Note 7 - Segment Information

3 Months Ended

Jun. 30, 2012

Segment Reporting Disclosure [Text Block]

7.        Segment Information

The Company operates in three business segments.  The overnight air cargo segment, comprised of the Company’s 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 the Company’s 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 the Company’s 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 June 30,
	2012			2011
Operating Revenues:
Overnight Air Cargo	$	10,733,726		$	10,826,899
Ground Equipment Sales:
Domestic		9,164,417			2,280,460
International		1,579,144			1,890,018
Total Ground Equipment Sales		10,743,561			4,170,478
Ground Support Services		3,010,878			1,564,120
Total	$	24,488,165		$	16,561,497
Operating Income (Loss):
Overnight Air Cargo	$	754,841		$	932,307
Ground Equipment Sales		252,350			(310,856	)
Ground Support Services		222,420			38,665
Corporate		(575,941	)		(409,124	)
Total	$	653,670		$	250,992
Capital Expenditures:
Overnight Air Cargo	$	32,902		$	372,836
Ground Equipment Sales		58,370			3,071
Ground Support Services		-			19,500
Corporate		39,222			-
Total	$	130,494		$	395,407
Depreciation and Amortization:
Overnight Air Cargo	$	37,446		$	14,283
Ground Equipment Sales		16,559			9,969
Ground Support Services		33,452			19,638
Corporate		16,550			10,026
Total	$	104,007		$	53,916