Air T(AIRT)
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Air T(AIRT) - 2025 Q2 - Quarterly Results
2024-11-13 05:36
______________________________________________________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ______________________________________________________________________________ FORM 8-K ______________________________________________________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 12, 2024 __________________________________________ ...
Air T(AIRT) - 2025 Q2 - Quarterly Report
2024-11-13 05:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended September 30, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from _____to _____ Commission File Number 001-35476 Air T, Inc. (Exact name of registrant as specified in its charter) Delaware 52-1206400 (State or other jurisdi ...
Air T (AIRT) Q1 Earnings Increase Y/Y, Revenues Decline
ZACKS· 2024-08-17 02:51
Air T, Inc. (AIRT) reported a loss per share of 12 cents in the first quarter of fiscal 2025, narrower than the year-ago quarter’s loss of 19 cents per share.Revenues in DetailAir T registered revenues of $66.4 million in the fiscal first quarter, down 7% year over year.Lower revenues from Ground Equipment Sales (GGS) and Commercial Jet Engines and Parts segments dampened the topline.Segment DetailsAir T derives revenues from four segments — Overnight Air Cargo, GGS, Commercial Jet Engines and Parts and Cor ...
Air T(AIRT) - 2025 Q1 - Quarterly Report
2024-08-15 04:35
财务表现 - 公司营收较上年同期下降7.0%,主要由于地面设备销售和商用喷气机引擎及零件业务收入下降[162] - 航空货运业务收入增加9.6%,主要由于航空器数量增加[165] - 地面设备销售业务收入下降37.6%,主要由于除冰车销量下降[166] - 商用喷气机引擎及零件业务收入下降12.0%,主要由于Contrail零件销售下降[167] - 公司整体营业亏损为577,000美元,上年同期营业利润为658,000美元[171] - 公司非经营收益增加1,154,000美元,主要由于权益法投资收益增加[178] - 公司所得税费用为100,000美元,税率为68.9%[179] 季节性因素 - 地面设备销售业务存在季节性,第一和第四财季收入和利润较低[182] 风险因素 - 公司面临网络安全风险,可能会对业务造成负面影响[183] 财务状况 - 公司持有约870万美元现金及现金等价物和受限现金[185] - 公司持有约120万美元的受限投资作为SAIC的法定准备金[185] - 公司有约200万美元的可供出售证券和约3900万美元的可用信贷额度[185] - 公司于2024年6月30日的营运资金为5380万美元,较2024年3月31日减少220万美元[186] - 公司子公司Contrail以460万美元的价格回购了其21%权益中的16%[187] - 公司正在寻求在2024年8月31日到期前为440万美元的循环信贷进行再融资,但无法保证能以与现有信贷条件同样有利的条款完成再融资[188] - 公司相信现有现金及融资、经营活动产生的现金流以及可用的循环信贷额度足以满足未来12个月内的义务[189] 非公认会计准则指标 - 公司使用经调整EBITDA作为非公认会计准则的财务指标来评估公司的财务表现[193][196] - 公司在2024年6月30日的三个月内经调整EBITDA为662万美元,较上年同期下降725万美元[197][198] 债务管理 - 公司有权在2024年6月7日或之后的任何时候,延迟支付后次级债券的利息,最长可延迟20个连续季度[205] - 截至2024年6月30日,公司有4330万美元的优先股证券未偿还(其中900万美元由公司全资子公司持有)[206] - 公司面临利率风险,已制定风险管理政策,允许使用衍生工具来对冲浮动利率债务的利率上升风险[208] 子公司信息 - Air T Funding公司是Air T的"金融子公司",不需要向SEC定期报告[207]
Air T's (AIRT) Fiscal 2024 Earnings, Revenues Improve Y/Y
ZACKS· 2024-06-28 01:50
Air T, Inc. (AIRT) delivered a loss per share of $2.42 at the end of fiscal 2024, narrower than $4.32 at the end of fiscal 2023.Revenues in DetailAir T registered revenues of $286.8 million at the end of fiscal 2024, up 15.9% from the comparable fiscal 2023 period.Robust performances by the majority of the segments drove the topline.Segment DetailsAir T’s operations consist of four business segments — Overnight Air Cargo, Ground Equipment Sales (GGS), Commercial Jet Engines and Parts and Corporate and Other ...
