Established in 1980, Air T, Inc. is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. It seeks dynamic individuals and teams to operate companies using processes that increase value over time. It believes it can apply corporate resources to help activate growth and overcome challenges. Its core segments are overnight air cargo; aviation ground support equipment manufacturing; and commercial aircraft asset management.

Company profile
Ticker
AIRT, AIRTP
Exchange
Website
CEO
Nicholas Swenson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Fedex • Air Transport Services ...
Former names
AIR TRANSPORTATION HOLDING CO INC
SEC CIK
Corporate docs
Subsidiaries
Air T Global Leasing, LLC • CSA Air, Inc. • Global Ground Support, LLC • Mountain Air Cargo, Inc. • Space Age Insurance Company • Stratus Aero Partners LLC • Jet Yard, LLC • Jet Yard Solutions, LLC • AirCo, LLC • AirCo 1, LLC ...
IRS number
521206400
AIRT stock data
Calendar
12 Aug 22
19 Aug 22
31 Mar 23
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Mar 22 | Mar 21 | Mar 20 | Mar 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 9.52M | 9.52M | 9.52M | 9.52M | 9.52M | 9.52M |
Cash burn (monthly) | (no burn) | 158.67K | (no burn) | (no burn) | 843.67K | 2.23M |
Cash used (since last report) | n/a | 266.6K | n/a | n/a | 1.42M | 3.75M |
Cash remaining | n/a | 9.26M | n/a | n/a | 8.11M | 5.77M |
Runway (months of cash) | n/a | 58.3 | n/a | n/a | 9.6 | 2.6 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
17 Aug 22 | Cabillot Raymond E | Common Stock | Buy | Acquire P | Yes | No | 15.3 | 500 | 7.65K | 3,146 |
15 Feb 22 | Swenson Nicholas John | Common Stock | Buy | Acquire P | Yes | Yes | 24.594 | 1,100 | 27.05K | 972,584 |
14 Feb 22 | Swenson Nicholas John | Common Stock | Buy | Acquire P | Yes | Yes | 24.72 | 1,100 | 27.19K | 971,484 |
11 Feb 22 | Swenson Nicholas John | Common Stock | Buy | Acquire P | Yes | Yes | 25.5207 | 875 | 22.33K | 970,384 |
10 Feb 22 | Swenson Nicholas John | Common Stock | Buy | Acquire P | Yes | Yes | 29 | 66 | 1.91K | 969,509 |
10 Feb 22 | Swenson Nicholas John | Common Stock | Buy | Acquire P | Yes | Yes | 27.5188 | 809 | 22.26K | 969,443 |
9 Feb 22 | Swenson Nicholas John | Common Stock | Buy | Acquire P | Yes | Yes | 28.8194 | 875 | 25.22K | 968,634 |
8 Feb 22 | Swenson Nicholas John | Common Stock | Buy | Acquire P | Yes | Yes | 26.9826 | 673 | 18.16K | 967,759 |
8 Feb 22 | Swenson Nicholas John | Common Stock | Buy | Acquire P | Yes | Yes | 26.0805 | 202 | 5.27K | 967,086 |
7 Feb 22 | Swenson Nicholas John | Common Stock | Buy | Acquire P | Yes | Yes | 24.5363 | 838 | 20.56K | 966,884 |
Institutional ownership, Q1 2022
58.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 15 |
Opened positions | 5 |
Closed positions | 1 |
Increased positions | 2 |
Reduced positions | 4 |
13F shares | Current |
---|---|
Total value | 36.74M |
Total shares | 1.69M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
AO Partners I | 940.75K | $21.26M |
Farnam Street Partners | 446.22K | $8.62M |
Renaissance Technologies | 149.81K | $3.41M |
Vanguard | 51.05K | $1.16M |
MS Morgan Stanley | 22.75K | $518K |
Bridgeway Capital Management | 17.25K | $392K |
Dimensional Fund Advisors | 17.21K | $391K |
Geode Capital Management | 14.94K | $339K |
DCF Advisers | 12K | $273K |
BLK Blackrock | 9.94K | $225K |
Financial report summary
?Management Discussion
- Consolidated revenue for the three-month period ended June 30, 2022 increased by $13.9 million (38%) compared to the same quarter in the prior fiscal year.
- Revenues from the air cargo segment for the three-month period ended June 30, 2022 increased by $1,713 (9%) compared to the first quarter of the prior fiscal year. The increase was principally attributable to higher administrative fees and maintenance labor revenue from FedEx.
