Overview
AirT
Air T helps FedEx deliver the goods. The company owns two overnight air cargo subsidiaries -- Mountain Air Cargo (MAC) and CSA Air -- which operate under contracts with FedEx. MAC and CSA Air fly mainly in the Eastern and Midwest regions of the US, as well as the Caribbean and South America. Its combined fleet consists of about 80 turboprop Cessna aircraft, most of which are leased from FedEx. Air Cargo Services accounts for about half
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Read More of its sales. Air T's Aircraft Ground Service Equipment and Service business comprises Global Ground Support (GGS; de-icing and scissor-lift equipment used at airports) and Global Aviation Services (GAS; provides related maintenance services).
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Read More of its sales. Air T's Aircraft Ground Service Equipment and Service business comprises Global Ground Support (GGS; de-icing and scissor-lift equipment used at airports) and Global Aviation Services (GAS; provides related maintenance services).
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Nicholas Swenson
See more contacts
Couriers and Express Delivery Services
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Scheduled Air Transportation
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Aerospace Product and Parts Manufacturing
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Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
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Air courier services
See All Industries , Air cargo carrier, scheduled , Aircraft parts and equipment, nec Aircraft flight instrument repair
See Fewer Industries
See All Industries , Air cargo carrier, scheduled , Aircraft parts and equipment, nec Aircraft flight instrument repair
See Fewer Industries
Charter Bus Industry
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Deep Sea, Coastal, and Great Lakes Water Transportation
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Freight Transportation Arrangement
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General Freight Trucking
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Inland Water Transportation
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Interurban and Rural Bus Transportation
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Local Messengers and Local Delivery
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Nonscheduled Air Transportation
View more , Other Pipeline Transportation , Other Support Activities for Transportation , Other Transit and Ground Passenger Transportation , Pipeline Transportation of Crude Oil , Pipeline Transportation of Natural Gas , Postal Service , Rail Transportation , Scenic and Sightseeing Transportation, Land , Scenic and Sightseeing Transportation, Other , Scenic and Sightseeing Transportation, Water , Scheduled Air Transportation , School and Employee Bus Transportation , Specialized Freight Trucking , Support Activities for Air Transportation , Support Activities for Rail Transportation , Support Activities for Road Transportation , Support Activities for Water Transportation , Taxi and Limousine Service , Urban Transit Systems Warehousing and Storage
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View more , Other Pipeline Transportation , Other Support Activities for Transportation , Other Transit and Ground Passenger Transportation , Pipeline Transportation of Crude Oil , Pipeline Transportation of Natural Gas , Postal Service , Rail Transportation , Scenic and Sightseeing Transportation, Land , Scenic and Sightseeing Transportation, Other , Scenic and Sightseeing Transportation, Water , Scheduled Air Transportation , School and Employee Bus Transportation , Specialized Freight Trucking , Support Activities for Air Transportation , Support Activities for Rail Transportation , Support Activities for Road Transportation , Support Activities for Water Transportation , Taxi and Limousine Service , Urban Transit Systems Warehousing and Storage
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Actual
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Actual
$286.83 million
Actual
15.98%
$177
MAR
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NASDAQ:AIRT
Contacts
Get in Touch with 2 Principals* and 49 Contacts
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Nicholas SwensonChairman of the Board and President and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of March 31, 2024 (12 month period) in USD
Annual Revenue 2024
$286.83 million
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $17 | $17 | -$33 |
| Net Investing Cash | -$2 | -$6 | -$33 |
| Net Financing Cash | -$14 | -$12 | $59 |
| Net Change in Cash | $1 | -$2 | -$7 |
| Cash at Beginning of Period | $7 | $8 | $16 |
| Cash at End of Period | $8 | $7 | $8 |
| Capital Expenditure | -$1 | -$1 | -$2 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $7 | $6 | $6 |
| Accounts Receivable | $23 | $27 | $20 |
| Inventories | $61 | $71 | $75 |
| Other Current Assets | $12 | $12 | $28 |
| Asset Summary | |||
| Total Current Assets | $103 | $117 | $128 |
| Tangible Fixed Assets | $32 | $33 | $43 |
| Intangible Assets | $11 | $12 | $13 |
| Total Assets | $177 | $190 | $208 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $15 | $10 | $9 |
| Short-Term Debt | $14 | $39 | $6 |
| Other Current Liabilities | $17 | $15 | $15 |
| Liability Summary | |||
| Total Current Liabilities | $47 | $64 | $31 |
| Long-Term Debt | $99 | $86 | $129 |
| Other Long-Term Liabilities | $ | $0 | $1 |
| Total Liabilities | $158 | $164 | $171 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $1 | $1 | $1 |
| Retained Earnings | $8 | $14 | $27 |
| Equity Summary | |||
| Total Equity | $5 | $12 | $25 |
| Shares Outstanding | 2,775,163 | 2,818,374 | 2,866,418 |