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.

Maiden, US
Size (employees)
576 (est)
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 Metrics

Air T Financial Metrics

Revenue (2016)

$148.2 m

Revenue growth (2015-16), %


Net income (2016)

$3.8 m

Market capitalization (27-Apr-2017)

$38.5 m

Closing share price (27-Apr-2017)


Cash (31-Mar-2016)

$5.3 m
Air T's current market capitalization is $38.5 m.
Air T's revenue was reported to be $148.2 m in FY, 2016 which is a 32% increase from the previous period.
FY, 2014FY, 2015FY, 2016


$100.8 m$112.2 m$148.2 m

Revenue growth, %


Operating expense total

$98.1 m$108.8 m$142.2 m


$2.6 m$3.4 m$6 m

EBIT margin, %


Pre tax profit

$6.2 m

Income tax expense

$2.4 m

Net Income

$1.5 m$2.5 m$3.8 m
FY, 2014FY, 2015FY, 2016


$3.8 m$14.2 m$5.3 m

Accounts Receivable


$12.2 m$7.8 m$12.3 m

Current Assets

$31.2 m$38.7 m$39 m


$4 m$2.6 m$4.6 m


$275.4 k

Total Assets

$37.2 m$43.5 m$52.2 m

Accounts Payable

$6.4 m$4.7 m$7 m

Current Liabilities

$9 m$8.2 m$15.7 m

Additional Paid-in Capital

$4.9 m$4.9 m$4.9 m

Retained Earnings

$21.9 m$24.4 m$29.4 m

Total Equity

$27.4 m$29.8 m$35.3 m

Financial Leverage

1.4 x1.5 x1.5 x
FY, 2014FY, 2015FY, 2016

Net Income

$1.5 m$2.5 m$3.8 m

Depreciation and Amortization

$752.4 k$856.9 k$1.3 m

Accounts Receivable

$1.4 m$640.9 k($1.5 m)


($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 m$3.2 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 k$19 k$47.1 k

Income Taxes Paid

$755 k$737 k$2.8 m

Free Cash Flow

$728.6 k$9.9 m$3 m

Air T Market Value History

Air T Online Presence

Air T News

Air T Company Life

You may also be interested in