Earnings ·
Air T, Inc. reported first-quarter fiscal 2027 results ending June 30, 2026, with revenues of $115.5 million, a 63%…
AIRTAir T Inc
Air T, Inc. reported first-quarter fiscal 2027 results ending June 30, 2026, with revenues of $115.5 million, a 63% increase year-over-year. The company posted an operating loss of $12.8 million and adjusted EBITDA of $0.8 million, both declining significantly from prior periods due to transaction costs from the Crestone-Arena acquisition and non-cash depreciation related to the Rex fleet step-up. On June 10, 2026, Crestone Air Partners completed its acquisition of Arena Aviation Capital for $33.9 million in cash and contingent consideration, creating a combined platform managing $3.0 billion in assets. The filing also notes that Rex generated $55.9 million in revenue with an adjusted EBITDA of $1.9 million despite operational constraints from engine maintenance delays. Air T operates as a diversified holding company with businesses spanning overnight air cargo, ground support equipment, commercial aircraft leasing and parts, regional airlines, digital solutions, and aviation asset management.