Air T, Inc. (AIRT) reported a revenue of $291.9 million for the fiscal year ending March 31, 2025, marking a 1.7% increase from the previous year’s $286.8 million. Operating income surged 50.9% to $1.9 million, while adjusted EBITDA also climbed to $7.4 million, representing an 18.9% increase. Although the company experienced a net loss per share of $2.23, this reflects an improvement from $2.42 in the prior fiscal year.
AIRT’s Segment Performance
The Overnight Air Cargo segment saw revenues rise 7.3% to $124 million, while the Ground Support Equipment segment increased revenues by 4.8% to $38.9 million. Conversely, the Commercial Aircraft, Engines and Parts segment’s revenue declined 5.8% to $118.2 million, but adjusted EBITDA significantly improved by 60.7% to $9.8 million. Digital Solutions grew revenues by 25.7% to $7.3 million, yet recorded a loss.
In terms of financial metrics, AIRT’s adjusted EBITDA margin improved to 2.5% in fiscal 2025 from 2.2% a year earlier. Additionally, revenues from FedEx dry-lease arrangements made up 39% of total consolidated revenues in fiscal 2025, up from 36% previously. The company continues to make strategic investments and expand its operations while managing its capital structure.
