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Air T
Air T (AIRT) investor relations material
Air T Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary13 Feb, 2026
Executive summary
Revenue for the quarter ended December 31, 2025, was $71.1 million, down 8.7%–9% year-over-year, driven by a sharp decline in commercial aircraft, engines, and parts sales, partially offset by growth in ground support equipment and digital solutions.
Net loss attributable to stockholders was $2.5 million for the quarter, compared to a net loss of $1.3 million in the prior year period; operating loss was $3.8 million versus prior year operating income of $1.4 million.
Adjusted EBITDA for the quarter was $0.2 million, down from $2.7 million in the prior year.
The acquisition of Rex Regional Airlines in December 2025 marked entry into the Australian regional airline market, expanding the company’s international footprint but introducing integration and regulatory risks.
EPS was $(0.91), compared to $(0.47) in the same quarter last year.
Financial highlights
Quarterly revenue declined to $71.1 million from $77.9 million year-over-year; nine-month revenue was $206.2 million, down from $225.5 million.
Operating loss for the quarter was $3.8 million, a $5.2 million decline from prior year.
Nine-month net income attributable to stockholders was $0.3 million ($0.10 per share), down from $0.9 million ($0.32 per share) year-over-year.
Adjusted EBITDA for the quarter was $0.2 million, down from $2.7 million in the prior year; nine-month Adjusted EBITDA was $9.5 million, up from $8.6 million.
Operating cash flow for the nine months was negative $25.0 million, compared to positive $19.4 million in the prior year, mainly due to inventory build and changes in working capital.
Outlook and guidance
Management expects the integration of Rex to require significant attention and resources, with anticipated additional costs and complexity.
The company believes it has sufficient liquidity to meet obligations for at least the next 12 months, supported by $42.2 million in cash and $53.6 million in available credit as of December 31, 2025.
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Next Air T earnings date
Q4 202626 Jun, 2026
Air T
Next Air T earnings date
Q4 202626 Jun, 2026
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Frequently asked questions
Air T, Inc. is a diversified holding company engaged in providing air cargo services, ground support equipment manufacturing, and aviation-related services. The company's business operations are organized into distinct segments, including overnight air cargo, aviation ground support equipment manufacturing, and commercial aircraft and engines trading. Air T's subsidiaries offer a wide range of services, such as aircraft maintenance, repair, and operations, as well as leasing and parts sales. The company serves various industries, including aviation, logistics, and manufacturing. Air T, Inc. is headquartered in Denver, North Carolina, and its shares are listed on the NASDAQ.
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