Air T, Inc. Reports Second Quarter Fiscal 2027 Results
Air T, Inc. (AIRT) reported Q2 2027 results with revenues of $146.9M, up 129% YoY, driven by its acquisition of Rex. However, operating loss was $11.8M vs. income of $5.5M last year. Adjusted EBITDA fell to $4.4M from $7.9M. CEO Nick Swenson attributed the loss to challenges in the Rex segment, including higher fuel costs and engine maintenance issues. Other segments showed mixed performance, with Ground Support Equipment and Overnight Air Cargo improving.

