air t inc. operates in two industry segments, providing air cargo services to the air express delivery industry through its wholly owned subsidiaries, mountain air cargo, inc. ("mac") & csa air, inc. ("csa"), and aviation ground support and other specialized industrial equipment products and services through its wholly owned subsidiaries, global ground support, llc ("global") & global aviation services, llc ("gas"). mac & csa provide small package overnight air freight delivery services on a contract basis throughout the eastern half of the united states, puerto rico and the caribbean. mac & csa operate approximately 90 aircraft under agreements with federal express. mac and csa operate under separate aviation certifications. mac is certified to operate under part 121 & part 135 of the regulations of the federal aviation administration . this certification permits mac to operate aircraft that can carry up to 18,000 pounds of cargo. mac's principal office, and airt's corporate headqua
Company profile
Ticker
AIRT, AIRTP
Exchange
Website
CEO
Nicholas Swenson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AIR TRANSPORTATION HOLDING CO INC
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
Regulation FD Disclosure
11 Sep 23
8-K
Entry into a Material Definitive Agreement
5 Sep 23
S-1
IPO registration
23 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
21 Aug 23
10-Q
2024 Q1
Quarterly report
11 Aug 23
8-K
Regulation FD Disclosure
27 Jul 23
ARS
2023 FY
Annual report to shareholders
24 Jul 23
DEF 14A
Definitive proxy
24 Jul 23
PRE 14A
Preliminary proxy
11 Jul 23
10-K/A
2023 FY
Annual report (amended)
28 Jun 23
Latest ownership filings
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
4
RAYMOND E CABILLOT
18 Aug 22
4
Nicholas John Swenson
16 Feb 22
4
Nicholas John Swenson
11 Feb 22
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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| Diluted EPS |
| Annual (USD) | Mar 23 | Mar 22 | Mar 21 | Mar 20 | |
|---|---|---|---|---|---|
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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) | 6.42 mm | 6.42 mm | 6.42 mm | 6.42 mm | 6.42 mm | 6.42 mm |
| Cash burn (monthly) | 223.00 k | 258.50 k | (no burn) | 825.25 k | (no burn) | (no burn) |
| Cash used (since last report) | 642.79 k | 745.11 k | n/a | 2.38 mm | n/a | n/a |
| Cash remaining | 5.78 mm | 5.68 mm | n/a | 4.04 mm | n/a | n/a |
| Runway (months of cash) | 25.9 | 22.0 | n/a | 4.9 | n/a | n/a |
Institutional ownership, Q2 2023
58.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 11 |
| Opened positions | 1 |
| Closed positions | 4 |
| Increased positions | 1 |
| Reduced positions | 3 |
| 13F shares | Current |
|---|---|
| Total value | 4.19 bn |
| Total shares | 1.65 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 | 121.11 k | $3.04 mm |
| Vanguard | 53.38 k | $1.34 bn |
| MS Morgan Stanley | 22.45 k | $563.50 mm |
| Bridgeway Capital Management | 17.25 k | $432.98 mm |
| Dimensional Fund Advisors | 16.62 k | $417.24 mm |
| Geode Capital Management | 12.48 k | $313.30 mm |
| DCF Advisers | 9.14 k | $229.29 mm |
| BLK Blackrock | 6.60 k | $165.56 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 16 Sep 22 | Cabillot Raymond E | Common Stock | Buy | Acquire P | Yes | No | 15.5 | 1,991 | 30.86 k | 13,146 |
| 16 Sep 22 | Peter B. McClung | Common Stock | Buy | Acquire P | No | No | 14.75 | 2,500 | 36.88 k | 7,500 |
| 15 Sep 22 | Cabillot Raymond E | Common Stock | Buy | Acquire P | Yes | No | 15.4118 | 2,707 | 41.72 k | 11,155 |
| 14 Sep 22 | Cabillot Raymond E | Common Stock | Buy | Acquire P | Yes | No | 15.3013 | 302 | 4.62 k | 8,448 |
| 13 Sep 22 | Peter B. McClung | Common Stock | Buy | Acquire P | No | No | 16.75 | 2,400 | 40.20 k | 5,000 |
| 12 Sep 22 | Cabillot Raymond E | Common Stock | Buy | Acquire P | Yes | No | 17.5362 | 5,000 | 87.68 k | 8,146 |
| 12 Sep 22 | Peter B. McClung | Common Stock | Buy | Acquire P | No | No | 17.5984 | 2,500 | 44.00 k | 2,600 |
| 26 Aug 22 | Swenson Nicholas John | Common Stock | Option exercise | Acquire M | No | No | 5.75 | 3,750 | 21.56 k | 62,920 |
| 26 Aug 22 | Swenson Nicholas John | Common Stock Common Stock | Option exercise | Dispose M | No | No | 5.75 | 3,750 | 21.56 k | 0 |
| 18 Aug 22 | Peter B. McClung | Common Stock | Buy | Acquire P | No | No | 17 | 100 | 1.70 k | 100 |