Air T posts higher earnings

Air T Inc. reports earnings of nearly $4.4 million, or $1.81 per diluted share, for its fiscal year ended March 31. That’s up from net income of $3.4 million, or $1.40 per diluted share, a year ago.

Revenue grew 16 percent in the latest quarter to $90.7 million.

The company cites increased sales of ground equipment, higher billable labor rates and a growth in customers and service locations.

Maiden-based Air T (NASDAQ:AIRT) provides overnight air-freight service to the express-delivery industry. It also makes and services aircraft ground-support and special-purpose industrial equipment.

Air T is one of the largest small-aircraft cargo operators in the country.

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6 Responses to “Air T posts higher earnings”

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