Air T, Inc. Reports Improved Profitability Amid Revenue Decline
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Air T, Inc. (AIRT) reported its Q2 fiscal 2026 earnings, revealing a revenue decline of 21% to $64.2 million. However, the company achieved improved profitability with operating income rising to $5.5 million and adjusted EBITDA increasing to $7.9 million. Earnings per share also grew significantly to $1.61. A strategic milestone was reached with Contrail eliminating its bank debt. Air T, Inc. is exploring the acquisition of Rex Regional Airlines to enhance its aviation sector presence and drive growth.
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