T. Air Inc. (AIRT)
Nasdaq · Air Courier Services · Transportation, communications and utilities · CIK 353184 · fiscal year ends in Mar
Closing price $27.75 on 30 Oct 2026; 52-week range $18.35 to $34.26.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $371.7M
- Revenue growth
- 25.4%
- Net income, last twelve months
- $63.8M
- Earnings per share
- $23.60
- Operating margin
- -6.6%
- Net margin
- 17.2%
- Free cash flow
- -$64.4M
- Return on equity
- 97.9%
- Market value
- $74.7M
- Price to earnings
- 1.2x
- Cash
- $16.7M
- Debt
- $246.3M
- Debt to equity
- 3.78
- Shares outstanding
- 2.7M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2026 | 31 Mar 2026 | $327.1M | -$11.2M | $78.0M | $28.85 | -$41.5M | 10-K filed 29 Jun 2026 |
| FY2025 | 31 Mar 2025 | $291.9M | $1.9M | -$6.1M | -$2.23 | $22.4M | 10-K filed 27 Jun 2025 |
| FY2024 | 31 Mar 2024 | $286.8M | $1.3M | -$6.8M | -$2.42 | $16.1M | 10-K filed 26 Jun 2024 |
| FY2023 | 31 Mar 2023 | $247.3M | -$4.4M | -$12.3M | -$4.32 | $15.7M | 10-K filed 27 Jun 2023 |
| FY2022 | 31 Mar 2022 | $177.1M | $8.8M | $10.9M | $3.78 | -$34.6M | 10-K filed 28 Jun 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q1 FY2027 | 30 Jun 2026 | $115.5M | -$15.8M | -$5.86 |
| Q4 FY2026 | 31 Mar 2026 | $120.9M | $77.7M | $28.76 |
| Q3 FY2026 | 31 Dec 2025 | $71.1M | -$2.5M | -$0.91 |
| Q2 FY2026 | 30 Sep 2025 | $64.2M | $4.4M | $1.61 |
| Q1 FY2026 | 30 Jun 2025 | $70.9M | -$1.6M | -$0.61 |
| Q4 FY2025 | 31 Mar 2025 | $66.3M | -$7.0M | -$2.55 |
| Q3 FY2025 | 31 Dec 2024 | $77.9M | -$1.3M | -$0.47 |
| Q2 FY2025 | 30 Sep 2024 | $81.2M | $2.5M | $0.91 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2026
| Segment | Revenue | Share |
|---|---|---|
| Overnight air cargo | $123.7M | 37.8% |
| Commercial aircraft, engines and parts | $86.9M | 26.6% |
| Regional airline | $55.3M | 16.9% |
| Ground support equipment | $47.2M | 14.4% |
| Digital solutions | $9.1M | 2.8% |
| Corporate and other | $4.9M | 1.5% |
Company events
The newest 8-K filings of 230 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 4 Sep 2026 | 8-K | Material agreement, New debt | 1.01, 2.03, 9.01 |
| 28 Aug 2026 | 8-K | Shareholder vote | 5.07 |
| 14 Aug 2026 | 8-K | Investor update, Other events | 7.01, 8.01, 9.01 |
| 14 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 10 Jul 2026 | 8-K | Material agreement, Other events | 1.01, 8.01 |
| 29 Jun 2026 | 8-K | Investor update, Other events | 7.01, 8.01, 9.01 |
| 29 Jun 2026 | 8-K | Results | 2.02 |
| 16 Jun 2026 | 8-K | Deal completed, Material agreement, New debt | 1.01, 2.01, 2.03 |
| 23 Mar 2026 | 8-K | Other events | 8.01, 9.01 |
| 10 Mar 2026 | 8-K/A | Material agreement, Other events | 1.01, 8.01 |
| 10 Mar 2026 | 8-K | Leadership change | 5.02, 9.01 |
| 9 Mar 2026 | 8-K | Material agreement, Other events | 1.01, 8.01, 9.01 |
Every filing
The newest filings with the SEC of 534 held.
| Filed | Form | Period |
|---|---|---|
| 4 Sep 2026 | 8-K | 4 Sep 2026 |
| 28 Aug 2026 | 8-K | 28 Aug 2026 |
| 28 Aug 2026 | 8-K/A | 28 Aug 2026 |
| 26 Aug 2026 | 8-K/A | 26 Aug 2026 |
| 14 Aug 2026 | 8-K | 14 Aug 2026 |
| 14 Aug 2026 | 8-K | 14 Aug 2026 |
| 14 Aug 2026 | 10-Q | 30 Jun 2026 |
| 10 Jul 2026 | 8-K | 10 Jul 2026 |
| 10 Jul 2026 | DEFA14A | – |
| 10 Jul 2026 | ARS | 31 Mar 2026 |
| 10 Jul 2026 | DEF 14A | 31 Mar 2026 |
| 29 Jun 2026 | 8-K | 29 Jun 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 31 Jul 2026 | Swenson Nicholas John, Officer, Director, 10% Stockholder | 10,000 | $190.0K | 31 Jul 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 17 Jul 2026 | AO Partners I, LP | 13D amended | 48.3% | 1.3M |
| 22 Jan 2026 | AO Partners I, LP | 13D amended | 49.4% | 1.3M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 30.0K | +36.05% | 1.02 |
| 30 Sep 2026 | 22.0K | +7.56% | 1 |
| 15 Sep 2026 | 20.5K | -6.92% | 1 |
| 31 Aug 2026 | 22.0K | +17.08% | 1.52 |
| 14 Aug 2026 | 18.8K | +7.96% | 1.14 |
| 31 Jul 2026 | 17.4K | +14.69% | 1.13 |
| 15 Jul 2026 | 15.2K | -2.01% | 3.64 |
| 30 Jun 2026 | 15.5K | -6.47% | 5.07 |
Funds that hold it
From each fund's latest Form 13F.
14 funds held it at 30 Jun 2026: 5 added and 3 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Renaissance Technologies LLC | 103,411 | $2.7M | -3,000 |
| Vanguard Capital Management LLC | 42,419 | $1.1M | 0 |
| Morgan Stanley | 31,206 | $827.0K | -2,000 |
| Geode Capital Management, LLC | 11,262 | $286.6K | +11,262 |
| Vanguard Fiduciary Trust Co. | 4,833 | $123.0K | 0 |
| BlackRock, Inc. | 4,583 | $121.5K | +1,005 |
| Royal Bank of Canada | 2,600 | $69.0K | +2,600 |
| UBS Group AG | 1,500 | $39.8K | -594 |
| Tower Research Capital LLC (TRC) | 655 | $17.4K | +472 |
| Vanguard Global Advisers, LLC | 600 | $15.3K | 0 |
Peers
Companies in the same industry.
- FedEx Corp. (FDX): revenue –, market value $73.3B