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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Revenues:    
Revenue $ 70,870,000 $ 66,411,000
Operating Expenses:    
General and administrative 15,031,000 14,612,000
Depreciation and amortization 1,284,000 760,000
Operating expenses 70,424,000 66,988,000
Operating Income (Loss) 446,000 (577,000)
Non-operating (Expense) Income:    
Interest expense (2,314,000) (1,946,000)
(Loss) Income from equity method investments (19,000) 1,923,000
Earnout remeasurement income 402,000 20,000
Other 678,000 683,000
Nonoperating income (expense) (1,253,000) 680,000
(Loss) Income before income taxes (807,000) 103,000
Income Tax (Benefit) Expense (136,000) 71,000.0
Net (Loss) Income (671,000) 32,000
Net Income Attributable to Non-controlling Interests (965,000) (367,000)
Net Loss Attributable to Air T, Inc. Stockholders $ (1,636,000) $ (335,000)
Loss per share (Note 6)    
Basic (in dollars per share) $ (0.61) $ (0.12)
Diluted (in dollars per share) $ (0.61) $ (0.12)
Weighted Average Shares Outstanding:    
Basic (in shares) 2,703 2,761
Diluted (in shares) 2,703 2,761
Overnight air cargo    
Operating Revenues:    
Revenue $ 30,589,000 $ 30,383,000
Operating Expenses:    
Cost of revenue 25,899,000 25,709,000
Ground support equipment    
Operating Revenues:    
Revenue 15,070,000 7,354,000
Operating Expenses:    
Cost of revenue 12,303,000 6,533,000
Commercial aircraft, engines and parts    
Operating Revenues:    
Revenue 21,960,000 26,250,000
Operating Expenses:    
Cost of revenue 14,656,000 18,533,000
Digital solutions    
Operating Revenues:    
Revenue 2,096,000 1,678,000
Operating Expenses:    
Cost of revenue 836,000 556,000
Corporate and other    
Operating Revenues:    
Revenue 1,155,000 746,000
Operating Expenses:    
Cost of revenue $ 415,000 $ 285,000