{"schema_version":"secwatch.filing_event.v1","accession":"0000353184-26-000082","form_type":"8-K","ticker":"AIRT","cik":"0000353184","company_name":"AIR T INC","filed_at":"2026-08-14T20:52:54+00:00","discovered_at":"2026-08-14T20:54:03.830464+00:00","generated_at":"2026-08-14T20:54:16.709127+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Air T Q1 revenue up 63% to $115.5M; Crestone closes Arena acquisition","bullets":["Revenue $115.5M (+63% YoY); operating loss $12.8M vs +$0.8M prior year; adjusted EBITDA $0.8M (-45%).","Crestone acquired Arena Aviation Capital for $33.9M ($21.7M cash + $12.2M contingent); Blue Owl invested $10M for 10.25% preferred; Air T owns 83.9%.","New Aviation Leasing segment; post-close 21-day: $1.4M fees, $3.5M operating loss, $0.3M adj EBITDA loss.","Rex: revenue $55.9M, adj EBITDA $1.9M, operating loss $7.7M due to $8.8M D&A from $111.2M bargain purchase gain.","Cash $21.7M; $42.4M credit line available; repurchased 840,855 shares (31% of outstanding) since Oct 2013."],"urls":{"canonical":"https://secwatch.observer/filing/0000353184-26-000082","json":"https://secwatch.observer/filing/0000353184-26-000082.json","markdown":"https://secwatch.observer/filing/0000353184-26-000082.md","text":"https://secwatch.observer/filing/0000353184-26-000082.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/353184/000035318426000082/0000353184-26-000082-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/353184/000035318426000082/airt-20260814.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-14T20:54:16.709127+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}