Air T, Inc. reported financial results for the fiscal first quarter ended June 30, 2026. Revenues totaled $115.5 million, a 63% increase from the prior year comparable period, driven by $55.9 million in revenue from the December 2025 acquisition of Regional Express Holdings Pty Ltd (Rex). The company reported an operating loss of $12.8 million and a net loss per share of $5.86, compared to an operating income of $0.8 million and net loss per share of $0.61 in the prior year. Adjusted EBITDA was $0.8 million, down from $1.5 million in the prior year comparable quarter. Air T operates a diversified portfolio of aviation businesses including regional airline services, overnight air cargo, commercial aircraft leasing, ground support equipment manufacturing, and digital solutions.
