Air T Reports Fiscal 2026 Results: Revenue Up 12% to $327.1M, Net Income Per Share $28.85

AIR T INC

Revenue increased 12% to $327.1M for fiscal year ended March 31, 2026, driven by Rex acquisition contribution of $55.3M.
Operating loss was $11.2M compared to operating income of $1.9M in prior year, due to acquisition costs and integration.
Net income per share of $28.85 vs. net loss per share of $2.23, including $111.2M non-cash bargain purchase gain from Rex acquisition.
Completed acquisition of Regional Express Holdings (Rex) on December 18, 2025; Crestone merger with Arena expected in Q1 fiscal 2027.
Adjusted EBITDA improved to $10.1M from $7.4M; GGS segment showed strong recovery with EBITDA swing from -$0.8M to $4.3M.

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