Air T posts 129% revenue jump but records operating loss in Q2 FY2027
Air T, Inc. released its fiscal second‑quarter results for the period ending September 30 2026. Total revenue reached $146.9 million, driven largely by the $56.8 million contribution from the Rex acquisition, but the company posted an operating loss of $11.8 million. Adjusted EBITDA fell to $4.4 million from $7.9 million a year earlier. CEO Nick Swenson said the loss stemmed from higher fuel costs and engine‑maintenance problems at the Rex segment.
Why it matters
The sharp revenue increase is offset by a deeper loss, which may pressure the stock and affect cash flow expectations. The company’s guidance for future quarters will likely hinge on how quickly Rex can stabilize operations, according to management comments.
Key facts
- 1Revenue for the quarter was $146.9 million, up $82.8 million (129%) versus the comparable quarter a year earlier. sec.gov
- 2Operating loss for the quarter was $11.8 million, compared with operating income of $5.5 million in the prior‑year quarter. sec.gov
- 3Adjusted EBITDA was $4.4 million, down from $7.9 million in the same quarter last year. sec.gov
- 4Net loss per share was $7.48, versus earnings per share of $1.61 a year earlier. sec.gov
- 5The equity‑method investment balance stood at $26.2 million at September 30 2026, down from $27.9 million on September 30 2025. sec.gov
- 6Rex contributed $56.8 million of revenue and posted an adjusted EBITDA loss of approximately $0.9 million. finanznachrichten.de
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.