AI brief of an SEC Form 8-K · AIR T INC (AIRT)

Air T revenue rises 63% to $115.5 million, but net loss per share widens to $5.86

Mixed Impact 4 of 5 earnings Written later

Air T reported fiscal first-quarter 2027 revenue of $115.5 million, up 63% from a year earlier, with $55.9 million coming from its Rex regional airline acquisition completed on December 18, 2025. The company swung to an operating loss of $12.8 million from operating income of $0.8 million a year earlier, and net loss per share was $5.86 versus $0.61, so higher sales did not translate into profit for shareholders.

Key points

  • Revenue $115.5 million, up $44.6 million or 63%; Rex contributed $55.9 million
  • Operating loss $12.8 million versus operating income of $0.8 million in the prior-year quarter
  • Net loss per share $5.86 versus $0.61; loss before income taxes $15.0 million versus $0.8 million
  • Adjusted EBITDA (a non-GAAP measure) $0.8 million versus $1.5 million; Regional Airline segment cited fuel expense of $11.8 million as the primary driver of its operating loss

The filing

CompanyAIR T INC (AIRT)
Form8-K, current report
Filed with the SECAug 14, 2026, 4:39 PM ET
Accession number0000353184-26-000079

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 14, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.