Net Loss Per Share

3 Months Ended

Jun. 30, 2025

Basic loss per share has been calculated by dividing net loss attributable to Air T, Inc. stockholders by the weighted average number of common shares outstanding during each period. For purposes of calculating diluted loss per share, shares issuable under stock options were considered potential common shares and were included in the weighted average common shares unless they were anti-dilutive.

As of June 30, 2025, of the 199,000 options outstanding under the Air T's 2020 Omnibus Stock and Incentive Plan, none were exercisable.

The computation of basic and diluted loss per common share is as follows (in thousands, except for per share figures):


	Three Months Ended June 30,
	2025		2024
Net (loss) income	$	(671)	$	32
Net income attributable to non-controlling interests	(965)		(367)
Net loss attributable to Air T, Inc. Stockholders	$	(1,636)	$	(335)
Loss per share:
Basic	$	(0.61)	$	(0.12)
Diluted	$	(0.61)	$	(0.12)
Antidilutive shares excluded from computation of loss per share	—		—

Weighted Average Shares Outstanding:
Basic	2,703		2,761
Diluted	2,703		2,761