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Condensed Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Revenues:    
Operating Revenues $ 47,697,373 $ 30,493,253
Operating Expenses:    
Overnight air cargo 14,562,143 14,420,469
Ground equipment sales 4,754,215 3,416,324
Ground support services 7,418,393 5,392,668
Printing equipment and maintenance 1,501,056 6,007,767
Commercial jet engines and parts 10,069,850
Research and development 195,653 510,960
General and administrative 6,585,759 5,828,946
Depreciation, amortization and impairment 398,827 1,989,601
Gain on sale of property and equipment (1,091)
45,484,805 37,566,735
Operating Income (Loss) 2,212,568 (7,073,482)
Non-operating Income (Expense):    
Gain on sale of marketable securities 143,869
Foreign currency gain (loss), net (188,624) 91,790
Other-than-temporary impairment loss on investments (771,173) (1,502,239)
Other investment income, net 30,651 42,693
Interest expense and other (149,519) (64,011)
Bargain purchase acquisition gain, net of tax 501,880
Equity in loss of associated company (31,903)
(608,688) (1,287,898)
Income (Loss) Before Income Taxes 1,603,880 (8,361,380)
Income Taxes 374,000 (372,000)
Net Income (Loss) 1,229,880 (7,989,380)
Net (Income) Loss Attributable to Non-controlling Interests (261,491) 2,237,909
Net Income (Loss) Attributable to Air T, Inc. Stockholders $ 968,389 $ (5,751,471)
Income (Loss) Per Share:    
Basic (in dollars per share) $ 0.47 $ (2.42)
Diluted (in dollars per share) $ 0.47 $ (2.42)
Weighted Average Shares Outstanding:    
Basic (in shares) 2,042,789 2,372,527
Diluted (in shares) 2,047,623 2,372,527
Overnight Air Cargo [Member]    
Operating Revenues:    
Operating Revenues $ 16,742,175 $ 16,637,165
Ground Equipment Sales [Member]    
Operating Revenues:    
Operating Revenues 5,949,656 4,254,188
Ground Support Services [Member]    
Operating Revenues:    
Operating Revenues 9,113,073 6,800,042
Printing Equipment and Maintenance [Member]    
Operating Revenues:    
Operating Revenues 3,131,381 2,560,088
Commercial Jet Engines Inventory [Member]    
Operating Revenues:    
Operating Revenues 12,725,341
Leasing [Member]    
Operating Revenues:    
Operating Revenues $ 35,747 $ 241,770