Air T, Inc. ( (AIRT) ) has released its Q2 earnings. Here is a breakdown of the information Air T, Inc. presented to its investors.
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Air T, Inc. is a diversified American company with a portfolio of businesses in the aviation and logistics sectors, focusing on overnight air cargo, ground support equipment, commercial aircraft, engines and parts, and digital solutions.
In its second quarter fiscal 2026 earnings report, Air T, Inc. announced a revenue of $64.2 million, marking a 21% decrease from the previous year. Despite the revenue drop, the company reported an increase in operating income and adjusted EBITDA, showcasing improved profitability.
Key financial highlights include a rise in operating income to $5.5 million and an adjusted EBITDA of $7.9 million, up from $5.0 million in the prior year. Earnings per share also increased significantly to $1.61 from $0.91. The company noted a strategic milestone with Contrail eliminating its bank debt, positioning it well for future market conditions.
Looking ahead, Air T, Inc. is in discussions to acquire Rex Regional Airlines, which could expand its footprint in the aviation sector. The company remains focused on leveraging its diverse business segments to drive growth and enhance shareholder value.