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Air T Inc - AIRT STOCK NEWS

Welcome to our dedicated news page for Air T (Ticker: AIRT), a resource for investors and traders seeking the latest updates and insights on Air T.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Air T's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Air T's position in the market.

Rhea-AI Summary
Air T, Inc. (NASDAQ:AIRT) reports Q3 fiscal results with $63.8 million in revenues, a $1.6 million operating loss, and a $0.4 million Adjusted EBITDA loss. The company's total equity decreased by $5.0 million. Chairman and CEO Nick Swenson addresses unexpected revenue decline in Ground Equipment Sales segment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.76%
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earnings
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Rhea-AI Summary
Air T, Inc. (NASDAQ: AIRT) announces dividend dates and record dates for Air T Funding Alpha Income Preferred (AIP) securities (NASDAQ: AIRTP) for 2024 and 2025. Cash distributions on the AIP are at a rate of 8.0% per annum, amounting to $0.50 per share.
Rhea-AI Impact
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End-of-Day
8.36%
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dividends
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Rhea-AI Summary
Ashland Place Finance LLC completed a new facility financing the acquisition of three B737-800 freighters for Atalaya Capital Management and Crestone Air Partners. This is the second transaction with each of Atalaya and Crestone, having previously financed a 777-300ER for Atalaya and four CFM56 engines for Crestone. The Executive Director of Ashland Place expressed satisfaction in partnering with Atalaya and Crestone, while the Principal at Atalaya praised the creative and collaborative nature of their work together. The CEO of Crestone also acknowledged the deep understanding and expertise of the Ashland Place team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.46%
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none
Rhea-AI Summary
Air T, Inc. (NASDAQ:AIRTP) completes a private placement of $4.0 million of its 8% Trust Preferred Securities at a price of $17.00 per share for a 12.1% yield to maturity. The principal buyers were its largest shareholder and their affiliates. The Company anticipates offering additional TruPs at the same price or better. The offering allows for expansion and investment in various subsidiaries and business initiatives.
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Rhea-AI Summary
Air T, Inc. (NASDAQ:AIRT) reported Q2 2023 revenues of $79.0 million, a 30% increase YoY. Adjusted EBITDA profit was $1.5 million, down from $2.3 million in the prior year. Loss per share was $0.57. Total Equity decreased by 15%. The company highlighted the significant contribution from Worldwide Aircraft Services in the Overnight Air Cargo segment, lower sales at Global Ground Support, and strong growth in Commercial Jet Engines and Parts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.37%
Tags
earnings
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Rhea-AI Summary
Air T, Inc. (NASDAQ:AIRT) is an American company with a diverse portfolio. The fiscal first quarter results for 2023 show revenues of $71.4 million, a 40% increase from the prior year. The operating income was $0.7 million, and the adjusted EBITDA profit was $1.4 million. However, the loss per share was $0.19, and total equity decreased by 5% from the previous quarter.
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Rhea-AI Sentiment
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6.76%
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News
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.17%
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earnings
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
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-0.29%
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Air T Inc

Nasdaq:AIRT

AIRT Rankings

AIRT Stock Data

46.13M
985.01k
50.34%
25.28%
0.14%
Couriers and Express Delivery Services
Transportation and Warehousing
Link
US
Denver

About AIRT

air t inc. operates in two industry segments, providing air cargo services to the air express delivery industry through its wholly owned subsidiaries, mountain air cargo, inc. ("mac") & csa air, inc. ("csa"), and aviation ground support and other specialized industrial equipment products and services through its wholly owned subsidiaries, global ground support, llc ("global") & global aviation services, llc ("gas"). mac & csa provide small package overnight air freight delivery services on a contract basis throughout the eastern half of the united states, puerto rico and the caribbean. mac & csa operate approximately 90 aircraft under agreements with federal express. mac and csa operate under separate aviation certifications. mac is certified to operate under part 121 & part 135 of the regulations of the federal aviation administration . this certification permits mac to operate aircraft that can carry up to 18,000 pounds of cargo. mac's principal office, and airt's corporate headqua