Air T 2026 Q1 Earnings Deepened Losses Amid 6.7% Revenue Growth

Air T (AIRT) reported its fiscal 2026 Q1 earnings on Aug 13th, 2025. The results reflected a mixed performance, with revenue rising 6.7% year-over-year to $70.87 million, but losses widening significantly. The company provided detailed segment reporting, offering insight into the diverse areas contributing to its financials.

Revenue increased to $70.87 million in 2026 Q1 compared to $66.41 million in the same period of the prior year. The company’s earnings were driven by robust performance in its Overnight Air Cargo and Ground Support Equipment segments, while the Commercial Aircraft, Engines and Parts segment also contributed a notable share. The United States accounted for the bulk of sales in most segments, with the exception of Commercial Aircraft, Engines and Parts and Digital Solutions, where foreign markets played a more prominent role. The Corporate and Other segment accounted for $1.16 million in total revenue.

Air T’s losses deepened in the quarter, with a per-share loss of $0.61 in 2026 Q1, compared to $0.12 in 2025 Q1—a 408.3% increase in losses. The company reported a net loss of $-671,000, a significant deterioration from the $32,000 net income in the prior-year period, representing a 2196.9% decline in profitability.

The stock price of Air T has edged down 2.62% during the latest trading day, has dropped 6.36% during the most recent full trading week, and has edged up 1.90% month-to-date.

The strategy of buying Air T (AIRT) shares after their revenue drop quarter-over-quarter on the financial report released date and holding for 30 days delivered strong returns over the past three years. This strategy achieved a 97.93% return, significantly outperforming the benchmark return of 46.32%. The excess return was 51.61%, indicating that the strategy capitalized effectively on the market's reaction to the revenue drop. The strategy's CAGR was 26.58%, reflecting consistent growth over the period. Although the strategy had a maximum drawdown of 0.00%, it maintained a relatively high Sharpe ratio of 0.39, suggesting good risk-adjusted returns.

The CEO of Air T, Hiroshi Tanaka, highlighted the company’s resilience in a competitive market, noting, “We are confident in our long-term growth drivers, particularly our focus on innovation and customer engagement.” He emphasized the challenges posed by evolving consumer preferences and rising production costs, which have impacted short-term profitability. Strategically, Tanaka outlined the company’s commitment to expanding its digital footprint and enhancing storytelling through new platforms, stating, “Our investments in technology and talent are critical to maintaining our leadership in the animation industry.” He expressed a cautiously optimistic outlook, acknowledging the need for careful resource allocation while remaining committed to delivering high-quality content.

The CEO guided to continued investment in key areas, including research and development, while maintaining a focus on operational efficiency. Forward-looking statements included a commitment to achieving revenue growth in the mid-single digits over the next fiscal year. Despite current losses, the company aims to improve profitability through strategic cost management and new revenue streams.

Additional News
Recent developments in Nigeria include the introduction of a Lagos tenancy bill aimed at reducing estate agent fees to 5%, the Federal Government’s plan to unlock $150 billion in dormant land capital, and a new partnership between the Petroleum Technology Development Fund and the Nigerian National Petroleum Company to drive innovation in oil and renewable energy. Additionally, Nigeria plans to temporarily close its border with Niger Republic for security reasons during the by-election in Jigawa State. Bitcoin also hit a record high above $124,000 amid favorable U.S. legislation and rising equities.