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AIRT logo AIRT
Upturn stock ratingUpturn stock rating
AIRT logo

Air T Inc (AIRT)

Upturn stock ratingUpturn stock rating
$17.95
Delayed price
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

04/01/2025: AIRT (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -42.88%
Avg. Invested days 31
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 04/01/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 48.93M USD
Price to earnings Ratio -
1Y Target Price -
Price to earnings Ratio -
1Y Target Price -
Volume (30-day avg) 5666
Beta 0.74
52 Weeks Range 14.85 - 30.60
Updated Date 04/1/2025
52 Weeks Range 14.85 - 30.60
Updated Date 04/1/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.28

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -0.27%
Operating Margin (TTM) 2.33%

Management Effectiveness

Return on Assets (TTM) 2.36%
Return on Equity (TTM) 4.63%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 172474192
Price to Sales(TTM) 0.16
Enterprise Value 172474192
Price to Sales(TTM) 0.16
Enterprise Value to Revenue 0.58
Enterprise Value to EBITDA 12.91
Shares Outstanding 2725920
Shares Floating 1877884
Shares Outstanding 2725920
Shares Floating 1877884
Percent Insiders 51.85
Percent Institutions 23.9

Analyst Ratings

Rating -
Target Price -
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Air T Inc

stock logo

Company Overview

overview logo History and Background

Air T, Inc. was founded in 1980. Initially, it focused on air freight operations. It has since evolved through acquisitions and organic growth into a diversified holding company with businesses in overnight air cargo, ground equipment sales, and commercial aircraft support.

business area logo Core Business Areas

  • Commercial Aircraft Support: Global Aviation Services (GAS) sells and supports new and used aviation ground support equipment.
  • Overnight Air Cargo: Mountain Air Cargo (MAC) provides time-sensitive air delivery services, primarily for FedEx, operating a fleet of aircraft to transport packages overnight. MAC is a key supplier to FedEx's air freight operations.
  • Ground Support Equipment: Global Ground Support (GGS) sells and supports new and used aviation ground support equipment.

leadership logo Leadership and Structure

Air T Inc. is led by a board of directors and a management team headed by the CEO. Information regarding current leadership can be found in the company's investor relations website.

Top Products and Market Share

overview logo Key Offerings

  • Air Freight Services (Mountain Air Cargo): MAC provides air cargo services mainly to FedEx. Revenue comes from fees paid for flight hours and package delivery. Market share figures specifically for MAC's niche are not readily available, but the overnight air cargo market is highly competitive. Competitors include other FedEx feeder airlines and integrated logistics companies such as UPS.
  • Ground Support Equipment (Global Aviation Services and Global Ground Support): GGS sells and supports new and used aviation ground support equipment. There are no numbers provided for market share or revenue from sales. Competitors include Tronair, Hobart, and Textron GSE.

Market Dynamics

industry overview logo Industry Overview

Air T operates within the air cargo, aviation ground support equipment, and aircraft component maintenance industries. The air cargo market is influenced by e-commerce growth, global trade, and demand for time-sensitive delivery. Aviation GSE is dependent on airline industry health.

Positioning

Air T's diversified approach allows it to mitigate risk across different aviation segments. MAC's relationship with FedEx provides a stable revenue stream, while GSE and aircraft support businesses offer growth opportunities.

Total Addressable Market (TAM)

The overnight air cargo and ground support equipment market TAM is estimated in the billions of dollars. Air T's positioning within niche segments of these markets allows it to capture specific revenue streams.

Upturn SWOT Analysis

Strengths

  • Long-standing relationship with FedEx (Mountain Air Cargo)
  • Diversified revenue streams (air cargo, GSE, aircraft support)
  • Experienced management team

Weaknesses

  • Reliance on a single major customer (FedEx)
  • Exposure to fluctuations in the airline industry
  • Limited brand recognition outside its niche markets

Opportunities

  • Expansion of GSE and aircraft support services to new markets
  • Potential acquisitions in related aviation sectors
  • Growing demand for e-commerce-driven air cargo

Threats

  • Economic downturn impacting air cargo demand
  • Increased competition in the air cargo and GSE markets
  • Fluctuations in fuel prices and operating costs

Competitors and Market Share

competitor logo Key Competitors

  • FDX
  • UPS

Competitive Landscape

Air Tu2019s niche focus on serving FedEx provides a stable base, but it is a smaller player compared to integrated logistics giants like FedEx and UPS. GSE businesses compete with specialized manufacturers.

Major Acquisitions

Delphax Solutions Inc.

  • Year: 2018
  • Acquisition Price (USD millions): 16.5
  • Strategic Rationale: The acquisition was to diversify into high-speed digital printing.

Growth Trajectory and Initiatives

Historical Growth: Air T's growth has been driven by a combination of organic expansion within its existing businesses and strategic acquisitions. Review of prior annual reports will assist in seeing more data for the past 5 years.

Future Projections: Future growth projections are dependent on the company's ability to capitalize on opportunities within the air cargo, GSE, and aircraft support markets.

Recent Initiatives: Recent initiatives are not currently available.

Summary

Air T Inc. is a diversified aviation holding company anchored by its air cargo operations with Mountain Air Cargo serving FedEx. While its relationship with FedEx provides stability, its reliance on a single customer presents a risk. Growth opportunities exist in its GSE and aircraft support businesses. Navigating economic cycles and competition remains crucial for Air T's long-term success.

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Sources and Disclaimers

Data Sources:

  • Air T Inc. Investor Relations
  • Company SEC Filings
  • Industry Reports (e.g., IATA, FAA)
  • Market Research Reports

Disclaimers:

This analysis is for informational purposes only and should not be considered financial advice. Market conditions and company-specific factors can change rapidly. All financial data should be verified independently.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Air T Inc

Exchange NASDAQ
Headquaters Charlotte, NC, United States
IPO Launch date 1984-04-24
Chairman, President & CEO Mr. Nicholas John Swenson
Sector Industrials
Industry Conglomerates
Full time employees 624
Full time employees 624

Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2024, this segment had 105 aircraft under the dry-lease agreements with FedEx. Its Ground Equipment Sales segment manufactures, sells, and services aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other specialized equipment. This segment sells its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. The company's Commercial Jet Engines and Parts segment offers commercial aircraft trading, leasing, and parts solutions; commercial aircraft storage, storage maintenance, and aircraft disassembly/part-out services; commercial aircraft parts sales, exchanges, procurement services, consignment programs, and overhaul and repair services; and aircraft instrumentation, avionics, and various electrical accessories for civilian, military transport, regional/commuter and business/commercial jet, and turboprop aircraft to airlines and commercial aircraft leasing companies. This segment also provides composite aircraft structures, and repair and support services, as well as aircraft service and maintenance services. Air T, Inc. was incorporated in 1980 and is based in Charlotte, North Carolina.

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