Air T | 8-K: FY2026 Q2 Revenue: USD 64.2 M

Revenue: As of FY2026 Q2, the actual value is USD 64.2 M.

Financial Metrics by Segment

Overall Performance

• Revenues: $64.2 million for the quarter ended September 30, 2025, a decrease of $17.1 million, or 21% from the prior year’s comparable quarter.
• Operating Income: $5.5 million for the quarter ended September 30, 2025, an increase of $1.9 million from the prior year comparable quarter’s operating income of $3.6 million.
• Adjusted EBITDA: $7.9 million for the quarter ended September 30, 2025, compared to $5.0 million in the prior year’s comparable quarter.
• Earnings Per Share: $1.61 for the quarter ended September 30, 2025, compared to $0.91 in the prior year’s comparable quarter.
• Investment Balance: $27.9 million at September 30, 2025, compared to $19.0 million at March 31, 2025.

Overnight Air Cargo

• Revenues: $29.9 million for the quarter ended September 30, 2025, a decrease of 4% compared to $31.2 million in the prior year’s comparable quarter.
• Adjusted EBITDA: $1.8 million for the quarter ended September 30, 2025, a decrease of $0.1 million compared to the prior year’s comparable quarter.

Ground Support Equipment (GGS)

• Revenues: $9.6 million for the quarter ended September 30, 2025, down 33% compared to $14.5 million in the previous year’s second fiscal quarter.
• Adjusted EBITDA: $1.7 million for the quarter ended September 30, 2025, an increase of $1.1 million compared to the prior year quarter’s Adjusted EBITDA.
• Order Backlog: $12.9 million as of September 30, 2025, versus $6.2 million as of September 30, 2024.

Commercial Aircraft, Engines and Parts

• Revenues: $20.9 million for the quarter ended September 30, 2025, a decrease of $12.0 million versus the previous year’s fiscal second quarter.
• Adjusted EBITDA: $6.9 million for the quarter ended September 30, 2025, an increase of $2.8 million compared to the prior year quarter’s Adjusted EBITDA of $4.1 million.

Digital Solutions

• Revenues: $2.2 million for the quarter ended September 30, 2025, an increase of $0.4 million versus the previous year’s fiscal second quarter.
• Adjusted EBITDA: Loss of $0.2 million for the quarter ended September 30, 2025, compared to the prior year quarter’s Adjusted EBITDA loss of $0.1 million.

Outlook / Guidance

• Contrail Milestone: Contrail has eliminated all of its bank debt and holds $6.7 million of cash and cash equivalents as of September 30, 2025.
• Rex Regional Airlines Acquisition: Air T, Inc. expects to close on the acquisition of Rex Regional Airlines in December, pending court approval.
• Positioning: Contrail is well positioned if the secondary market for end-of-life and low green time engines starts to soften.