni di dollari, con un reddito operativo di 1,8 milioni di dollari, in aumento di 3,4 milioni di dollari rispetto alla perdita dell'anno precedente. L'EBITDA rettificato ha raggiunto i 2,7 milioni di dollari rispetto a una perdita di 0,1 milioni di dollari nell'anno scorso.
Le performance dei segmenti chiave includono: i ricavi del Carico Aereo Notturno aumentati del 5% a 30,6 milioni di dollari con un'espansione della flotta a 105 aerei; i ricavi delle Vendite di Attrezzature a Terra aumentati del 40% a 11,8 milioni di dollari con un backlog di 12,9 milioni di dollari; i ricavi dei Motori e Parti di Jet Commerciali aumentati di 8,5 milioni di dollari a 32,7 milioni di dollari.
L'azienda sta celebrando il 25° anniversario di Contrail, un'unità aziendale chiave che mostra una forte crescita con un tasso di crescita annuale composto (CAGR) del 42,27% dal FY2017 e contribuendo con 10,7 milioni di dollari in reddito operativo nei recenti nove mesi conclusi il 31 dicembre 2024.
Air T (NASDAQ:AIRT) reportó resultados financieros sólidos para el tercer trimestre del año fiscal 2025. Los ingresos aumentaron un 22% a 77,9 millones de dólares, con un ingreso operativo de 1,8 millones de dólares, un incremento de 3,4 millones de dólares respecto a la pérdida del año anterior. El EBITDA ajustado alcanzó los 2,7 millones de dólares en comparación con una pérdida de 0,1 millones de dólares el año pasado.
El rendimiento de los segmentos clave incluye: ingresos de Carga Aérea Nocturna aumentados en un 5% a 30,6 millones de dólares con expansión de flota a 105 aeronaves; ingresos de Ventas de Equipos de Tierra aumentados en un 40% a 11,8 millones de dólares con un backlog de 12,9 millones de dólares; ingresos de Motores y Piezas de Jets Comerciales aumentados en 8,5 millones de dólares a 32,7 millones de dólares.
La empresa está celebrando el 25° aniversario de Contrail, una unidad de negocio clave que muestra un fuerte crecimiento con una tasa de crecimiento anual compuesta (CAGR) del 42,27% desde el FY2017 y contribuyendo con 10,7 millones de dólares en ingreso operativo en los recientes nueve meses finalizados el 31 de diciembre de 2024.
Air T (NASDAQ:AIRT)는 2025 회계연도 3분기 강력한 재무 결과를 보고했습니다. 수익이 22% 증가하여 7,790만 달러에 달했으며, 운영 수익은 180만 달러로 작년의 손실에서 340만 달러 증가했습니다. 조정 EBITDA는 작년의 10만 달러 손실과 비교하여 270만 달러에 도달했습니다.
주요 세그먼트 성과는 다음과 같습니다: 야간 항공 화물 수익이 5% 증가하여 3,060만 달러에 이르렀으며, 항공기 수는 105대로 확대되었습니다; 지상 장비 판매 수익이 40% 증가하여 1,180만 달러에 도달했으며, 백로그는 1,290만 달러입니다; 상업용 제트 엔진 및 부품 수익은 850만 달러 증가하여 3,270만 달러에 이릅니다.
회사는 Contrail의 25주년을 기념하고 있으며, 이는 FY2017 이후 연평균 성장률(CAGR) 42.27%를 기록하며 최근 2024년 12월 31일 종료된 9개월 동안 1,070만 달러의 운영 수익에 기여한 주요 비즈니스 유닛입니다.
Air T (NASDAQ:AIRT) a annoncé des résultats financiers solides pour le troisième trimestre de l'exercice 2025. Le chiffre d'affaires a augmenté de 22 % pour atteindre 77,9 millions de dollars, avec un revenu d'exploitation de 1,8 million de dollars, en hausse de 3,4 millions de dollars par rapport à la perte de l'année précédente. L'EBITDA ajusté a atteint 2,7 millions de dollars par rapport à une perte de 0,1 million de dollars l'année dernière.
