Air T Inc. operates in two industry segments, providing air cargo services to the air express delivery industry through its wholly owned subsidiaries, Mountain Air Cargo, Inc. ("MAC") & CSA Air, Inc. ("CSA"), and aviation ground support and other specialized industrial equipment products and services through its wholly owned subsidiaries, Global Ground Support, LLC ("Global") & Global Aviation Services, LLC ("GAS"). MAC & CSA provide small package overnight air freight delivery services on a contract basis throughout the eastern half of the United States, Puerto Rico and the Caribbean. MAC & CSA operate approximately 90 aircraft under agreements with Federal Express. MAC and CSA operate under separate aviation certifications. MAC is certified to operate under Part 121 & Part 135 of the regulations of the Federal Aviation Administration . This certification permits MAC to operate aircraft that can carry up to 18,000 pounds of cargo. MAC's principal office, and AirT's Corporate headquarters are located at Little Mountain Airport in Maiden, NC, while its Part 121 & Part 135 maintenance facility is located at the Global TransPark in Kinston, NC. We operate more than 60 aircraft, and are presently flying more than 100 flights per day, and carrying an average of 5 to 6 million pounds of cargo per month. We have pilots and mechanics based in approximately 35 cities.

Type
Public
HQ
Maiden, US
Founded
1977
Size (employees)
576 (est)
Website
airt.net
Air T was founded in 1977 and is headquartered in Maiden, US

Air T Office Locations

Air T has an office in Maiden
Maiden, US (HQ)
3524 Airport Rd

Air T Data and Metrics

Air T Financial Metrics

Air T's revenue was reported to be $35.8 m in Q3, 2016
USD

Revenue (Q3, 2016)

35.8 m

Net income (Q3, 2016)

(5.2 m)

EBIT (Q3, 2016)

1.6 m

Market capitalization (17-Aug-2017)

33.6 m

Cash (31-Dec-2016)

1.6 m
Air T's current market capitalization is $33.6 m.
USDFY, 2014FY, 2015FY, 2016

Revenue

100.8 m112.2 m148.2 m

Revenue growth, %

11%32%

R&D expense

777.9 k

General and administrative expense

18.1 m

Operating expense total

98.1 m108.8 m142.2 m

EBIT

2.6 m3.4 m6 m

EBIT margin, %

3%3%4%

Pre tax profit

6.2 m

Income tax expense

2.4 m

Net Income

1.5 m2.5 m3.8 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

21.8 m34.6 m30.9 m17.4 m18.7 m16.6 m17.2 m35.8 m

R&D expense

216 k511 k239.9 k107.6 k

General and administrative expense

3.2 m3.7 m3.7 m3.8 m3.7 m4.6 m5.8 m5.1 m5 m

Operating expense total

3.2 m3.7 m3.7 m3.8 m3.7 m4.8 m6.3 m5.4 m5.1 m

EBIT

98.8 k2.6 m2.1 m236.4 k1.7 m1.4 m(7.1 m)1 m1.6 m

EBIT margin, %

0%7%7%10%8%(43%)6%5%

Pre tax profit

110.8 k2.6 m2.1 m(1.1 m)5.5 m3.9 m(8.4 m)1.5 m1.8 m

Income tax expense

38 k766.2 k690.6 k(333 k)1.7 m1.5 m(372 k)375 k149 k

Net Income

72.8 k1.8 m1.4 m(736 k)3.8 m2.4 m(8 m)1.1 m(5.2 m)
USDFY, 2014FY, 2015FY, 2016

Cash

3.8 m14.2 m5.3 m

Accounts Receivable

378 k

Inventories

12.2 m7.8 m12.3 m

Current Assets

31.2 m38.7 m39 m

PP&E

4 m2.6 m4.6 m

Goodwill

275.4 k

Total Assets

37.2 m43.5 m52.2 m

Accounts Payable

6.4 m4.7 m7 m

Total Debt

4.8 k

Current Liabilities

9 m8.2 m15.7 m

Additional Paid-in Capital

4.9 m4.9 m4.9 m

Retained Earnings

21.9 m24.4 m29.4 m

Total Equity

27.4 m29.8 m35.3 m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

1.4 x1.5 x1.5 x
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

3.5 m209.2 k8.8 m8.4 m4.2 m5.3 m4 m2.2 m1.6 m

Inventories

15 m8.9 m8 m11.5 m9.9 m11.6 m15.2 m17.7 m20.9 m

Current Assets

32.3 m32.7 m37.5 m33.8 m35.9 m38.1 m39.5 m49.7 m46 m

PP&E

3 m4.1 m2.8 m2.6 m3.8 m4.5 m4.8 m4.9 m5.2 m

Goodwill

4 m4.2 m

Total Assets

38.1 m39.4 m42.5 m43.1 m46.1 m49.8 m50.4 m65.9 m62 m

Accounts Payable

6.4 m5.6 m6.4 m5.4 m7.7 m5.6 m8.9 m10.4 m9.1 m

Current Liabilities

9 m8.1 m10.6 m8.9 m12 m12.2 m19.1 m20.1 m16.9 m

Additional Paid-in Capital

4.8 m4.8 m4.9 m4.9 m4.9 m4.9 m4.9 m4.3 m4.3 m

Retained Earnings

22 m23.8 m25.3 m23.7 m27.5 m30.4 m25.7 m19.6 m20.5 m

Total Equity

27.3 m29.1 m31.1 m28.8 m32.3 m37.1 m27.4 m20.6 m22.1 m

Financial Leverage

1.4 x1.4 x1.4 x1.5 x1.4 x1.3 x1.8 x3.2 x2.8 x
USDFY, 2014FY, 2015FY, 2016

Net Income

1.5 m2.5 m3.8 m

Depreciation and Amortization

752.4 k856.9 k1.3 m

Accounts Receivable

1.4 m640.9 k(1.5 m)

Inventories

(4 m)4.9 m(878 k)

Accounts Payable

684.7 k(1.7 m)605.9 k

Cash From Operating Activities

(554.6 k)8 m3.2 m

Capital Expenditures

(1.3 m)(1.9 m)200.6 k

Cash From Investing Activities

(2.7 m)(2.6 m)(5.3 m)

Cash From Financing Activities

(2.2 m)5 m

Interest Paid

6 k19 k47.1 k

Income Taxes Paid

755 k737 k2.8 m

Free Cash Flow

728.6 k9.9 m3 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

72.8 k1.8 m1.4 m(736 k)3.8 m2.4 m(8 m)1.1 m(5.2 m)

Depreciation and Amortization

216.5 k222.6 k221.7 k34.5 k34.6 k37.1 k

Accounts Receivable

(1.4 m)

Inventories

11.5 m9.9 m11.6 m(8.6 m)

Accounts Payable

5.4 m7.7 m5.6 m8.9 m10.4 m1.6 m

Cash From Operating Activities

(10.7 m)

Capital Expenditures

(1.5 m)

Cash From Investing Activities

(2.8 m)

Cash From Financing Activities

9.7 m

Interest Paid

158.1 k

Income Taxes Paid

38 k766.2 k690.6 k1 m

Free Cash Flow

(12.2 m)
Y, 2016

Financial Leverage

2.8 x

Air T Market Value History

Traffic Overview of Air T

Air T Online and Social Media Presence

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