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) reporting person Trang Kennedy, identified as the company's Chief Financial Officer, reported derivative security transactions dated 08/11/2025. Two option awards were acquired the same day: 2,000 options at a $30 exercise price and 2,000 options at a $50 exercise price. Both option grants become exercisable on 08/06/2026 and expire on 08/06/2045. The Form 4 shows 2,000 shares beneficially owned following each reported transaction and indicates a cumulative outstanding option balance of 15,000 after prior expirations tied to price-based vesting tranches. The filing is signed on 08/14/2025.
Travis Jacob Swenson, a director of Air T Inc. (ticker shown as AIRT), reported transactions on Form 4 dated 08/11/2025 with a filing signature on 08/14/2025. The filing shows a disposition of 982 shares of Common Stock and two derivative transactions: two grants of stock options for 500 shares each (exercise prices listed as $30 and $50) dated 08/11/2025 that become exercisable on 08/06/2026 and expire on 08/06/2045. Following the reported option grants, the filing shows 500 underlying shares for each option grant held directly. The explanatory note states that unvested options from December 2020 remain subject to price-tranche vesting and expirations and that 1,500 options are currently outstanding after prior expirations.
Raymond E. Cabillot, a director of Air T Inc. (ticker shown as AIRT in the filing), reported changes in his beneficial ownership on a Form 4 dated 08/14/2025 for transactions dated 08/11/2025. The filing shows a disposition of 7,500 shares of common stock and newly reported acquisitions of two tranches of stock options: 500 options with $30 exercise price and 500 options with $50 exercise price, each exercisable 08/06/2026 and expiring 08/06/2045. Following the reported transactions, Mr. Cabillot directly owned 55,793 shares and held 500 shares underlying the newly acquired options. He also reports significant indirect holdings: 394,090 shares via FS Special Opportunities I, LP, 13,146 shares via Car of MN LLC, and ownership via Farnam Street Partners, L.P.
An explanatory note clarifies that certain unexercisable options granted in December 2020 remain subject to price- and time-based vesting and that after prior expirations total outstanding options are 1,500.
Air T, Inc. filed a current report describing two communication-related updates. The company has refreshed its investor presentation for potential investor groups and made the updated PowerPoint deck available as an exhibit, noting that this material is being furnished rather than filed under securities laws. Air T also highlighted its use of an interactive Q&A tool via Slido.com, linked from its website, for shareholders and other interested parties to submit questions about the company. These questions will be addressed at the Company’s Annual Meeting and through written responses on a quarterly basis, subject to legal and practical limitations.
Air T, Inc. reported that it has released its financial results for the quarter ended June 30, 2025 and furnished the related press release as an exhibit. The company submitted a current report under the Securities Exchange Act to make these quarterly results available to the market.
The press release is included as Exhibit 99.1 and is treated as “furnished” rather than “filed,” which limits the legal exposure associated with the information it contains. The report is signed by the Chief Financial Officer, reflecting management’s authorization of the disclosure.
Air T, Inc. reported consolidated operating revenue of $70.87 million for the three months ended June 30, 2025, up from $66.41 million a year earlier, with consolidated segment revenue rising $4.1 million. Revenue growth was led by Ground Support Equipment, which increased roughly $7.7 million, while the Commercial Aircraft, Engines and Parts segment declined about $4.3 million.
Operating income was a modest $0.4 million versus an operating loss the prior year, but the company reported a net loss attributable to Air T stockholders of $1.636 million (basic loss per share $0.61). Interest expense was $2.314 million and equity method results swung to a $0.02 million loss versus prior period income. Cash and cash equivalents rose to $14.46 million and total assets were $190.04 million against total liabilities of $184.75 million, leaving a stockholders' deficit of $4.63 million.
Notable transactions include the May 15, 2025 acquisition of Royal Aircraft Services for $1.2 million and a subsequent July 15, 2025 sale of two Airbus aircraft for over $18.0 million.
Nicholas J. Swenson, reporting as a director, CEO and 10% owner, disclosed transactions in common stock of AIR T INC (AIRT) on 08/11/2025. He reported a direct disposition of 62,920 common shares and recorded significant indirect beneficial ownership through affiliated entities: AO Partners I, L.P. (972,584 shares), Glenhurst Co. (94,938), Groveland Capital, LLC (52,690) and Groveland DST, LLC (169,806), totaling 1,290,018 indirect shares. The filing also shows two stock option grants acquired on 08/11/2025: one with a $30 exercise price and one with a $50 exercise price, each covering 4,000 shares (totaling 8,000 options), exercisable on 08/06/2026 and expiring 08/06/2045, with a reported option price of $0. The filing includes standard disclaimers that Swenson disclaims beneficial ownership except to the extent of his pecuniary interest in the entity-owned shares.
Air T, Inc. filed an amendment to its Annual Report on Form 10-K/A for the fiscal year ended March 31, 2025 to include an updated audit opinion from Deloitte & Touche LLP correcting a clerical header error in the Critical Audit Matter section. The Amendment states no changes to the consolidated financial statements and adds new management certifications and Deloitte's consent; it otherwise speaks as of the original filing date.
The company outlines its four reportable segments — Overnight Air Cargo, Ground Support Equipment, Commercial Aircraft, Engines and Parts, and Digital Solutions — and discloses key metrics: $14.3 million backlog for GGS as of March 31, 2025 (up from $12.6M), 103 aircraft operated under FedEx dry-lease agreements as of March 31, 2025, revenues from FedEx represented approximately 39% of consolidated revenue in FY2025 and 36% in FY2024, 646 employees, aggregate market value of common equity of approximately $14,257,338 as of Sept 30, 2024, and 2,702,639 outstanding common shares as of May 31, 2025.