- The ground equipment sales segment contributed approximately $5.8 million and $8.2 million to the Company’s revenues for the three-month periods ended June 30, 2022 and 2021 respectively, representing a $2.4 million (29%) decrease in the current quarter. The decrease was primarily driven by lower sales volume of military deicing trucks this quarter compared to prior year comparable quarter. At June 30, 2022, the ground equipment sales segment’s order backlog was $17.2 million compared to $7.1 million at June 30, 2021. Finished Goods inventory increased to $9.1 million as of June 30, 2022 from $7.3 million as of June 30, 2021, as we added additional trucks ready for sale to capitalize on opportunistic sales that may arise as customers continue to recover from the impacts of the pandemic.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. junior Avg
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New words:
absent, acknowledged, acknowledgment, clarification, deemed, degree, drawn, EBIT, economy, equating, ERC, EUR, fee, forma, goodwill, ING, inherently, intangible, ISIG, lesser, memorialize, methodology, multiplied, Overline, ownership, package, party, pilot, preliminary, Pro, qualification, receipt, Shanwick, shareholder, translated, TruP, unaffiliated, unchanged, unrelated, unused, waterfall, Worthington
Removed:
Administration, backed, conferred, consignment, continued, discount, distributed, distribution, dividend, effected, employ, enumerated, equivalent, execute, expired, explained, fact, Force, forgiven, Function, holder, JV, loosen, Mill, offering, PPP, priced, receive, reverse, Road, SBA, September, serve, shared, split, Supplement, target, Warrant
Financial reports
Current reports
8-K
Submission of Matters to a Vote of Security Holders
18 Aug 22
8-K
Regulation FD Disclosure
16 Aug 22
8-K
Regulation FD Disclosure
8 Jul 22
8-K
Entry into a Material Definitive Agreement
14 Jun 22
8-K
Regulation FD Disclosure
7 Jun 22
8-K
Completion of Acquisition or Disposition of Assets
27 Apr 22
8-K
Completion of Acquisition or Disposition of Assets
21 Apr 22
8-K
Completion of Acquisition or Disposition of Assets
4 Mar 22
8-K
Entry into a Material Definitive Agreement
22 Feb 22
8-K
Entry into a Material Definitive Agreement
14 Feb 22
Registration and prospectus
S-8
Registration of securities for employees
16 Aug 22
424B5
Prospectus supplement for primary offering
19 Nov 21
25-NSE
Exchange delisting
30 Aug 21
424B5
Prospectus supplement for primary offering
9 Aug 21
424B5
Prospectus supplement for primary offering
14 May 21
424B3
Prospectus supplement
22 Mar 21
S-3
Shelf registration
10 Mar 21
424B3
Prospectus supplement
11 Jan 21
424B3
Prospectus supplement
2 Sep 20
424B3
Prospectus supplement
9 Jun 20
Proxies
PRE 14A
Preliminary proxy
9 Jul 21
DEFA14A
Additional proxy soliciting materials
29 Jul 20
DEF 14A
Definitive proxy
18 Jul 18
DFAN14A
Additional proxy materials by non-management
4 Jul 18
DFAN14A
Additional proxy materials by non-management
2 Jul 18
DFAN14A
Additional proxy materials by non-management
27 Jun 18
Other
SD
Conflict minerals disclosure
26 May 22
SD
Conflict minerals disclosure
28 May 21
EFFECT
Notice of effectiveness
22 Mar 21
CORRESP
Correspondence with SEC
16 Mar 21
UPLOAD
Letter from SEC
16 Mar 21
SD
Conflict minerals disclosure
29 May 20
EFFECT
Notice of effectiveness
10 Jun 19
CERT
Certification of approval for exchange listing
6 Jun 19
CORRESP
Correspondence with SEC
4 Jun 19
CORRESP
Correspondence with SEC
3 Jun 19
Ownership
4
AIR T / RAYMOND E CABILLOT ownership change
18 Aug 22
4
AIR T / Nicholas John Swenson ownership change
16 Feb 22
4
AIR T / Nicholas John Swenson ownership change
11 Feb 22
SC 13G/A
AIR T / RENAISSANCE TECHNOLOGIES ownership change
11 Feb 22
4
AIR T / Nicholas John Swenson ownership change
8 Feb 22
4
AIR T / Nicholas John Swenson ownership change
3 Feb 22
SC 13D/A
INSIGNIA SYSTEMS / AIR T ownership change
15 Oct 21
4
AIR T / Nicholas John Swenson ownership change
7 Sep 21
4
AIR T / Nicholas John Swenson ownership change
1 Sep 21
4
AIR T / Nicholas John Swenson ownership change
27 Aug 21
Reddit threads
Daily Discussion Thread - August 11th, 2022
11 Aug 22
Daily Discussion Thread - August 10th, 2022
10 Aug 22
Daily Discussion Thread - June 29th, 2022
29 Jun 22
Daily Discussion Thread - June 24th, 2022
24 Jun 22
Daily Discussion Thread - June 23rd, 2022
23 Jun 22
Daily Discussion Thread - June 22nd, 2022
22 Jun 22
Daily Discussion Thread - June 21st, 2022
21 Jun 22
Daily Discussion Thread - February 11th, 2022
11 Feb 22
Daily Discussion Thread - February 10th, 2022
10 Feb 22
Daily Discussion Thread - February 9th, 2022
9 Feb 22