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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Revenues:    
Total $ 55,704,535 $ 60,867,469
Operating Expenses:    
Overnight air cargo 16,518,823 15,174,396
Ground equipment sales 9,730,856 4,937,312
Ground support services 6,963,662 7,805,209
Printing equipment and maintenance 39,047 145,528
Commercial jet engines and parts 8,285,769 20,121,118
General and administrative 10,919,320 8,584,803
Depreciation and amortization 2,026,600 1,485,055
Impairment 6,686 10,346
Loss on sale of property and equipment 2,073 0
Operating Expenses 54,492,836 58,263,767
Operating Income 1,211,699 2,603,702
Non-operating Income (Expense):    
Gain on sale of marketable securities 36,460 0
Foreign currency gain (loss), net 35,755 (2,182)
Other-than-temporary impairment loss on investments (814,558) 0
Other investment income (loss), net 162,957 (315,507)
Interest expense (1,023,622) (707,199)
Unrealized gain on interest rate swap 0 97,337
Gain on settlement of bankruptcy 4,509,302 0
Bargain purchase acquisition gain 34,244 1,983,777
Income (loss) from equity method investments (320,578) 9,183
Nonoperating Income (Expense) 2,619,960 1,065,409
Income Before Income Taxes 3,831,659 3,669,111
Income Tax Expense (Benefit) (324,000) 387,000
Net Income 4,155,659 3,282,111
Net (Income) Loss Attributable to Non-controlling Interests (2,373,307) (453,417)
Net Income Attributable to Air T, Inc. Stockholders $ 1,782,352 $ 2,828,694
Income Per Share:    
Basic (in dollars per share) $ 0.79 $ 0.92
Diluted (in dollars per share) $ 0.79 $ 0.92
Weighted Average Shares Outstanding:    
Basic (in shares) 2,252,698 3,065,411
Diluted (in shares) 2,256,868 3,074,547
Overnight air cargo    
Operating Revenues:    
Total $ 18,319,682 $ 17,640,658
Ground equipment sales    
Operating Revenues:    
Total 12,248,891 6,384,781
Ground support services    
Operating Revenues:    
Total 8,516,800 9,047,640
Printing equipment and maintenance    
Operating Revenues:    
Total 64,270 298,823
Commercial jet engines and parts    
Operating Revenues:    
Total 16,326,905 27,320,175
Corporate and other    
Operating Revenues:    
Total $ 227,987 $ 175,392