secwatch.observer — SEC 8-K summary
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Issuer:     AIR T INC (AIRT)
CIK:        0000353184
Form:       8-K
Filed at:   2026-02-13T23:59:59+00:00
Accession:  0000353184-26-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Air T posts Q3 operating loss of $3.8M; acquires Rex with $95.8M bargain gain
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- Revenue $71.1M (-9% YoY); operating loss $3.8M vs prior year income $1.4M; EPS $(0.91).
- Acquired Rex Regional Airlines on Dec 18, 2025 for $11M; preliminary bargain purchase gain $95.8M.
- Rex contributed $5.2M revenue (13 days) and $1.5M net loss in Q3.
- Ground Support Equipment segment revenue up 8% to $12.8M; backlog doubles to $12.9M.
- Commercial Aircraft segment revenue fell 42% to $18.8M; adj EBITDA swung to loss of $0.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/353184/000035318426000017/0000353184-26-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/353184/000035318426000017/airt-20260213.htm
  HTML page:      https://secwatch.observer/filing/0000353184-26-000017

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