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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Overnight Air Cargo [Member]        
Operating Revenues $ 18,674,458 $ 12,973,810 $ 48,949,401 $ 36,626,144
Depreciation and amortization 37,068 39,371 106,161 118,411
Operating Income 1,413,667 602,776 3,394,326 1,425,692
Ground Equipment Sales [Member]        
Operating Revenues 20,344,287 12,639,354 45,666,664 35,902,468
Depreciation and amortization 165,401 135,585 364,465 393,767
Operating Income 3,874,921 1,704,445 8,013,932 4,448,349
Ground Support Services [Member]        
Operating Revenues 6,559,110 5,279,822 17,974,239 14,767,637
Depreciation and amortization 60,993 40,645 149,560 126,540
Operating Income 25,829 $ 262,099 (392,002) $ 574,212
Printing Equipment and Maintenance [Member]        
Operating Revenues 1,035,000 1,035,000
Depreciation and amortization 17,000 17,000
Operating Income (883,000) (883,000)
Leasing [Member]        
Operating Revenues 5,718 5,718
Depreciation and amortization 2,195 2,195
Operating Income 1,378 1,378
Operating Revenues 46,618,573 $ 30,892,986 113,631,022 $ 87,296,249
Flight-air cargo 9,823,987 5,641,402 25,597,653 15,943,068
Maintenance-air cargo 6,499,073 6,174,155 17,061,811 16,684,148
Ground equipment sales 14,629,183 9,474,732 33,229,603 27,429,825
Ground support services 5,358,593 $ 4,366,863 15,137,050 $ 12,160,830
Printing equipment and maintenance 1,376,000 1,376,000
Research and development 216,000 216,000
General and administrative 4,585,364 $ 3,654,280 12,050,479 $ 10,636,068
Depreciation and amortization 296,474 221,654 667,595 660,825
Gain on sale of property and equipment (56,218) (780,920) (50,837) (1,054,781)
42,728,456 28,752,166 105,285,354 82,459,983
Operating Income 3,890,117 2,140,820 8,345,668 4,836,266
Non-operating Income (Expense):        
Realized gain $ 4,163 78 $ 4,163 8,487
Investment income 970 8,698
Interest expense and other $ 50,920 (2,798) $ 21,289 (19,079)
55,083 (1,750) 25,452 (1,894)
Income Before Income Taxes 3,945,200 2,139,070 8,371,120 4,834,372
Income Taxes 1,499,000 690,617 2,867,000 1,494,821
Net Income 2,446,200 $ 1,448,453 5,504,120 $ 3,339,551
Net Loss Attributable to the Non-controlling Interest 525,140 525,140
Net Income Attributable to Air T, Inc. Stockholders $ 2,971,340 $ 1,448,453 $ 6,029,260 $ 3,339,551
Earnings Per Share:        
Basic (in dollars per share) $ 1.25 $ 0.61 $ 2.54 $ 1.42
Diluted (in dollars per share) $ 1.24 $ 0.61 $ 2.52 $ 1.41
Weighted Average Shares Outstanding:        
Basic (in shares) 2,372,527 2,357,637 2,372,527 2,355,901
Diluted (in shares) 2,396,999 2,381,214 2,396,645 2,373,500