Air T(AIRT) - 2024 Q4 - Annual Report
2024-06-27 05:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35476 Air T, Inc. (Exact name of registrant as specified in its charter) Delaware 52-1206400 State or other jurisdiction of (I.R.S. Empl ...
Zacks Initiates Coverage of Air T With Neutral Recommendation
ZACKS· 2024-05-30 21:36
Zacks Investment Research has recently initiated coverage of Air T, Inc. (AIRT) , assigning a "Neutral" recommendation to the company's shares. This assessment comes amid a mixed outlook for the company, which has been making notable strides in the aviation space despite industry challenges.Air T, presently operating from Charlotte, NC, is a diversified holding company engaged in aviation-related businesses. The company operates in four industry segments — Overnight Air Cargo, Ground Equipment Sales, Commer ...
Air T(AIRT) - 2024 Q3 - Quarterly Report
2024-02-12 00:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended December 31, 2023 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from _____to _____ Commission File Number 001-35476 Air T, Inc. (Exact name of registrant as specified in its charter) Delaware 52-1206400 (State or other jurisdic ...
Ashland Place Completes 3-Aircraft Financing for Atalaya Capital Management and Crestone Air Partners
Prnewswire· 2024-01-17 22:00
NEW YORK, Jan. 17, 2024 /PRNewswire/ -- Ashland Place Finance LLC ("Ashland Place"), a commercial aviation financing platform, today announced the completion of a new facility financing the acquisition of three B737-800 freighters for Atalaya Capital Management ("Atalaya") and Crestone Air Partners ("Crestone"). This is the second transaction that the Ashland Place platform has completed with each of Atalaya and Crestone, having separately previously financed a 777-300ER for Atalaya in August 2022 and four ...
Air T(AIRT) - 2024 Q2 - Quarterly Report
2023-11-14 00:00
综合收入 - 2023年9月30日结束的三个月内,公司的综合收入同比增长30.1%达到了7,896.6万美元[98] - 2023年9月30日结束的三个月内,公司的综合营业收入为0.8百万美元,较去年同期的0.2百万美元增加了0.6百万美元[102] 航空货运部门 - 航空货运部门的收入同比增长27.8%,达到了6,128万美元,主要归因于管理费用增加、联邦快递的增加和WASI收购的贡献[98] - 航空货运部门的营业收入同比增长1.194百万美元,达到了2.039百万美元,主要归因于销售增加[103] 地面设备销售部门 - 地面设备销售部门的收入同比下降32.0%,达到了5,773万美元,主要是由于当前年度销售的除冰车辆数量较去年同期减少[99] - 地面设备销售部门的营业亏损同比增加1.899百万美元,达到了12.0千美元,主要是由于销售减少[104] 商用喷气发动机和零部件部门 - 商用喷气发动机和零部件部门的收入同比增长92.1%,达到了17,492万美元,主要是由于Contrail的发动机销售和当前季度内多家公司的零部件销售增加[100] - 商用喷气发动机和零部件部门的营业收入同比增加1.356百万美元,达到了1.152百万美元,主要是由于销售增加[105] 公司和其他部门 - 公司和其他部门的收入同比增长26.7%,达到了431万美元,主要是由于Shanwick的软件订阅增加[101] - 公司和其他部门的营业亏损相对去年同期基本持平[106] 公司财务状况 - 公司的现金及现金等价物为590万美元,受限现金为130万美元,可用信贷额度为2440万美元[129] 现金流 - 2023年9月30日前六个月,公司的运营活动净现金流为1589.7万美元,较去年同期的1394.6万美元的运营活动净现金流增加[143] - 2023年9月30日前六个月,公司的投资活动净现金流为20万美元,较去年同期的177.6万美元的投资活动净现金流减少[144] - 2023年9月30日前六个月,公司的筹资活动净现金流为负1722.9万美元,较去年同期的1675.7万美元的筹资活动净现金流减少[145]