secwatch.observer — SEC 8-K summary
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Issuer:     AIR T INC (AIRT)
CIK:        0000353184
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0000353184-25-000128
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Air T Q2 revenue falls 21% to $64.2M; EPS up to $1.61; eyes Rex acquisition
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- Revenue $64.2M (down 21% YoY); EPS $1.61 vs $0.91; operating income $5.5M vs $3.6M.
- Ground Support Equipment revenue $9.6M (down 33%); backlog $12.9M vs $6.2M; EBITDA $1.7M vs $0.6M.
- Commercial Aircraft/Engines/Parts revenue $20.9M (down 36%); EBITDA $6.9M vs $4.1M on aircraft sale gain.
- Chairman: Contrail debt-free with $6.7M cash; targeting acquisition of Rex Regional Airlines by Dec 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/353184/000035318425000128/0000353184-25-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/353184/000035318425000128/airt-20251112.htm
  HTML page:      https://secwatch.observer/filing/0000353184-25-000128

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