AIR T INCAIRTEarnings & Financial Report
Atlas Air, Inc. is a major American cargo airline, passenger charter airline, and aircraft lessor based in White Plains, New York. It is a wholly owned subsidiary of Atlas Air Worldwide Holdings. Atlas Air is the world's largest operator of the Boeing 747, with 61 of the type. In 2021, the airline had 4,056 employees and operated to more than 300 global destinations.
Revenue
$66.3M
Gross Profit
N/A
Operating Profit
$-2.6M
Net Profit
$-7.0M
Gross Margin
N/A
Operating Margin
-3.9%
Net Margin
-10.6%
YoY Growth
-8.8%
EPS
$-2.55
AIR T INC Q4 FY2025 Financial Summary
AIR T INC reported revenue of $66.3M (down 8.8% YoY) for Q4 FY2025, with a net profit of $-7.0M (down 313.4% YoY) (-10.6% margin).
Key Financial Metrics
| Total Revenue | $66.3M |
|---|---|
| Net Profit | $-7.0M |
| Gross Margin | N/A |
| Operating Margin | -3.9% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
AIR T INC Q4 FY2025 revenue of $66.3M breaks down across 5 segments, led by Overnight Air Cargo Segment at $28.6M (43.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Overnight Air Cargo Segment | $28.6M | 43.2% |
| Services | $19.5M | 29.4% |
| Products | $12.3M | 18.6% |
| Other | $3.3M | 5.0% |
| Ground Equipment Sales Segment | $2.5M | 3.8% |
AIR T INC Revenue by Segment — Quarterly Trend
AIR T INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Overnight Air Cargo Segment and Services) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Overnight Air Cargo Segment | $30.6M | — | — | $28.6M |
| Services | — | $18.7M | $18.0M | $19.5M |
| Products | $11.7M | — | $12.5M | $12.3M |
| Other | — | $1.6M | — | $3.3M |
| Ground Equipment Sales Segment | — | — | — | $2.5M |
AIR T INC Annual Revenue by Year
AIR T INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $291.9M).
| Year | Annual Revenue |
|---|---|
| 2025 | $291.9M |
| 2024 | $286.8M |
| 2023 | $247.3M |
| 2022 | $177.1M |
AIR T INC Quarterly Revenue & Net Profit History
AIR T INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $71.1M | -8.7% | $-2.5M | -3.4% |
| Q2 FY2026 | $64.2M | -21.0% | $4.4M | 6.8% |
| Q1 FY2026 | $70.9M | +6.7% | $-1.6M | -2.3% |
| Q4 FY2025 | $66.3M | -8.8% | $-7.0M | -10.6% |
| Q3 FY2025 | $77.9M | +22.2% | $-1.3M | -1.7% |
| Q2 FY2025 | $81.2M | +2.9% | $2.5M | 3.1% |
| Q1 FY2025 | $66.4M | -7.0% | $-335.0K | -0.5% |
| Q4 FY2024 | $72.7M | -2.3% | $-1.7M | -2.3% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $72.7M | $66.4M | $81.2M | $77.9M | $66.3M | $70.9M | $64.2M | $71.1M |
| YoY Growth | -2.3% | -7.0% | 2.9% | 22.2% | -8.8% | 6.7% | -21.0% | -8.7% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $177.2M | $175.5M | $197.1M | $187.6M | $173.8M | $190.0M | $184.7M | $381.8M |
| Liabilities | $158.4M | $162.9M | $181.0M | $173.6M | $168.2M | $184.7M | $177.4M | $375.9M |
| Equity | $4.8M | $4.1M | $7.0M | $5.1M | $-3.2M | $-4.6M | $69000 | $-1.2M |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-6.0M | $113000 | $2.9M | $16.3M | $4.1M | $-1.1M | $-5.4M | $-18.5M |