Les performances des segments clés incluent : des revenus de Fret Aérien Nocturne en hausse de 5 % à 30,6 millions de dollars avec une expansion de la flotte à 105 avions ; des revenus de Ventes d'Équipements au Sol en hausse de 40 % à 11,8 millions de dollars avec un carnet de commandes de 12,9 millions de dollars ; des revenus de Moteurs et Pièces de Jets Commerciaux augmentés de 8,5 millions de dollars à 32,7 millions de dollars.
L'entreprise célèbre le 25e anniversaire de Contrail, une unité commerciale clé qui affiche une forte croissance avec un taux de croissance annuel composé (CAGR) de 42,27 % depuis l'exercice 2017 et ayant contribué à hauteur de 10,7 millions de dollars au revenu d'exploitation au cours des neuf derniers mois se terminant le 31 décembre 2024.
Air T (NASDAQ:AIRT) hat starke Finanzergebnisse für das dritte Quartal des Geschäftsjahres 2025 berichtet. Der Umsatz stieg um 22% auf 77,9 Millionen Dollar, mit einem operativen Einkommen von 1,8 Millionen Dollar, was einem Anstieg von 3,4 Millionen Dollar im Vergleich zum Verlust des Vorjahres entspricht. Das bereinigte EBITDA erreichte 2,7 Millionen Dollar im Vergleich zu einem Verlust von 0,1 Millionen Dollar im letzten Jahr.
Die Leistung der wichtigsten Segmente umfasst: Nachtsendungen mit einem Umsatzanstieg von 5% auf 30,6 Millionen Dollar bei einer Flottenerweiterung auf 105 Flugzeuge; Verkauf von Bodenanlagen mit einem Umsatzanstieg von 40% auf 11,8 Millionen Dollar und einem Auftragsbestand von 12,9 Millionen Dollar; Kommerzielle Flugzeugtriebwerke und -teile mit einem Umsatzanstieg von 8,5 Millionen Dollar auf 32,7 Millionen Dollar.
Das Unternehmen feiert das 25-jährige Bestehen von Contrail, einer wichtigen Geschäftseinheit, die seit dem Geschäftsjahr 2017 ein starkes Wachstum mit einer jährlichen Wachstumsrate (CAGR) von 42,27% zeigt und in den letzten neun Monaten bis zum 31. Dezember 2024 10,7 Millionen Dollar zum Betriebsergebnis beigetragen hat.
- Revenue increased 22% YoY to $77.9 million
- Operating income improved by $3.4 million to $1.8 million
- Adjusted EBITDA turned positive at $2.7 million from -$0.1 million
- Ground Equipment Sales backlog doubled to $12.9 million
- Aircraft fleet expanded from 85 to 105 units
- Contrail unit showed 42.27% revenue CAGR since FY2017
- Higher health insurance claims impacting Corporate segment
- Weak deicer sales environment affecting GGS segment
- Rising aviation asset values creating near-term challenges
Insights
The Q3 FY2025 results reveal a compelling turnaround story, with several key developments deserving investor attention. The 22% revenue growth to $77.9M and $1.8M operating profit (versus previous year's loss) underscore improving operational efficiency across segments.
The Commercial Jet Engines segment's performance is particularly noteworthy, driven by an interesting market dynamic: OEM delivery delays are forcing airlines to extend the service life of existing 737NG and A320CEO fleets. This has created a robust demand for aftermarket parts, which Contrail has successfully leveraged. The segment's $2.9M Adjusted EBITDA represents a remarkable turnaround from last year's loss.
Ground Equipment Sales presents an intriguing recovery narrative. While the CEO acknowledges industry-wide weakness in deicer sales, the doubled backlog to $12.9M suggests potential market share gains or improving industry conditions. The segment's return to profitability, albeit modest, indicates successful cost management despite challenging market conditions.
Contrail's 25-year performance data reveals exceptional growth dynamics, with revenue CAGR of 42.27% since 2017. More importantly, the recent deleveraging positions it well for future opportunities in a market where aviation asset values are rising. The $10.7M operating income in the recent nine months demonstrates strong execution in a complex market environment.
