Air T Q1 FY27 operating loss widens to $12.83 million; revenue rises 63% to $115.46 million
AIRT•Quarterly results and segment performance
- Air T swung to a GAAP operating loss of USD 12.83 million; revenue rose 63% to USD 115.46 million.
- GAAP adjusted EBITDA slipped 45.16% to USD 804,000.
- Regional airline unit posted USD 55.91 million in revenue; GAAP operating loss totaled USD 7.73 million following the Rex acquisition.
- Ground support equipment revenue dropped 76% to USD 3.68 million; GAAP operating loss was USD 247,000 on delayed military orders.
- GAAP interest expense climbed to USD 5.67 million; liquidity included USD 21.7 million cash and USD 42.4 million available under credit lines.
