Air T, Inc. saw its sales jump 129% last quarter but lost $11.8 million.

Nov 13, 2026, 4:41 PM ETResultsRead the original at SEC EDGAR

Bad for AIRT

Air T's sales rose 129%, but it swung from operating profit to an $11.8 million operating loss. Rex's fuel and engine problems and lower adjusted EBITDA outweigh strong results at Crestone and GGS.

AIRT · Air T, Inc.

AI read · Bad for AIRT

The AI's read

Much of the added sales came from Rex, which Air T bought in December. Rex struggled with fuel costs and engine problems that kept aircraft out of service. Crestone and GGS did well, but adjusted EBITDA fell from $7.9 million to $4.4 million. The move from profit to losses points to a weaker outlook overall.

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