Note 8 - Segment Information

9 Months Ended

Dec. 31, 2011

Segment Reporting Disclosure [Text Block]

8.  Segment Information

The Company operates in three business segments.  The overnight air cargo segment, comprised of its Mountain Air Cargo, Inc. (“MAC”) and CSA Air, Inc. (“CSA”) subsidiaries, operates in the air express delivery services industry.  The ground equipment sales segment, comprised of its Global Ground Support, LLC (“GGS”) subsidiary, manufactures and provides mobile deicers and other specialized equipment products to passenger and cargo airlines, airports, the U.S. military and industrial customers.  The ground support services segment, comprised of its Global Aviation Services, LLC (“GAS”) subsidiary, provides ground support equipment maintenance and facilities maintenance services to domestic airlines and aviation service providers.  Each business segment has separate management teams and infrastructures that offer different products and services.  The Company evaluates the performance of its operating segments based on operating income.

Segment data is summarized as follows:

	Three Months Ended December 31,						Nine Months Ended December 31,
	2011			2010			2011			2010
Operating Revenues:
Overnight Air Cargo	$	12,062,070		$	10,718,997		$	35,228,575		$	29,963,524
Ground Equipment Sales:
Domestic		8,199,056			6,291,824			20,351,838			11,796,050
International		2,741,298			3,744,549			5,933,542			9,184,136
Total Ground Equipment Sales		10,940,354			10,036,373			26,285,380			20,980,186
Ground Support Services		2,647,621			1,558,320			6,158,505			6,564,539
Total	$	25,650,045		$	22,313,690		$	67,672,460		$	57,508,249
Operating Income (Loss):
Overnight Air Cargo	$	830,631		$	777,379		$	2,744,009		$	2,173,436
Ground Equipment Sales		160,615			581,060			68,201			780,348
Ground Support Services		335,982			62,223			530,388			593,262
Corporate		(425,924	)		(501,862	)		(1,272,363	)		(1,401,509	)
Total	$	901,304		$	918,800		$	2,070,235		$	2,145,537
Capital Expenditures:
Overnight Air Cargo	$	90,519		$	7,650		$	520,636		$	31,804
Ground Equipment Sales		13,730			37,457			36,320			53,149
Ground Support Services		32,590			41,850			183,492			74,490
Corporate		7,224			2,369			9,324			13,894
Total	$	144,063		$	89,326		$	749,772		$	173,337
Depreciation and Amortization:
Overnight Air Cargo	$	23,289		$	49,995		$	51,779		$	147,556
Ground Equipment Sales		12,843			6,029			33,251			17,266
Ground Support Services		26,950			18,746			77,760			73,700
Corporate		11,910			11,559			28,913			35,390
Total	$	74,992		$	86,329		$	191,703		$	273,912