Air T, Inc. Continues Track Record of Growth in First Quarter Fiscal 2027: Crestone Completes Acquisition of Arena
Air T, Inc. (NASDAQ:AIRT) reported fiscal 2027 first-quarter results for the period ended June 30, 2026. Revenue rose to $115.5 million, up 63% year over year, while operating loss widened to $12.8 million. Adjusted EBITDA was $0.8 million, down 45%. The company said results were pressured by acquisition and integration costs tied to Crestone’s Arena deal and non-cash depreciation from purchase accounting. Crestone acquired Arena Aviation Capital for $33.9 million.


