OverviewSuggest Edit

Air T Inc. operates in two industry segments, providing air cargo services to the air express delivery industry. The Company operates wholly owned subsidiaries in three core industry segments: overnight air cargo, comprised of Mountain Air Cargo, Inc. and CSA Air subsidiaries, which operates in the air express delivery services industry; ground equipment sales, comprised of Global Ground Support (GGS) subsidiary, which manufactures and provides mobile deicers and other specialized equipment products to passenger and cargo airlines, airports, the military and industrial customers; and ground support services, comprised of our Global Aviation Services (GAS) subsidiary, which provides ground support equipment maintenance and facilities maintenance services to domestic airlines and aviation service providers.

TypePublic
Founded1980
HQMinneapolis, US
Websiteairt.net
Employee Ratings4.2

Latest Updates

Employees (est.) (Mar 2019)769
Revenue (FY, 2019)$249.8 M(+29%)
Share Price (Sept 2020)$10.7 (+2%)
Cybersecurity ratingAMore

Air T Office Locations

Air T has offices in Minneapolis and Denver
Minneapolis, US (HQ)
5000 W 36th St #130
Denver, US
5930 Balsom Ridge Road
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Air T Financials and Metrics

Air T Revenue

Air T's revenue was reported to be $249.83 m in FY, 2019
USD

Revenue (Q3, 2020)

18.7m

Market capitalization (15-Sept-2020)

30.9m

Closing stock price (15-Sept-2020)

10.7

Cash (31-Dec-2019)

11.5m

EV

118.7m
Air T's current market capitalization is $30.9 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

89.4m103.1m100.8m112.2m148.2m148.5m194.5m249.8m

Revenue growth, %

11%32%

General and administrative expense

11.3m12.5m12.8m14.2m18.1m22.2m29.2m38.4m

R&D expense

777.9k1.0m195.7k
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

16.6m25.5m25.7m24.5m21.2m26.7m29.8m21.8m34.6m30.9m22.4m44.7m46.6m30.5m38.5m35.8m47.7m48.9m44.5m60.9m49.3m63.6m55.7m19.7m18.7m

General and administrative expense

2.5m2.7m2.9m2.9m3.0m3.2m2.8m3.8m3.2m3.7m3.7m3.8m3.7m4.6m5.8m5.1m5.0m6.6m7.3m7.3m8.6m9.1m10.4m10.9m

R&D expense

216.0k511.0k239.9k107.6k195.7k

Operating expense total

2.5m2.7m2.9m2.9m3.0m3.2m2.8m3.8m3.2m3.7m3.7m3.8m3.7m4.8m6.3m5.4m5.1m6.8m7.3m7.3m8.6m9.1m10.4m10.9m
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

5.8m9.2m3.8m14.2m5.3m2.8m4.8m12.5m

Accounts Receivable

9.0m11.7m10.2m9.5m378.0k18.9m15.2m19.1m

Prepaid Expenses

761.0k619.1k845.6k612.3k1.7m1.5m1.9m

Inventories

14.5m8.2m12.2m7.8m12.3m19.8m34.2m30.0m
USDQ1, 2012

Financial Leverage

1.2 x
Show all financial metrics

Air T Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Air T Online and Social Media Presence

Embed Graph

Air T News and Updates

Air T, Inc. Announces Record Date and Proposed Distribution Date for Distribution of Alpha Income Preferred Securities and Warrants to Holders of its Common Stock and 50% Common Stock Dividend

DENVER, N.C., May 29, 2019 (GLOBE NEWSWIRE) -- Air T, Inc. (NASDAQ: AIRT) ("Air T") announced today the record date and proposed distribution date for its issuance and distribution of $4 million in face value of a new 8% fixed income security, Alpha Income Preferred (AIP), pro rata to existing hol…

Air T, Inc. Announces Resignation Of Brett Reynolds, Chief Financial Officer

DENVER, N.C., March 28, 2019 /PRNewswire/ -- AIR T, INC. (NASDAQ:AIRT), a diversified holding company organized as a portfolio of powerful businesses and financial assets that operate independently yet interrelatedly, today announced the resignation of Brett Reynolds, its Chief Financial...

Air T, Inc. Reports Third Quarter Fiscal 2019 Results

DENVER, N.C., Feb. 14, 2019 /PRNewswire/ -- Air T, Inc. (NASDAQ: AIRT) is organized as a portfolio of powerful businesses, each of which is independent yet interrelated. These include overnight air cargo operations; ground support equipment manufacturing; ground support equipment...

Air T, Inc. Reports Second Quarter Fiscal 2019 Results

DENVER, N.C., Nov. 13, 2018 /PRNewswire/ -- Air T, Inc. (NASDAQ: AIRT) is organized as a portfolio of powerful businesses and financial assets, each of which is independent yet interrelated. Today the Company announced results for its fiscal quarter ended September 30, 2018. Fiscal Q2...

Air Traffic Control (ATC) Market Application, Investment Type, and Region Analysis by 2025

QYResearch is a leading market research publisher which pursuits high product quality with the belief that quality is the soul of business and consulting group has accumulated creative design methods on many high-quality m arkets investigation and research team with rich experience. Posted via Indu…

Amplifying Air Traffic to Push Aerospace Coatings Market to Reach US$2.53 bn by 2025 - Transparency Market Research

ALBANY, New York, August 20, 2018 /PRNewswire/ -- The global aerospace coatings market is prognosticated to witness a modest growth in the forthcoming years, as reported by Transparency Market Research (TMR). The market comprises of stiff competitive spirit among the existing vendors, and ...
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Air T Blogs

Air T, Inc. Reports Second Quarter Fiscal 2020 Results

The post Air T, Inc. Reports Second Quarter Fiscal 2020 Results appeared first on AIR T, INC..

Air T, Inc. Announces Record Date, Payment Date and Payment Rate for Distribution on Alpha Income Preferred Securities

The post Air T, Inc. Announces Record Date, Payment Date and Payment Rate for Distribution on Alpha Income Preferred Securities appeared first on AIR T, INC..

PRIMEFLIGHT AVIATION SERVICES ACQUIRES GLOBAL AVIATION SERVICES

The post PRIMEFLIGHT AVIATION SERVICES ACQUIRES GLOBAL AVIATION SERVICES appeared first on AIR T, INC..

Air T, Inc. Announces Record Date, Payment Date and Payment Rate for Initial Distribution on Alpha Income Preferred Securities

The post Air T, Inc. Announces Record Date, Payment Date and Payment Rate for Initial Distribution on Alpha Income Preferred Securities appeared first on AIR T, INC..

AIR T, INC ANNOUNCES FISCAL 2019 EARNINGS

The post AIR T, INC ANNOUNCES FISCAL 2019 EARNINGS appeared first on AIR T, INC..

Air T, Inc. Names Brian Ochocki as CFO

The post Air T, Inc. Names Brian Ochocki as CFO appeared first on AIR T, INC..
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Air T Frequently Asked Questions

  • When was Air T founded?

    Air T was founded in 1980.

  • How many employees does Air T have?

    Air T has 769 employees.

  • What is Air T revenue?

    Latest Air T annual revenue is $249.8 m.

  • What is Air T revenue per employee?

    Latest Air T revenue per employee is $324.9 k.

  • Who are Air T competitors?

    Competitors of Air T include World Cargo Logistics, Marten Transport and Advance Forwarding.

  • Where is Air T headquarters?

    Air T headquarters is located at 5000 W 36th St #130, Minneapolis.

  • Where are Air T offices?

    Air T has offices in Minneapolis and Denver.

  • How many offices does Air T have?

    Air T has 2 offices.