Air T, Inc. plans to acquire Rex Regional Airlines, aiming to leverage its market presence and enhance operational capabilities amid the aviation industry's recovery.
Target Company Overview
Air T, Inc. (NASDAQ: AIRT), based in Charlotte, NC, operates a diverse portfolio of businesses, each offering unique but connected services. The company prioritizes hiring dynamic individuals and teams to enhance its operational processes, aiming to drive sustainable growth and add value over time. Air T's core segments include overnight air cargo services, ground support equipment, commercial aircraft leasing, and digital aviation solutions.
Recently, Air T announced its financial results for the first fiscal quarter ending September 30, 2025. The company reported revenues of $64.2 million, reflecting a 21% decrease compared to the same quarter in the previous year. However, operating income increased to $5.5 million, up from $3.6 million. Additionally, adjusted EBITDA rose to $7.9 million, compared to $5.0 million from the prior year, showcasing a positive operational performance amid revenue challenges.
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Industry Overview in the USA
The aviation industry in the United States remains a pivotal component of the country's economy, contributing significantly to employment, trade, and tourism. The sector comprises variou
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Air T, Inc.
invested in
Rex Regional Airlines
in 2025
in a Other deal
Disclosed details
Revenue: $64M
EBITDA: $8M
EBIT: $6M