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AIRT Air T News Story

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Aviation services provider Air T's Q2 revenue falls 21%

Overview

Air T fiscal Q2 revenue falls 21% yr/yr, reflecting decreased component sales at Contrail

Operating income for fiscal Q2 rises to $5.5 mln, driven by improved segment performance

Company plans acquisition of Rex Regional Airlines, pending court approval

Outlook

Company did not provide specific guidance for future quarters or full year in press release

Result Drivers

PARKED AIRCRAFT - Revenue in Overnight Air Cargo segment decreased due to increased parked aircraft affecting flight admin fees

DEICING TRUCK SALES - Ground Support Equipment segment revenue fell due to fewer deicing truck sales, but improved margins boosted adjusted EBITDA

COMPONENT SALES DECLINE - Commercial Aircraft, Engines and Parts segment revenue decreased due to lower component sales at Contrail

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Revenue$64.2 mln
Q2 EPS$1.61
Q2 Adjusted EBITDA$7.9 mln
Q2 Operating Income$5.5 mln
Press Release: ID:nACSyFp1Ca For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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