Air T reports higher revenue amid operating loss

• Air T (NASDAQ:AIRT) reported fiscal 2026 revenue of $327.1 million, up 12% year over year.
• The company posted an operating loss of $11.2 million but earnings before taxes of $86 million, driven by a one-time gain.
• Adjusted EBITDA rose to $10.1 million, supported by improvements in its Ground Support Equipment segment.

Air T (NASDAQ:AIRT) reported fiscal 2026 revenue of $327.1 million, compared with $291.5 million a year earlier, reflecting 12% growth that included contributions from its Rex acquisition.

The company recorded an operating loss of $11.2 million but reported earnings before income taxes of $86 million, largely driven by a $111.2 million non-cash bargain purchase gain from the Rex transaction.

Adjusted EBITDA increased to $10.1 million from $7.4 million in the prior year period, showing modest underlying operational improvement.

Air T said its Ground Support Equipment segment achieved positive Adjusted EBITDA during the period, while revenue declined in its Commercial Aircraft, Engines and Parts business.

The company also reported that its regional airline operations from Rex contributed meaningful revenue but recorded a segment operating loss.

Meta title: Air T reports $327.1M FY2026 revenue

Meta description: Air T (NASDAQ:AIRT) posted FY2026 revenue of $327.1M, up 12%, with a $111.2M bargain gain from Rex offsetting operating losses.

Meta image description: Aviation logistics and airline operations visual showing ground support equipment, regional aircraft, and financial performance charts for Air T segments.

Keywords: Air T, NASDAQ:AIRT, earnings, fiscal 2026, Rex acquisition, aviation services, ground support equipment, regional airline, EBITDA, bargain purchase gain