secwatch.observer — SEC 8-K summary
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Issuer:     AIR T INC (AIRT)
CIK:        0000353184
Form:       8-K
Filed at:   2026-08-14T20:39:52+00:00
Accession:  0000353184-26-000079
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Air T Q1 FY27 revenue up 63% to $115.5M but net loss per share $5.86
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- Revenue $115.5M, +63% YoY, including $55.9M from Rex acquisition (full quarter).
- Operating loss $12.8M vs income $0.8M; net loss per share $5.86 vs $0.61.
- Adjusted EBITDA $0.8M vs $1.5M; equity method investees balance $27.9M vs $19.9M.
- Regional Airline (Rex) revenue $55.9M, operating loss $7.7M on fuel costs; GGS revenue down $11.4M on order timing.
- Digital Solutions revenue up $0.5M to $2.6M; Aviation Leasing segment added with $1.4M revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/353184/000035318426000079/0000353184-26-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/353184/000035318426000079/airt-20260814.htm
  HTML page:      https://secwatch.observer/filing/0000353184-26-000079

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