The Overnight Air Cargo segment's fleet expansion from 85 to 105 aircraft, while maintaining stable EBITDA margins, suggests efficient scaling of operations. However, investors should monitor the impact of higher health insurance claims in the Corporate segment, which led to increased losses.
The emergence of digital revenues as a growth driver, particularly in Shanwick's software subscriptions, indicates a strategic pivot toward higher-margin, recurring revenue streams - a potential value creation catalyst that deserves investor attention.
CHARLOTTE, NC / ACCESS Newswire / February 12, 2025 / Air T, Inc. (NASDAQ:AIRT) is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. We seek dynamic individuals and teams to operate companies with processes and insights that drive increasing value over time. We believe we can invest corporate resources to help activate growth and overcome challenges.
Our core segments are overnight air cargo; ground equipment sales; commercial jet engines and parts; and corporate and other.
The company is celebrating the 25th anniversary of its business unit, Contrail, a leading provider of commercial aircraft trading, leasing, and parts solutions and a key contributor to Air T's long-term growth.
Today the Company is announcing results for the fiscal third quarter ended December 31, 2024:
Revenues totaled
$77.9 million for the quarter ended December 31, 2024, an increase of$14.1 million , or22% from the prior year's comparable quarter.Operating income was
$1.8 million for the quarter ended December 31, 2024, an increase of$3.4 million from the prior year comparable quarter's operating loss of$1.6 million .Adjusted EBITDA* profit of
$2.7 million for the quarter ended December 31, 2024, compared to an Adjusted EBITDA* loss of$0.1 million in the prior year's comparable quarter.The investment balance for the Company's equity method investees was
$18.7 million at December 31, 2024; as compared to$16.7 million at March 31, 2024.
*Adjusted EBITDA is a non-GAAP financial measure; see below for further explanation and reconciliation to GAAP measure.
Company Chairman and CEO Nick Swenson commented:
"Fiscal 2025 themes continue. Aviation assets are rising in value creating near-term challenges for our customers and ourselves, while requiring careful calibration of future expectations. Our independent-yet-interrelated businesses in the mid-to-end-of-life aviation asset marketplaces are making adjustments to adapt. Notably, Contrail has deleveraged significantly in the past year; and Crestone has both sold aviation assets and added net assets to the portfolio they manage for investment partners. Amidst a challenging sales and margin environment, GGS is working hard on a large number of product-development projects. We don't believe that we have lost significant market share but rather deicer sales have been weak for all participants. We're hopeful that this will reverse in the next year. Finally, we expect continued steady growth in our digital revenues. Our investor presentation includes more information with respect to digital revenues."
Business Segment Results
Overnight Air Cargo
This segment provides air express delivery services, primarily for FedEx, and repair services.
Revenues for this segment increased
5% to$30.6 million in the quarter ended December 31, 2024, compared to$29.0 million in the prior year's comparable quarter. The increase was principally attributable to higher administrative fees and pass through revenue due to an increased fleet of 105 aircraft as of December 31, 2024 compared to 85 aircraft as of December 31, 2023.Adjusted EBITDA* for this segment was
$2.0 million for the quarter ended December 31, 2024, an increase of$0.1 million when compared to the prior year's comparable quarter.
Ground Equipment Sales ("GGS")
This segment-which includes some of the world-leading brands in the category-manufactures mobile deicers and other specialized ground-support equipment. Customers include passenger and cargo airlines, airports, the military, and other industrial customers.
Revenues for this segment totaled
$11.8 million for the quarter ended December 31, 2024, up40% when compared to revenue of$8.4 million in the previous year's third fiscal quarter. The increase was primarily driven by the higher number of deicing trucks sold and higher parts and service revenue in the current year's quarter compared to the prior year's comparable quarter.Adjusted EBITDA* profit for this segment was
$0.2 million in the quarter ended December 31, 2024, an increase of$0.7 million compared to the prior year quarter's Adjusted EBITDA* loss of$0.5 million , due primarily to the revenue increase noted above.As of December 31, 2024, this segment's order backlog was
$12.9 million versus$6.2 million as of December 31, 2023.
