Last $12.25 USD
Change Today -0.33 / -2.62%
Volume 7.5K
As of 8:10 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

air t inc (AIRT) Snapshot

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06/30/14 - $13.30
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08/12/13 - $9.77
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air t inc (AIRT) Details

Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sales, and ground support services in the United States and internationally. Its Overnight Air Cargo segment offers small package overnight airfreight delivery services on a contract basis to the air express delivery services industry. As of March 31, 2014, this segment had approximately 80 aircraft under agreement with FedEx in the United States and the Caribbean. The company’s Ground Equipment Sales segment manufactures, sells, and services aircraft ground support and other specialized equipment, including aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other special purpose mobile equipment. This segment offers its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. Its Ground Support Services segment provides aircraft ground support equipment, fleet, and facility maintenance services to airlines and aviation service providers. Air T, Inc. was founded in 1980 and is based in Maiden, North Carolina.

576 Employees
Last Reported Date: 06/2/14
Founded in 1980

air t inc (AIRT) Top Compensated Officers

Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $173.2K
Executive Vice President, Director, Chief Exe...
Total Annual Compensation: $243.7K
Compensation as of Fiscal Year 2013.

air t inc (AIRT) Key Developments

Air T, Inc. Announces Resignation of John Parry as Chief Financial Officer, Vice President-Finance, Treasurer and Secretary, Effective July 23, 2014

On June 24, 2014, John Parry, chief financial officer, vice president-finance, treasurer and secretary of Air T Inc. announced that the company of his decision to resign from his employment and all offices with the company to pursue other opportunities. Mr. Parry stated that his resignation would be effective July 23, 2014, subject to any mutually agreeable change to that schedule to accommodate the transition of his duties.

Air T Inc. Reports Consolidated Earnings Results for Fiscal Year Ended March 31, 2014

Air T Inc. reported consolidated earnings results for fiscal year ended March 31, 2014. The company announced consolidated net earnings of $1,467,000 or $0.60 per diluted share for fiscal 2014, which ended March 31, 2014, compared to net earnings of $1,670,000 or $0.68 per diluted share for fiscal 2013. Consolidated revenue for fiscal 2014 was $100,772,000 compared to $103,064,000 for fiscal 2013, representing a 2% decrease. The $203,000 decrease in fiscal 2014's net earnings represented a 12% decrease from the prior year. Operating income in air cargo segment was down $949,000 (31%) as a result of a variety of factors including a reduction in revenue aircraft, increased maintenance labor costs and increased maintenance facility costs this quarter. Operating income in ground equipment sales segment increased by $1,509,000 (170%) as a result of continuing efforts to improve production efficiencies as well as a shift in the customer and product mix sold this past year. Operating income in ground support services segment increased by $214,000 (25%) related to the increase in revenues this year.

Air T Inc. to Report Fiscal Year 2014 Results on Jun 02, 2014

Air T Inc. announced that they will report fiscal year 2014 results at 5:00 PM, Eastern Standard Time on Jun 02, 2014


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Valuation AIRT Industry Range
Price/Earnings 20.9x
Price/Sales 0.3x
Price/Book 1.1x
Price/Cash Flow 13.4x
TEV/Sales 0.2x

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