secwatch.observer — SEC 8-K summary
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Issuer:     AIR T INC (AIRT)
CIK:        0000353184
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0000353184-24-000135
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Air T reports Q2 FY2025 EPS $0.91 vs loss $0.57; revenue $81.2M up 3% YoY
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- Revenue $81.2M (+3% YoY); operating income $3.9M vs $0.8M; net income attributable $2.3M vs loss $0.7M.
- EPS $0.91 vs loss $0.57 in prior year; adjusted EBITDA $5.0M vs $1.6M.
- Overnight air cargo revenue $31.2M (+11%) on 105 aircraft fleet (vs 85); ground equipment sales $14.5M (+18%).
- Commercial jet engines revenue $32.9M (-9.9%) but segment adjusted EBITDA $4.1M vs $1.3M.
- Crestone AUM $410.4M (up 91% from Dec 2023); equity method net income $2.3M vs $0.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/353184/000035318424000135/0000353184-24-000135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/353184/000035318424000135/airt-20241112.htm
  HTML page:      https://secwatch.observer/filing/0000353184-24-000135

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer