Skip to main content

Air T (NASDAQ: AIRT) — Company Overview, News & Financial Data

Air T logo
AIRT Air T
Air T primary media
Company profile

Air T

Air T (NASDAQ:AIRT), a diversified company, delves into three primary business segments: overnight air cargo, aviation ground support equipment manufacturing, and commercial jet engines and parts. With a strategic focus on serving the air cargo and aviation industries, Air T operates a robust network designed to meet an array of logistical and operational needs. The company's overnight air cargo operations are tailored to efficiently deliver small packages across the United States, leveraging a fleet of aircraft designed for such purpose. On the manufacturing front, Air T creates a wide variety of ground support equipment, catering to the demands of commercial and military aviation clients. Additionally, in its commercial jet engines and parts segment, Air T trades and deals in components essential for aircraft maintenance and operation. The overarching objective of Air T is to enhance its market position in the aviation sector by delivering exceptional service, expanding its product offerings, and executing strategic acquisitions that align with its core operations.

Snapshot

Public USOwnership
1980Year founded
584Employees
Maiden, United StatesHead office
Loading Map...
Global footprint

Operations

All Locations
United States

Products and/or services of Air T

  • Overnight air cargo services for major express delivery companies
  • Ground equipment sales, including deicers and other specialized airport ground support equipment
  • Commercial jet engines and parts trading, providing comprehensive solutions for aviation customers
  • Leasing of equipment and engines to airlines and other clients
  • Printing equipment and maintenance services for financial transaction and other high security printing needs
  • Providing workforce solutions and business process outsourcing services tailored to client needs.

Air T executive team

  • Nicholas John SwensonChairman, President & CEO
  • Tracy KennedyChief Financial Officer, Chief Accounting Officer & Treasurer
  • Mark R. JundtSecretary & General Counsel
  • Katrina Marie-Kramer PhilpChief of Staff
  • Althea ArvinChief Executive Officer of Stratus Aero Partners
  • Michael MooreChief Executive Officer of Global Ground Support LLC
  • Michael BandalanCEO of Mountain Air Cargo, Inc., Royal Aircraft Svcs. Worldwide Aircraft Svcs., Inc. & CSA Air, Inc.
  • Dave BixlerPresident of Jet Yard, LLC & Air'Zona Aircraft Services, Inc.
  • Paul StewartPresident of Ambry Hill Technologies
  • Richard LeeChief Executive Officer of Delphax Solutions, Inc.

Key financials

Reported results for Air T, in USD.

Market cap
76.8M
Revenue (TTM)
371.7M
P/E ratio
1.2
EPS (diluted, TTM)
23.6
Dividend yield
—
Profit margin
17.2%
Air T annual revenue and income
Fiscal year endRevenueOperating incomeNet income
327.1M-18.9M78M
291.9M1.9M-6.1M
286.8M1.3M-6.8M
247.3M-4.4M-12.3M