QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Mar. 31, 2023

Quarterly Financial Data [Abstract]

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

(in thousands, except per share data)

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2023
Operating Revenues	$	50,862	$	60,688	$	61,396	$	74,377
Operating (Loss) Income, net of tax	(802)		(1,336)		108		(9,755)
Less: (Income) Loss attributable to non-controlling interests	(631)		104		(698)		715
Loss attributable to Air T, Inc. Stockholders	(1,433)		(1,232)		(590)		(9,040)
Basic Loss per share	$	(0.50)	$	(0.43)	$	(0.21)	$	(3.15)
Diluted Loss per share	$	(0.50)	$	(0.43)	$	(0.21)	$	(3.15)
Antidilutive shares excluded from computation of income (loss) per share	7		4		5		5
2022
Operating Revenues	36,968		43,238		45,433		51,438
Operating Income (Loss), net of tax	327		8,003		(1,189)		5,086
Less: Income attributable to non-controlling interests	(38)		(448)		(73)		(740)
Income (Loss) attributable to Air T, Inc. Stockholders	289		7,555		(1,262)		4,346
Basic Income (Loss) per share	$	0.10	$	2.62	$	(0.44)	$	1.51
Diluted Income (Loss) per share	$	0.10	$	2.60	$	(0.44)	$	1.51
Antidilutive shares excluded from computation of income (loss) per share	—		—		11		—