AIR T INC 8K

Air T, Inc. reported strong revenue growth but an operating loss for fiscal 2027 Q1, driven by costs and non‑cash charges related to its Crestone-led acquisition of Arena Aviation Capital and Rex fleet accounting, and announced the launch of a new Aviation Leasing and Asset Management segment and its upcoming annual meeting.

On August 14, 2026, Air T, Inc. reported its fiscal 2027 first quarter results for the period ended June 30, 2026, highlighting a 63% year-over-year increase in quarterly revenue to $115.5 million but a swing to an operating loss of $12.8 million, driven primarily by transaction and integration costs from Crestone Air Partners’ June 10, 2026 acquisition of Arena Aviation Capital and higher non‑cash depreciation from the Rex aircraft fleet fair-value step-up. The company disclosed that Crestone completed the Arena acquisition for $33.9 million (including $21.7 million in cash and $12.2 million in contingent consideration), added Blue Owl as an investor with a $10 million Class B preferred investment, and led Air T to launch a new Aviation Leasing and Asset Management reporting segment consolidating Crestone and Arena. Rex generated positive adjusted EBITDA but reported an operating loss due to elevated non‑cash depreciation tied to prior purchase accounting, while Air T ended the quarter with $21.7 million in cash and restricted cash and $42.4 million in available credit, and announced details for its August 25, 2026 annual meeting.

Filing Facts

CIK

353184

Ticker

-

Form

8K

Source Type

sec

Accession

0000353184-26-000082

Alert Tier

7