Company: AIRTP
Filing Date: 2025-06-27
Form Type: 10-K
Source: 0000353184-25-000044
Chunk: 282

Company: AIR T INC
Filing Date: 2025-06-27
Form: 10-K
Item: Item 8
Chunk 282
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 also has a "Corporate and Other" category which includes unallocated Air T holding company costs that are not directly attributable to the ongoing operating activities of our reportable segments in addition to revenues and expenses for non-reportable operating segments.Segment data is summarized in the following tables (in thousands):

85

Year ended March 31, 2025Overnight Air CargoCommercial Aircraft, Engines and PartsGround Support EquipmentDigital SolutionsTotalRevenue from external customers$124,031 $118,215 $38,940 $7,268 $288,454 Intersegment revenue880 1,197 — — 2,077 124,911 119,412 38,940 7,268 290,531 Reconciliation of revenueOther revenue13,570 Elimination of intersegment revenue2(2,251)Total consolidated revenue$291,850 Cost of sales:Cost of sales from external sources$104,760 $84,896 $33,994 $2,462 Intersegment cost of sales911 1,323 — — 105,671 86,219 33,994 2,462 Less:3General and administrative$12,531 $24,113 $5,888 $5,078 Other segment items4489 2,583 268 792 Segment profit (loss)6,220 6,497 (1,210)(1,064)$10,443 Reconciliation of profit (loss)Other revenue13,570 Other cost of sales1(1,191)Other expenses1(3,930)Interest expense(8,387)Income from equity method investments1,700 Other non-operating expense(209)Other corporate expenses5(7,878)Elimination of intersegment profits894 Loss before income taxes$(4,988)

1 Revenue, cost of sales, and expenses from segments below the quantitative thresholds or that do not constitute a business segment are attributable to an investment advisory business, a laser printer manufacturer, and a commercial property owned by the Company.

2 Elimination of intersegment revenue includes eliminations related to Other revenue in the tables above totaling $174 thousand for the fiscal year ended March 31, 2025. After eliminations, Other revenue from third parties is $3,396 thousand for the fiscal year ended March 31, 2025.

3 The significant expense categories and amounts align with the segment-level information that is