Air T, Inc. (AIRT) Earnings History
Net Loss35 years of earnings data (1991–2025) · Currently unprofitable on a TTM basis
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Air T, Inc. (AIRT) Earnings Overview
As of June 23, 2026, Air T, Inc. (AIRT) reported trailing twelve-month net income of -$7M, reflecting +7.9% year-over-year growth. The company earned $-2.50 per diluted share over the past four quarters, with a net profit margin of -2.1%.
Looking at the long-term picture, AIRT's historical earnings data spans multiple years. The company achieved its highest annual net income of $11M in fiscal 2022.
Air T, Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including MRTN ($17M net income, 2.0% margin), HTLD (-$52M net income, -6.5% margin), UPS ($5.25B net income, 6.3% margin), AIRT has room to improve margins relative to the peer group. Compare AIRT vs MRTN →
AIRT Earnings vs Peers
Earnings metrics vs comparable public companies
AIRT Historical Earnings Data (1991–2025)
35 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$6M | +10.0% | $2M | $-2.23 | -2.1% | 0.7% |
| 2024 | -$7M | +44.5% | $1M | $-2.42 | -2.4% | 0.4% |
| 2023 | -$12M | -212.5% | -$4M | $-4.32 | -5.0% | -1.8% |
| 2022 | $11M | +250.2% | $9M | $3.78 | 6.2% | 4.9% |
| 2021 | -$7M | -195.0% | -$9M | $-2.53 | -4.2% | -5.2% |
| 2020 | $8M | +471.3% | $7M | $1.13 | 3.2% | 3.1% |
| 2019 | $1M | -41.2% | $8M | $0.44 | 0.5% | 3.2% |
| 2018 | $2M | +170.9% | $4M | $0.74 | 1.2% | 2.2% |
| 2017 | -$3M | -165.0% | -$3M | $-1.01 | -2.2% | -2.1% |
| 2016 | $5M | +99.0% | $6M | $1.37 | 3.3% | 4.1% |
| 2015 | $2M | +69.4% | $3M | $0.70 | 2.2% | 3.0% |
| 2014 | $1M | -12.2% | $3M | $0.40 | 1.5% | 2.6% |
| 2013 | $2M | +23.7% | $3M | $0.45 | 1.6% | 2.6% |
| 2012 | $1M | -36.8% | $2M | $0.37 | 1.5% | 2.3% |
| 2011 | $2M | -43.1% | $3M | $0.58 | 2.6% | 4.1% |
| 2010 | $4M | -14.2% | $5M | $1.02 | 4.6% | 6.7% |
| 2009 | $4M | +28.7% | $7M | $1.20 | 4.8% | 7.4% |
| 2008 | $3M | +36.9% | $5M | $0.93 | 4.3% | 6.4% |
| 2007 | $2M | +21.0% | $4M | $0.63 | 3.7% | 5.7% |
| 2006 | $2M | -2.4% | $3M | $0.51 | 2.6% | 4.0% |
| 2005 | $2M | +21.2% | $3M | $0.52 | 3.0% | 5.0% |
| 2004 | $2M | +242.0% | $3M | $0.42 | 3.1% | 6.1% |
| 2003 | -$1M | -195.8% | $464,520 | $-0.30 | -2.9% | 1.1% |
| 2002 | $1M | -0.8% | $2M | $0.31 | 1.8% | 3.3% |
| 2001 | $1M | +256.2% | $3M | $0.31 | 1.8% | 3.6% |
| 2000 | $361,857 | -30.8% | $974,360 | $0.09 | 0.6% | 1.7% |
| 1999 | $522,704 | -69.4% | $946,566 | $0.12 | 1.0% | 1.8% |
| 1998 | $2M | +28.9% | $3M | $0.41 | 3.3% | 6.0% |
| 1997 | $1M | -17.9% | $2M | $0.32 | 3.8% | 4.7% |
| 1996 | $2M | +0.8% | $2M | $0.36 | 4.5% | 6.3% |
| 1995 | $2M | -30.4% | -$10M | $0.32 | 4.8% | -29.1% |
| 1994 | $2M | +27.8% | -$9M | $0.46 | 7.5% | -29.6% |
| 1993 | $2M | +50.0% | $3M | $0.37 | 6.7% | 9.3% |
| 1992 | $1M | +71.4% | $2M | $0.27 | 6.0% | 9.0% |
| 1991 | $700,000 | - | $1M | $0.17 | 2.7% | 5.5% |
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AIRT — Frequently Asked Questions
Quick answers to the most common questions about buying AIRT stock.
What is AIRT earnings per share (EPS)?
AIRT trailing twelve-month (TTM) diluted EPS is $-2.50, reflecting +7.9% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1991 to 2025 is available in the table on this page.
What is Air T, Inc.'s net income?
Air T, Inc. (AIRT) trailing twelve-month net income is $-7M as of 2025. Earnings grew +7.9% year-over-year.
Is AIRT profitable?
AIRT is not currently profitable on a TTM basis, reporting a net loss of $-7M. Net margin is -2.1%. Investors should monitor for a return to profitability.
What is AIRT's earnings growth rate?
AIRT compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1991 to 2025.
What are AIRT's profit margins?
Air T, Inc. net profit margin is -2.1%, operating margin is +0.7%, and gross margin is +20.6%. Below-average margins reflect competitive or cost pressures. Return on Equity is -50.5%.
Is AIRT growing earnings?
AIRT is growing earnings steadily. YoY EPS growth of +7.9% is consistent with the 5-year CAGR of N/A. TTM net income is $-7M.
What was AIRT's best earnings year?
Air T, Inc.'s highest annual net income on record is $11M, achieved in fiscal year 2022. Earnings history on this page spans 1991 to 2025 and includes all annual and quarterly figures.
What were AIRT's earnings last quarter?
AIRT's most recent reported quarter was Q3 2026. Net income was $-2M with diluted EPS of $-0.91. For a full breakdown of all quarters, see the quarterly earnings table on this page.