Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts, and printing equipment and maintenance services in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2022, this segment had 72 aircraft under the dry-lease agreements with FedEx. Its Ground Equipment Sales segment manufactures, sells, and services aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other specialized equipment. This segment sells its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. Its Commercial Aircraft, Engines and Parts segment offers commercial aircraft trading, leasing, and parts solutions; commercial aircraft storage, storage maintenance, and aircraft disassembly/part-out services; commercial aircraft parts sales, exchanges, procurement services, consignment programs, and overhaul and repair services; and aircraft instrumentation, avionics, and a range of electrical accessories for civilian, military transport, regional/commuter and business/commercial jet, and turboprop aircraft. This segment also provides composite aircraft structures, and repair and support services. Air T, Inc. was incorporated in 1980 and is based in Denver, North Carolina.
Company profile
Ticker
AIRT, AIRTP
Exchange
Website
CEO
Mr. Nicholas John Swenson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CITIZENS COMMUNICATIONS CO, CITIZENS UTILITIES CO, FRONTIER COMMUNICATIONS CORP
SEC CIK
Corporate docs
Subsidiaries
Air T Global Leasing, LLC • CSA Air, Inc. • Global Ground Support, LLC • Mountain Air Cargo, Inc. • Space Age Insurance Company • Stratus Aero Partners LLC • Jet Yard, LLC • Jet Yard Solutions, LLC • AirCo, LLC • AirCo 1, LLC ...
IRS number
521206400
AIRT stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
18 Sep 24
8-K
Entry into a Material Definitive Agreement
4 Sep 24
8-K
Entry into a Material Definitive Agreement
30 Aug 24
424B5
Prospectus supplement for primary offering
30 Aug 24
8-K
Submission of Matters to a Vote of Security Holders
23 Aug 24
8-K
Regulation FD Disclosure
14 Aug 24
10-Q
2025 Q1
Quarterly report
14 Aug 24
8-K
Entry into a Material Definitive Agreement
7 Aug 24
ARS
2024 FY
Annual report to shareholders
10 Jul 24
DEFA14A
Additional proxy soliciting materials
10 Jul 24
Latest ownership filings
SC 13D/A
LENDWAY, INC.
1 Oct 24
SC 13D/A
AIR T / AIR T ownership change
19 Aug 24
4
Nicholas John Swenson
28 Dec 23
4/A
Nicholas John Swenson
26 Apr 23
SC 13G/A
RENAISSANCE TECHNOLOGIES LLC
13 Feb 23
SC 13D/A
FARNAM STREET PARTNERS LP /MN
27 Sep 22
4
Peter B. McClung
20 Sep 22
4
RAYMOND E CABILLOT
16 Sep 22
4
RAYMOND E CABILLOT
13 Sep 22
4
Nicholas John Swenson
30 Aug 22
Financial summary
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Annual (USD) | Mar 24 | Mar 23 | Mar 22 | Mar 21 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 8.71 mm | 8.71 mm | 8.71 mm | 8.71 mm | 8.71 mm | 8.71 mm |
Cash burn (monthly) | (no burn) | (no burn) | 192.33 k | 183.42 k | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 722.22 k | 688.74 k | n/a | n/a |
Cash remaining | n/a | n/a | 7.98 mm | 8.02 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | 41.5 | 43.7 | n/a | n/a |
Institutional ownership, Q2 2024
58.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 14 |
Opened positions | 12 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 4.51 bn |
Total shares | 1.60 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
AO Partners I | 940.75 k | $21.26 mm |
Farnam Street Partners | 449.88 k | $7.74 mm |
Renaissance Technologies | 118.51 k | $2.53 bn |
Vanguard | 52.85 k | $1.13 bn |
Bridgeway Capital Management | 17.25 k | $367.94 mm |
Geode Capital Management | 12.28 k | $261.91 mm |
UBS UBS | 5.60 k | $119.45 mm |
BLK BlackRock | 2.32 k | $49.51 mm |
MS Morgan Stanley | 1.00 k | $21.35 mm |
Comerica Bank | 100.00 | $2.13 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Dec 23 | Swenson Nicholas John | Common Stock | Gift | Dispose G | Yes | No | 0 | 611 | 0.00 | 52,690 |