Commercial Jet Engines and Parts
This segment leases commercial jet engines and aircraft; buys, sells and trades in surplus and aftermarket commercial jet engines, engine parts, airframes, and airframe parts, avionics, and other; then delivers the related documents and logistics.
Revenues for this segment totaled
$32.7 million for the quarter ended December 31, 2024, an increase of$8.5 million versus the previous year's fiscal third quarter. This increase was largely attributed to higher component sales at Contrail during the current quarter. We believe this growth is due to airlines prioritizing the maintenance of their existing 737NG and A320CEO fleets as a result of cancellations or delays in new aircraft deliveries from OEMs. Contrail has been able to meet this rising demand by leveraging its inventory and expertise in providing serviceable aftermarket materials.Adjusted EBITDA* profit for this segment was
$2.9 million for the quarter ended December 31, 2024, an increase of$3.1 million when compared to the prior year quarter's Adjusted EBITDA* loss of$0.2 million , primarily due to the revenue increase noted above.
Corporate and Other
This segment reflects the Company's activities as a capital allocator and resource for its consolidated businesses. Moreover, Corporate and Other segment also comprises activity related to its smaller businesses and business interests.
Revenues for this segment totaled
$2.8 million for the quarter ended December 31, 2024, an increase of$0.6 million versus the previous year's fiscal third quarter. The increase was primarily attributable to increased software subscriptions at Shanwick driven by its growing customer base.This segment's Adjusted EBITDA* for the quarter ended December 31, 2024, represented a loss of
$2.5 million in the quarter, an increase of$1.1 million when compared to the prior year's comparable quarter. The increase in Adjusted EBITDA* loss was primarily driven by higher health insurance claims.
Contrail Celebrates 25 Years of Excellence in Commercial Aircraft Trading & Leasing
Acquired by Air T in July 2016, Contrail has been a key player in commercial aircraft trading, leasing, and parts solutions since its founding in 2000. As a core part of Air T's commercial jet engines and parts segment, Contrail specializes in the acquisition of commercial aircraft, jet engines, and components for sale, trading, leasing, and disassembly/overhaul. Over the past eight years as part of Air T, Contrail has demonstrated consistent revenue growth, portfolio expansion, and strong earnings contributions to the Company's overall performance.
Contrail's works primarily with CFM International CFM56-3/-5/-7 and International Aero Engines V2500A5 engines, which power the Boeing 737 Classic / 737 NG and the Airbus A320 family, two of the most widely operated narrow-body aircraft in commercial aviation today.
Financial Highlights:
Revenue Growth: Contrail's revenue has grown at a compound annual growth rate (CAGR) of
42.27% since fiscal year 2017 through fiscal year 2024.
The table below presents Contrail's operating revenue from fiscal year 2017 through fiscal year 2024, and for the nine months ended December 31, 2023 and 2024, respectively, in thousands:
Year ended March 31, |
| Nine Months Ended December 31, | |||||||||||||||||||||||||||
2017 |
| 2018 |
| 2019 |
| 2020 |
| 2021 |
| 2022 |
| 2023 |
| 2024 |
| 2023 |
|
| 2024 | ||||||||||
$ | 6,226 |
| $ | 20,397 |
| $ | 65,456 |
| $ | 74,141 |
| $ | 31,499 |
| $ | 32,639 |
| $ | 63,582 |
| $ | 73,469 |
| $ | 51,188 |
|
| $ | 57,188 |
Profitability: While Contrail faced significant challenges due to COVID-19 shutdowns in fiscal year 2021, they have delivered profitable growth over time, contributing
$10.7 million in Operating Income in the most recent nine months ended December 31, 2024.
