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Condensed Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Overnight Air Cargo [Member]        
Operating Revenues $ 17,151,214 $ 17,385,753 $ 33,788,379 $ 30,274,943
Ground Equipment Sales [Member]        
Operating Revenues 11,088,877 21,283,140 15,343,065 25,322,377
Ground Support Services [Member]        
Operating Revenues 7,038,151 5,985,036 13,838,193 11,415,129
Printing Equipment and Maintenance [Member]        
Operating Revenues 1,727,896 0 4,287,984
Commercial Jet Engines [Member]        
Operating Revenues 1,295,107 1,295,107
Leasing [Member]        
Operating Revenues 221,745 463,515
Operating Revenues 38,522,990 44,653,929 69,016,243 67,012,449
Flight-air cargo 10,023,521 9,399,757 18,998,086 15,773,666
Maintenance-air cargo 5,264,416 5,354,574 10,710,320 10,562,738
Ground equipment sales 8,759,677 15,471,306 12,176,001 18,600,420
Ground support services 5,762,634 5,062,546 11,155,302 9,778,457
Printing equipment and maintenance 1,116,964 0 7,124,731
Commercial jet engines 787,539 787,539
Leasing 49,460 49,460
Research and development 239,922 0 750,882
General and administrative 5,143,446 3,658,187 10,972,392 7,465,115
Depreciation, amortization and impairment 353,672 192,504 2,343,273 371,121
Gain on sale of property and equipment 10,405 5,381
37,501,251 39,149,278 75,067,986 62,556,898
Operating Income (Loss) 1,021,739 5,504,651 (6,051,743) 4,455,551
Non-operating Income (Expense):        
Gain on sale of marketable securities 429,076 572,945
Foreign currency gain, net 33,096 124,886
Other-than-temporary impairment loss on investments (1,502,239)
Other investment income, net 48,269 90,962
Interest expense and other (77,366) (9,690) (141,377) (29,631)
433,075 (9,690) (854,823) (29,631)
Income (Loss) Before Income Taxes 1,454,814 5,494,960 (6,906,566) 4,425,920
Income Taxes 375,000 1,701,000 3,000 1,368,000
Net Income (Loss) 1,079,814 3,793,960 (6,909,566) 3,057,920
Net (Income) Loss Attributable to Non-controlling Interests (11,265) 4,301,813
Net Income (Loss) Attributable to Air T, Inc. Stockholders $ 1,068,549 $ 3,793,960 $ (2,607,753) $ 3,057,920
Earnings (Loss) Per Share:        
Basic (in dollars per share) $ 0.52 $ 1.60 $ (1.18) $ 1.29
Diluted (in dollars per share) $ 0.52 $ 1.58 $ (1.18) $ 1.28
Weighted Average Shares Outstanding:        
Basic (in shares) 2,042,789 2,372,527 2,207,658 2,372,527
Diluted (in shares) 2,047,976 2,397,163 2,207,658 2,396,460