Company: AIRTP
Filing Date: 2025-08-12
Form Type: 10-K/A
Source: 0000353184-25-000069
Chunk: 32

Company: AIR T INC
Filing Date: 2025-08-12
Form: 10-K/A
Chunk 32
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 and realize the anticipated benefits of acquisitions, joint ventures, and strategic alliances and investments;

• Labor-related disruptions and potential changes in labor laws;

• Its ability to attract and retain employee talent, meet its purchased transportation needs, or maintain its company culture, as well as increases in labor and purchased transportation costs;

• Challenges to the status of service providers providing certain linehaul and pickup-and-delivery operations as direct and exclusive employers of drivers providing these services is being challenged;

• Potential changes to pilot flight and duty time regulations could impair its operations and impose substantial costs;

• Increasing costs, the volatility of costs and funding requirements, and other legal mandates for employee benefits, especially pension and healthcare benefits;

• It could be affected by global climate change or by legal, regulatory, or market responses to such change;

• It may be unable to achieve or demonstrate progress on our goal of carbon neutrality for global operations by calendar 2040;

• Its inability to quickly and effectively restore operations following adverse weather or a localized disaster or disturbance in a key geography;

• Government regulation and enforcement are evolving and unfavorable changes could harm its business;

• It could be subject to adverse changes in regulations and interpretations or challenges to its tax positions;

• The regulatory environment for global aviation or other transportation rights may affect its operations and increase operating costs; and,

• Its business is subject to complex and evolving U.S. and foreign laws and regulations regarding data protection.

A material reduction in the aircraft we fly for FedEx could materially adversely affect our business and results of operations.

Under our agreements with FedEx, we are not guaranteed a number of aircraft or routes we are to fly and FedEx may reduce the number of aircraft we lease and operate upon 10 days’ written notice. Our compensation under these agreements, including our administrative fees, depends on the number of aircraft leased to us by FedEx. Any material permanent reduction in the aircraft we operate could materially adversely affect our business and results of operations. A temporary reduction in any period could materially adversely affect our results of operations for that period.

Sales of deicing equipment can be affected by weather conditions.

Our ground support equipment segment’s deicing equipment is used to deice commercial and military aircraft. The extent of deicing activity depends on the severity of winter weather. Mild winter weather conditions permit airports to use fewer deicing units, since less time is required to deice aircraft in mild weather conditions. As a result, airports may be able to extend the useful lives of their existing units, reducing the demand for new units.

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