Air T Swings to $12.8M Operating Loss on Arena Costs and Fleet Depreciation
AIRT has more than doubled off its 52-week low of $14.56.
Summary
Air T posted a $12.8M operating loss for Q1 FY2027, driven by transaction and integration costs from the Arena Aviation Partners acquisition and elevated non-cash depreciation from the fair-value step-up of Rex's aircraft fleet. Revenue rose 63% to $115.5M, but adjusted EBITDA fell 45% to just $0.8M. The company gave no guidance. This follows the June acquisition of Arena for $21.75M and the Rex integration, which are now weighing on profitability. Watch for whether Rex's operational recovery improves as unscheduled engine removals and maintenance turnaround times normalize.
At the time of this announcement, AIRT was trading at $29.43 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $79.2M. The 52-week trading range was $14.56 to $35.00. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.