AIR T INC

Air T, Inc. (NASDAQ: AIRT) operates as a diversified holding company with a portfolio of businesses spanning aviation services, equipment manufacturing, and digital solutions. The company maintains its principal website at https://www.airt.com and serves customers across North America and internationally, with significant operations in Australia following its December 2025 acquisition of Regional Express Holdings Pty Ltd.

The company operates through five core reportable segments. The overnight air cargo segment, comprising Mountain Air Cargo, CSA Air, Worldwide Aircraft Services, and Royal Aircraft Services, generates approximately 35 percent of consolidated revenues through dry-lease service contracts with FedEx, operating a fleet of 103 aircraft including Cessna Caravans, SkyCouriers, and ATR turboprops across the eastern United States, upper Midwest, and Caribbean. The ground support equipment segment manufactures and sells aircraft deicers, scissor lifts, and specialized equipment to airlines, airports, and military customers, with deicing equipment representing 84 percent of segment revenues. The commercial aircraft, engines and parts segment manages and leases aviation assets, supplies surplus and aftermarket jet engine components, and provides aircraft disassembly and repair services through entities including Contrail Aviation Support, AirCo, Worthington Aviation, and Jet Yard. The digital solutions segment develops cloud-based software and data aggregation services for aviation aftermarket businesses through WorldACD Market Data and Ambry Hill Technology. The regional airline segment operates Rex, Australia's largest independent regional airline, serving 53 destinations with a fleet of 98 aircraft and providing scheduled passenger services, freight, charter operations, and pilot training.

As of March 31, 2026, Air T employed approximately 1,666 full-time and full-time-equivalent employees, with roughly 969 employed by Rex in Australia and the remainder primarily in the United States. The company maintains unconsolidated investments in aviation asset management ventures, agricultural operations, and industrial manufacturing. Air T's business model emphasizes strategic capital allocation across complementary aviation-related businesses while maintaining operational independence within each subsidiary.