Welcome to our dedicated page for AIR T SEC filings (Ticker: AIRTP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Air T, Inc. filings for AIRTP document the trust preferred security structure, capital-raising notices, material agreements, governance matters, and capital-structure disclosures tied to Air T Funding Alpha Income Preferred Securities. Recent 8-K reports cover proposed offerings of additional trust preferred securities, executive compensation arrangements, and other material events affecting the issuer and guarantor framework.
The filing record also includes amendments providing acquired-business financial statements and unaudited pro forma financial information for a completed acquisition through an Air T subsidiary. Registration and material-event disclosures describe the preferred securities, related warrant history, offering mechanics, and the operating context of Air T’s portfolio businesses in air cargo, ground support equipment, and commercial aircraft assets.
AIR T, INC. (AIRT) reported the results of its 2026 Annual Meeting of Stockholders held on August 25, 2026. Of 2,696,509 common shares outstanding and entitled to vote, 2,483,550 shares were represented, a turnout of 92.1%.
Stockholders elected directors Raymond E. Cabillot, William R. Foudray, Gary S. Kohler, Peter McClung, and Nicholas J. Swenson, with each nominee receiving over 2.17 million votes for and minimal votes withheld, plus 299,695 broker non-votes. An advisory vote approved the compensation of named executive officers with 2,180,386 votes for, 2,842 against, 625 withheld, and 299,695 broker non-votes. Stockholders also ratified the appointment of Deloitte & Touche LLP as independent registered public accounting firm with 2,481,936 votes for, 1,596 against, and 17 abstentions.
AIR T, INC. (AIRT) filed an amended current report to correct the auditor’s report attached to prior disclosures about its subsidiary Crestone Air Partners, LLC’s acquisition of Arena Aviation Partners B.V. completed on June 10, 2026. The only change is that Baran Audit & Assurance Services B.V. now explicitly states its audits of Arena’s 2024 and 2025 IFRS financial statements were conducted in accordance with U.S. GAAS. The underlying Arena financial statements and previously filed unaudited pro forma financial information for the combined business remain unchanged.
Arena’s audited consolidated financials show 2025 revenue of EUR 10,094,448 and profit of EUR 692,072, compared with 2024 revenue of EUR 25,883,581 and profit of EUR 9,540,040. As of December 31, 2025, Arena reports total assets of EUR 5,495,763, negative equity of EUR 9,373,000 and loans from related parties of EUR 10,746,131, indicating the business is funded largely through subordinated shareholder loans.
AIR T INC (AIRT) filed an amendment to provide detailed financial statements and unaudited pro forma information for the acquisition of Arena Aviation Partners B.V. through its consolidated subsidiary Crestone Air Partners, LLC (CAP). CAP acquired 100% of Arena on June 10, 2026 for total consideration of $33.9 million, including $21.7 million cash and contingent consideration recorded at an estimated fair value of $12.2 million.
The preliminary purchase price allocation assigns $29.7 million to identifiable intangible assets and $8.2 million to goodwill, with total assets of $42.7 million and liabilities of $8.8 million. For the year ended March 31, 2026, the pro forma combined revenues are $338.5 million and net income attributable to Air T stockholders is $72.6 million. For the three months ended June 30, 2026, pro forma combined revenues are $120.0 million and the net loss attributable to Air T stockholders is $14.6 million. The pro forma data incorporate transaction accounting adjustments, new intangible amortization, financing changes, and non‑controlling interest allocations.
Air T, Inc. reported strong top-line expansion but weaker profitability for the fiscal 2027 first quarter ended June 30, 2026. Revenue was $115.5 million, up 63% year over year, driven largely by the newly consolidated Regional Airline segment and growth in several aviation businesses. The company recorded an operating loss of $12.8 million, versus operating income of $0.8 million a year earlier, and Adjusted EBITDA of $0.8 million, down 45% from $1.5 million.
On a trailing twelve‑month basis, revenue reached $371.7 million, up 25%, while operating results deteriorated to a $24.9 million loss compared with $3.3 million of income in the prior period; Adjusted EBITDA rose 19% to $9.5 million. The Regional Airline business (Rex) generated $55.9 million of quarterly revenue and $1.9 million of Adjusted EBITDA but posted a $7.7 million operating loss, largely due to $8.8 million of non‑cash depreciation and amortization from purchase accounting.
Crestone Air Partners completed the $33.9 million acquisition of Arena Aviation Capital, creating a new Aviation Leasing and Asset Management segment. The combined platform manages $3.0 billion of assets and has $0.6 billion committed under LOI, with 124 aircraft and 17 engines under oversight. Air T ended the quarter with $21.7 million in cash and restricted cash and $42.4 million in available credit, and has repurchased 840,855 shares since 2013, representing 31% of shares outstanding.
