Air T, Inc. — Second Quarter Fiscal 2027 Earnings Summary

Air T, Inc. reported second-quarter fiscal 2027 revenues of $146.9 million, a 129% increase from the prior year, driven largely by the inclusion of Regional Express Holdings Pty Ltd acquired in December 2025. The company posted an operating loss of $11.8 million and a net loss per share of $7.48, contrasting with the prior year's operating income and net income per share. Adjusted EBITDA declined to $4.4 million from $7.9 million in the previous year, impacted by significant fuel cost increases and unscheduled engine removals at the Regional Airline segment. Despite challenges in the newly acquired Rex unit, other segments such as Overnight Air Cargo and Ground Support Equipment contributed positively to the quarter's financial performance.