Air T, Inc. Reports Second Quarter Fiscal 2027 Results

Air T, Inc. reported fiscal second-quarter 2027 revenue of $146.9 million, up 129% year over year, including $56.8 million from its December 2025 acquisition of Regional Express Holdings (Rex). The company posted an operating loss of $11.8 million, versus operating income of $5.5 million a year earlier, and a pretax loss of $16.2 million. Net loss per share was $7.48, while Adjusted EBITDA fell to $4.4 million from $7.9 million.