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Air T Inc   (AIRT)
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Price: $19.2100 $0.66 3.558%
Day's High: $19.21 Week Perf: 8.29 %
Day's Low: $ 18.22 30 Day Perf: 20.82 %
Volume (M): 8 52 Wk High: $ 28.62
Volume (M$): $ 150 52 Wk Avg: $21.51
Open: $18.44 52 Wk Low: $12.53



 Market Capitalization (Millions $) 54
 Shares Outstanding (Millions) 3
 Employees 600
 Revenues (TTM) (Millions $) 289
 Net Income (TTM) (Millions $) -14
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 1

Air T Inc

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

The principal place of business of the Company and MAC is 3524 Airport Road, Maiden, North Carolina; the principal place of business of CSA is Iron Mountain, Michigan, the principal place of business for GGS is Olathe, Kansas and the principal place of business for GAS is Eagan, Minnesota.

MAC and CSA provide small package overnight airfreight delivery services on a contract basis throughout the eastern half of the United States and the Caribbean. MAC and CSA’s revenues are derived principally pursuant to “dry-lease” service contracts with FedEx. Under the dry-lease service contracts in place, FedEx leased its aircraft to MAC and CSA for a nominal amount and paid a monthly administrative fee to MAC and CSA to operate the aircraft. Under these contracts, all direct costs related to the operation of the aircraft (including fuel, outside maintenance, landing fees and pilot costs) were passed through to FedEx without markup. These agreements with FedEx were renewable on one-year terms and could be terminated by FedEx any time upon 30 days’ notice.

Global Ground Support designs and engineers its products. Components acquired from third-party suppliers are used in the assembly of its finished products. Components are sourced for a diverse supply chain. The primary components for mobile deicing equipment are the chassis (which is a commercial medium or heavy-duty truck), fluid storage tanks, a boom system, fluid delivery system and heating equipment. The price of these components is influenced by raw material costs, principally high-strength steels and stainless steel. GGS utilizes continuous improvements and other techniques to improve efficiencies and designs to minimize product price increases to its customers, to respond to regulatory changes, such as emission standards, and to incorporate technological improvements to enhance the efficiency of GGS’s products. Improvements include the development of single operator mobile deicing units to replace units requiring two operators, a patented premium deicing blend system and a more efficient forced-air deicing system.

GGS manufactures five basic models of mobile deicing equipment with capacities ranging from 700 to 2,800 gallons. GGS also offers fixed-pedestal-mounted deicers. Each model can be customized as requested by the customer, including single operator configuration, fire suppressant equipment, open basket or enclosed cab design, a patented forced-air deicing nozzle and on-board glycol blending system to substantially reduce glycol usage, color and style of the exterior finish. GGS also manufactures five models of scissor-lift equipment, for catering, cabin service and maintenance service of aircraft, and has developed a line of decontamination equipment, flight-line tow tractors, glycol recovery vehicles and other special purpose mobile equipment.

GGS competes primarily on the basis of the quality and reliability of its products, prompt delivery, service and price. The market for aviation ground service equipment is highly competitive and directly related to the financial health of the aviation industry, weather patterns and changes in technology.



   Company Address: 11020 David Taylor Drive, Suite 305 Charlotte 28262 NC
   Company Phone Number: 595 ? 2840   Stock Exchange / Ticker: NASDAQ AIRT
   


Customers Net Income fell by AIRT's Customers Net Profit Margin fell to

-45.99 %

4.72 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
FDX   -0.41%    
UPS   -3.62%    
FWRD   -6.76%    
PBI   -0.74%    
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Air T Inc

Air T Inc. Faces Concerns as Stock Declines - Profitability Struggles Persist Despite Rise in Revenue

Air T Inc's stock has experienced a significant decline of -24.7% from a year ago, which may raise concerns among investors. However, it is important to note that the year to date performance is showing a slight increase of 0.13%. The fact that the stock is trading only 36.7% above its 52-week low could be a cause for alarm for potential investors.
Looking at the financial results, it is evident that Air T Inc has struggled in terms of profitability. The most recent fiscal period saw a significant increase in shortfall per share, from $-0.21 a year ago to $-1.06. Despite this, revenue has increased by 3.844% to $63.76 million from the same quarter a year ago.
In the prior quarter, Air T Inc reported revenue of $78.97 million and a bottom line of $-0.57 per share. The company also experienced a net loss of $-2.109 million for the October to December 31 2023 fiscal span, as opposed to breaking even in the same quarter a year before.

Air T Inc

Headline: Air T Inc Fails to Attain Profitability Despite Revenue Surge Amid Q2 2024 Earnings Season



Air T Inc, a Transport & Logistics company, recently reported its financial results for the second quarter of 2024, highlighting a surge in revenue but a significant increase in losses per share. These results, combined with the company's decline in stock performance over the past five days and year to date, as well as its current trading position above its 52-week low, raise concerns about the company's future prospects.
Financial Performance and Trends:
During the second quarter of 2024, Air T Inc experienced a loss per share of $-0.57, higher than the loss of $-0.19 per share in the previous reporting season. Despite this, the company's revenue saw a robust increase of 30.118%, reaching $78.97 million compared to $71.43 million in the prior year's corresponding period.

Air T Inc

Air T Inc Soars Above Losses, Shows Promising Growth in Latest Financial Report

Air T Inc, a transportation and logistics company, recently released its financial report for the fiscal period ending June 30, 2023. Despite a net loss of $0.027 million, the company showed positive signs of improvement in various aspects of its business.
One notable achievement for Air T Inc was the decrease in loss per share compared to the previous year. In June 2022, the company reported a loss per share of $-0.50, but in June 2023, this number improved significantly to $-0.19 per share. Similarly, the income per share also saw an improvement, rising from $-3.20 per share in the prior financial reporting period to a better figure.

Air T Inc

Air T Inc Faces Intriguing Paradox: Dramatic Revenue Surge to $74.38M Fails to Offset Losses, Ends Q4 2023 With a Deficit of $-3.20 per Share


Introduction:
Air T Inc, a prominent transport and logistics company, recently released its financial results for the fourth quarter and fiscal year 2023. While the company experienced a substantial surge in revenue, it also recorded a significant shortfall per stock. In light of these contrasting results, it becomes imperative to assess the potential impact on Air T Inc and speculate on the company's future.
1. Revenue Surge:
Air T Inc reported a remarkable increase in revenue, with a surge of 44.595% to $74.38 million in the fourth quarter of 2023, compared to the same period the previous year. This upward trend in revenue indicates that the company is successfully expanding its operations and attracting more business.






 

Air T Inc's Segments
 
 
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