Company: AIRTP
Filing Date: 2025-06-27
Form Type: 10-K
Source: 0000353184-25-000044
Chunk: 280

Company: AIR T INC
Filing Date: 2025-06-27
Form: 10-K
Item: Item 8
Chunk 280
---
 outside the United States are summarized in the following table as of March 31, 2025 and March 31, 2024 (in thousands):March 31, 2025March 31, 2024United States$20,422 $20,807 Foreign14,525 306 Total tangible long-lived assets, net$34,947 $21,113 The Company’s tangible long-lived assets, net of accumulated depreciation, held outside of the United States represent primarily assets on lease at March 31, 2025. The net book value located within each individual country at March 31, 2025 is listed below (in thousands):CountryMarch 31, 2025March 31, 2024Thailand$— $252 Bulgaria14,435 — Other90 54 Total foreign tangible long-lived assets, net$14,525 $306 Total revenue, located in the United States, and outside the United States is summarized in the following table as of March 31, 2025 and March 31, 2024 (in thousands):

83

Twelve months ended March 31,20252024Operating Revenues:Overnight Air CargoUnited States$120,804 $114,809 Foreign3,227 737 Total Overnight Air Cargo124,031 115,546 Commercial Aircraft, Engines and PartsUnited States79,138 95,175 Foreign39,077 30,325 Total Commercial Aircraft, Engines and Parts118,215 125,500 Ground Support EquipmentUnited States36,175 32,677 Foreign2,765 4,491 Total Ground Support Equipment38,940 37,168 Digital SolutionsUnited States1,781 1,331 Foreign5,487 4,452 Total Digital Solutions7,268 5,783 Corporate and OtherUnited States3,324 2,634 Foreign72 203 Total Corporate and Other3,396 2,837 Total revenue$291,850 $286,834 

19.    SEGMENT INFORMATION

Air T's robust portfolio of businesses are managed on a highly decentralized basis. These businesses are aggregated into operating segments in a manner that reflects how Air T views the business activities. The Company's chief operating decision maker ("CODM") is the Chief Executive Officer. The Chief Executive Officer is ultimately responsible for significant capital allocation decisions and evaluating operating performance. In assessing