Air T, Inc. reported fiscal first-quarter 2027 results for the quarter ended June 30, 2026. Revenue was $115.5 million, up $44.6 million or 63% year-over-year, driven largely by the first full quarter from the December 2025 acquisition of Regional Express Holdings Pty Ltd (“Rex”), which contributed $55.9 million.
The company recorded an operating loss of $12.8 million, versus operating income of $0.8 million a year earlier, and a loss before income taxes of $15.0 million. Adjusted EBITDA declined to $0.8 million from $1.5 million. Net loss per share widened to $5.86 from $0.61. Segment results were mixed: Overnight Air Cargo Adjusted EBITDA rose to $2.1 million and Digital Solutions to $0.4 million, while Commercial Aircraft, Engines and Parts and Ground Support Equipment moved to Adjusted EBITDA losses. The Ground Support Equipment segment’s revenue fell to $3.7 million from $15.1 million, though backlog increased to $9.0 million. The investment balance in equity method investees increased to $27.9 million from $19.9 million, and a new Aviation Leasing and Asset Management segment reported early-stage revenues and an Adjusted EBITDA loss.
Air T, Inc. reported sharply higher scale but moved to a loss for the quarter ended June 30, 2026. Operating revenue rose to about $115.5 million from $70.9 million, driven by the new regional airline segment (Rex), contributions from aviation leasing and asset management, and growth in digital solutions, partly offset by a steep decline in ground support equipment sales.
The company recorded an operating loss of about $12.8 million and a net loss attributable to stockholders of roughly $15.8 million, versus a small profit a year earlier, as fuel costs, higher depreciation and amortization (about $9.9 million), and interest expense of $5.7 million weighed on results. Cash used in operations was about $2.8 million, and heavy capital expenditures of roughly $21.3 million plus the $33.9 million Arena Aviation Partners acquisition helped lift total assets to $469.1 million and total debt to about $248.8 million. The Arena deal added an aviation leasing and asset management segment, significant new customer relationship intangibles, and approximately $8.2 million of goodwill.
AO Partners Fund, AO Partners LLC, Groveland Capital, Groveland DST, Glenhurst Co. and Nicholas J. Swenson report significant holdings of Air T, Inc. common stock in an amended Schedule 13D.
Swenson beneficially owns 1,303,339 shares, or 48.3% of Air T’s 2,702,639 shares outstanding as of October 31, 2025, through a mix of direct ownership and affiliated entities. AO Partners Fund and AO Partners LLC each report 920,954 shares (34.2%), Groveland DST holds 233,098 shares (8.6%), Glenhurst Co. 94,438 shares (3.5%) and Groveland Capital 51,099 shares (1.9%).
The group states it acquired its position using approximately $11,600,977 of capital, believes Air T’s stock is undervalued, and indicates an intent to influence the company’s policies and assert shareholder rights, which may be deemed a control purpose. The reporting persons indicate no purchases or sales of Air T shares in the past sixty days.
Air T, Inc. is establishing an at-the-market offering program to issue and sell up to $8,000,000 of common stock from time to time through Ascendiant Capital Markets, LLC as sales agent. The shares may be sold on NASDAQ or through other market transactions, with the sales agent earning a 3.0% commission on the gross sales price per share.
As of July 6, 2026, the aggregate market value of common equity held by non-affiliates was about $27.1 million, so sales are constrained by General Instruction I.B.6 of Form S‑3, monitored together with Air T Funding’s separate at‑the‑market program for up to $8,000,000 of Alpha Income Trust Preferred Securities. Air T intends to use any net proceeds for general corporate purposes, including investments in or advances to subsidiaries and debt reduction. An illustrative scenario using a sale of 52,757 shares at $31.99 per share shows immediate dilution of $7.31 per share to new investors relative to an as-adjusted net tangible book value of $24.68 per share.
Air T, Inc. entered into an At the Market Offering Agreement with Ascendiant Capital Markets, LLC allowing the company to sell, from time to time, shares of its common stock having an aggregate offering price of up to $8,000,000. Sales, if any, will be made as at-the-market offerings under Rule 415(a)(4), including directly on The Nasdaq Capital Market, other trading markets, or through market makers, and may also occur in privately negotiated transactions with prior written approval.
Air T will pay Ascendiant a placement fee of 3.0% of the gross sales price of any shares sold and is not obligated to sell any shares under the program. The shares are being offered under the company’s shelf registration statement on Form S-3, which became effective on March 27, 2024, and a related prospectus supplement dated July 10, 2026. Any sales will be subject to the limitations of General Instruction I.B.6 of Form S-3, which the company will monitor together with a separate at-the-market program for Alpha Income Preferred Securities.