The table below outlines Contrail's operating income (loss) from fiscal year 2017 through fiscal year 2024, and for the nine months ended December 31, 2023 and 2024, respectively, in thousands:
Year ended March 31, |
| Nine Months Ended December 31, | |||||||||||||||||||||||||||||
2017 |
| 2018 |
| 2019 |
| 2020 |
| 2021 |
|
| 2022 |
| 2023 |
|
| 2024 |
| 2023 |
|
| 2024 | ||||||||||
$ | 649 |
| $ | 1,588 |
| $ | 10,510 |
| $ | 9,169 |
| $ | (3,063 | ) |
| $ | 5,437 |
| $ | (783 | ) |
| $ | 6,142 |
| $ | 2,537 |
|
| $ | 10,669 |
Contrail is part of the Company's Commercial Jet Engines and Parts segment. The table below reconciles Contrail's operating revenue and operating income (loss) from the tables above to the total revenue and operating income (loss) of the Commercial Jet Engines and Parts segment, as reported in our 10-Qs and 10-Ks for the respective periods (in thousands):
| Revenue | Operating income (loss) | ||||
Period | Contrail | Other Subsidiaries | Segment total | Contrail | Other Subsidiaries | Segment total |
Year ended March 31, 2017 | ||||||
Year ended March 31, 2018 | 20,397 | 16,366 | 36,763 | 1,588 | 415 | 2,003 |
Year ended March 31, 2019 | 65,456 | 34,626 | 100,082 | 10,510 | 1,099 | 11,609 |
Year ended March 31, 2020 | 74,141 | 30,428 | 104,569 | 9,169 | (1,192) | 7,977 |
Year ended March 31, 2021 | 31,499 | 15,294 | 46,793 | (3,063) | (7,819) | (10,882) |
Year ended March 31, 2022 | 32,639 | 25,050 | 57,689 | 5,437 | (1,818) | 3,619 |
Year ended March 31, 2023 | 63,582 | 38,155 | 101,737 | (783) | (174) | (957) |
Year ended March 31, 2024 | 73,469 | 52,066 | 125,535 | 6,142 | (1,973) | 4,169 |
Nine months ended December 31, 2023 | 51,188 | 39,275 | 90,463 | 2,537 | (535) | 2,002 |
Nine months ended December 31, 2024 | 57,188 | 34,677 | 91,865 | 10,669 | (3,280) | 7,389 |
The financial information of Contrail is presented as is, and the Company disclaims any obligation to update in future periods.
Non-GAAP Financial Measures
The Company uses adjusted earnings before taxes, interest, and depreciation and amortization ("Adjusted EBITDA"), a non-GAAP financial measure as defined by the SEC, to evaluate the Company's financial performance. This performance measure is not defined by accounting principles generally accepted in the United States and should be considered in addition to, and not in lieu of, GAAP financial measures.
Management believes that Adjusted EBITDA is a useful measure of the Company's performance because it provides investors additional information about the Company's operations allowing better evaluation of underlying business performance and better period-to-period comparability. Adjusted EBITDA is not intended to replace or be an alternative to operating income, the most directly comparable amounts reported under GAAP.
The table below provides a reconciliation of operating income to Adjusted EBITDA for the periods ended December 31, 2024, and 2023 (in thousands):
| Three months ended |
|
| Nine months ended |
| |||||||||||
| 12/31/2024 |
|
| 12/31/2023 |
|
| 12/31/2024 |
|
| 12/31/2023 |
| |||||
Operating income (loss) |
| $ | 1,816 |
|
| $ | (1,608 | ) |
| $ | 5,137 |
|
| $ | (189 | ) |
Depreciation and amortization (excluding leased assets depreciation) |
|
| 552 |
|
|
| 699 |
|
|
| 2,262 |
|
|
| 2,088 |
|
Asset impairment, restructuring or impairment charges |
|
| 274 |
|
|
| 321 |
|
|
| 776 |
|
|
| 326 |
|
Gain on sale of property and equipment |
|
| - |
|
|
| 1 |
|
|
| (8 | ) |
|
| (7 | ) |
TruPs issuance expenses |
|
| 19 |
|
|
| 185 |
|
|
| 147 |
|
|
| 277 |
|
Share-based compensation |
|
| 31 |
|
|
| 79 |
|
|
| 48 |
|
|
| 236 |
|
Severance expenses |
|
| - |
|
|
| 212 |
|
|
| 217 |
|
|
| 214 |
|
Adjusted EBITDA |
| $ | 2,692 |
|
| $ | (111 | ) |
| $ | 8,579 |
|
| $ | 2,945 |
|
The following table shows the Company's Adjusted EBITDA by segment for the periods ended December 31, 2024, and 2023 (in thousands):
| Three months ended |
|
| Nine months ended |
| |||||||||||
| 12/31/2024 |
|
| 12/31/2023 |
|
| 12/31/2024 |
|
| 12/31/2023 |
| |||||
Overnight Air Cargo |
| $ | 1,981 |
|
| $ | 1,902 |
|
| $ | 5,878 |
|
| $ | 6,044 |
|
Ground Equipment Sales |
|
| 223 |
|
|
| (485 | ) |
|
| 225 |
|
|
| (512 | ) |
Commercial Jet Engines and Parts |
|
| 2,948 |
|
|
| (121 | ) |
