Note 8 - Segment Information

6 Months Ended

Sep. 30, 2015

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

8. 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. The Company evaluates the performance of its operating segments based on operating income.

Segment data is summarized as follows:

 

	Three Months Ended September 30,						Six Months Ended September 30,
	2015			2014			2015			2014
Operating Revenues:
Overnight Air Cargo	$	17,385,753		$	11,971,392		$	30,274,943		$	23,652,334
Ground Equipment Sales:
Domestic		20,163,034			10,159,358			22,141,063			14,633,297
International		1,120,106			7,791,823			3,181,314			8,629,817
Total Ground Equipment Sales		21,283,140			17,951,181			25,322,377			23,263,114
Ground Support Services		5,985,036			4,702,153			11,415,129			9,487,815
Total	$	44,653,929		$	34,624,726		$	67,012,449		$	56,403,263
Operating Income (Loss):
Overnight Air Cargo	$	1,744,224		$	277,629		$	1,980,659		$	822,916
Ground Equipment Sales		4,563,056			2,924,102			4,139,011			2,743,904
Ground Support Services		(195,736	)		90,699			(417,831	)		312,113
Corporate		(606,894	)		(695,808	)		(1,246,288	)		(1,183,487	)
Total	$	5,504,651		$	2,596,622		$	4,455,551		$	2,695,446
Capital Expenditures:
Overnight Air Cargo	$	51,664		$	49,759		$	75,989		$	88,339
Ground Equipment Sales		92,969			1,197,817			218,739			1,349,548
Ground Support Services		139,371			30,631			208,772			115,336
Corporate		9,933			-			9,933			-
Total	$	293,937		$	1,278,207		$	513,433		$	1,553,223
Depreciation and Amortization:
Overnight Air Cargo	$	34,621		$	40,868		$	69,093		$	79,041
Ground Equipment Sales		103,624			132,009			199,064			258,182
Ground Support Services		47,335			42,068			88,567			85,896
Corporate		6,924			7,687			14,397			16,053
Total	$	192,504		$	222,632		$	371,121		$	439,172