AIRWA INC.YYAIEarnings & Financial Report
Flying W Airways (FWA) was a briefly high-profile publicly-traded company of the late 1960s/early 1970s, which originated in 1961 when its founders opened Flying W Airport in New Jersey as a fly-in resort. FWA became a bet on Alaskan oil and at its peak in 1969 attracted investment by the Matlack family, had two Hollywood actors on its board and bought Red Dodge Aviation (RDA) of Alaska, for which it acquired Lockheed L-100 Hercules aircraft, to take advantage of forthcoming Alaska pipeline c...
Revenue
$2.3M
Gross Profit
$647.0K
Operating Profit
$-1.3M
Net Profit
$1.8M
Gross Margin
28.2%
Operating Margin
-55.5%
Net Margin
76.8%
YoY Growth
-6.1%
EPS
$0.42
AIRWA INC. Q2 FY2024 Financial Summary
AIRWA INC. reported revenue of $2.3M (down 6.1% YoY) for Q2 FY2024, with a net profit of $1.8M (up 116.0% YoY) (76.8% margin). Cost of goods sold was $1.6M, operating expenses totaled $1.9M.
Key Financial Metrics
| Total Revenue | $2.3M |
|---|---|
| Net Profit | $1.8M |
| Gross Margin | 28.2% |
| Operating Margin | -55.5% |
| Report Period | Q2 FY2024 |
AIRWA INC. Annual Revenue by Year
AIRWA INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $12.8M).
| Year | Annual Revenue |
|---|---|
| 2025 | $12.8M |
| 2023 | $9.9M |
| 2022 | $16.1M |
AIRWA INC. Quarterly Revenue & Net Profit History
AIRWA 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 |
|---|---|---|---|---|
| Q2 FY2026 | $3.0M | +729.8% | $-221.8K | -7.4% |
| Q1 FY2026 | $3.0M | +325.6% | $1.3M | 42.0% |
| Q4 FY2025 | $3.0M | +527.9% | $552.2K | 18.4% |
| Q3 FY2025 | $3.3M | +580.7% | $-411.2K | -12.6% |
| Q2 FY2025 | $3.3M | +42.5% | $-1.4M | -41.7% |
| Q1 FY2025 | $3.3M | +4.9% | $-4.2M | -129.0% |
| Q4 FY2024 | $-701.1K | -130.6% | N/A | N/A |
| Q2 FY2024 | $2.3M | -6.1% | $1.8M | 76.8% |
Income Statement
| Q2 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3M | $-701113 | $3.3M | $3.3M | $3.3M | $3.0M | $3.0M | $3.0M |
| YoY Growth | -6.1% | -130.6% | 4.9% | 42.5% | 580.7% | 527.9% | 325.6% | 729.8% |
Balance Sheet
| Q2 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $5.5M | $23.2M | $23.2M | $21.6M | $30.7M | $32.9M | $34.7M | $172.1M |
| Liabilities | $19.9M | $1.4M | $13.7M | $13.5M | $4.1M | $6.5M | $7.1M | $6.7M |
| Equity | $-14.4M | $9.6M | $9.4M | $8.0M | $26.1M | $25.3M | $26.2M | $165.4M |
Cash Flow
| Q2 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-915254 | $-460327 | $-601294 | $779442 | $-133789 | $-423743 | $-1.1M | $-30.8M |