|
| 8,753 |
|
|
| 2,888 |
|
Corporate and Other |
|
| (2,460 | ) |
|
| (1,407 | ) |
|
| (6,277 | ) |
|
| (5,475 | ) |
Adjusted EBITDA |
| $ | 2,692 |
|
| $ | (111 | ) |
| $ | 8,579 |
|
| $ | 2,945 |
|
NOTE REGARDING STAKEHOLDER QUESTIONS
If you have questions related to this release or other Air T matters, please use our interactive Q&A capability, through Slido.com, accessible from our website, to submit your questions. We intend to keep that link open and available for shareholder questions. Questions submitted through Slido will be answered "live" and in writing at our Annual Meeting, and via a written response on a quarterly basis. Note that legal and pragmatic requirements restrict us from answering every question posted, yet we intend to address all reasonable and relevant questions with a written answer.
ABOUT AIR T, INC.
Established in 1980, Air T Inc. is a portfolio of powerful businesses and financial assets, each of which is independent yet interrelated. Its core segments are overnight air cargo, aviation ground support equipment manufacturing and sales, commercial jet engines and parts, and corporate and other. We seek to expand, strengthen and diversify Air T's after-tax cash flow per share. Our goal is to build Air T's core businesses, and when appropriate, to expand into adjacent and other industries. We seek to activate growth and overcome challenges while delivering meaningful value for all stakeholders. For more information, visit www.airt.net. The information on our website is available for information purposes only and is not incorporated by reference into this press release.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release, including those contained in "Overview," are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the Company's financial condition, results of operations, plans, objectives, future performance and business. Forward-looking statements include those preceded by, followed by or that include the words "believes", "pending", "future", "expects," "anticipates," "estimates," "depends" or similar expressions. These forward-looking statements involve risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements, because of, among other things, potential risks and uncertainties, such as:
An inability to finance our operations through bank or other financing or through the sale of issuance of debt or equity securities;
Economic and industry conditions in the Company's markets;
The risk that contracts with FedEx could be terminated or adversely modified;
The risk that the number of aircraft operated for FedEx will be reduced;
The risk that GGS customers will defer or reduce significant orders for deicing equipment;
The impact of any terrorist activities on United States soil or abroad;
The Company's ability to manage its cost structure for operating expenses, or unanticipated capital requirements, and match them to shifting customer service requirements and production volume levels;
The Company's ability to meet debt service covenants and to refinance existing debt obligations;
The risk of injury or other damage arising from accidents involving the Company's overnight air cargo operations, equipment or parts sold and/or services provided;
Market acceptance of the Company's commercial and military equipment and services;
Competition from other providers of similar equipment and services;
Changes in government regulation and technology;
Changes in the value of marketable securities held as investments;
Mild winter weather conditions reducing the demand for deicing equipment;
Market acceptance and operational success of the Company's commercial jet engines and parts segment or its aircraft asset management business and related aircraft capital joint venture; and
Despite our current indebtedness levels, we and our subsidiaries may still be able to incur substantially more debt, which could further exacerbate the risks associated with our substantial leverage.
A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. We are under no obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT
Tracy Kennedy
Chief Financial Officer
tkennedy@airt.net
704-264-5102
SOURCE: Air T, Inc.
View the original press release on ACCESS Newswire
FAQ
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