Company: AIRTP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0000353184-25-000073
Chunk: 84

Company: AIR T INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 84
---
 tangible long-lived assets located within each individual foreign country at June 30, 2025 and March 31, 2025 is listed below (in thousands):June 30, 2025March 31, 2025Thailand$221 $— Bulgaria13,853 14,435 Other90 90 Total tangible long-lived assets, net$14,164 $14,525 Total revenue, in and outside the United States, is summarized in the following table for the three months ended June 30, 2025 and June 30, 2024 (in thousands):

30

Three Months Ended June 30,20252024Operating Revenues:Overnight Air CargoUnited States$29,246 $29,543 Foreign1,343 840 Total Overnight Air Cargo30,589 30,383 Commercial Aircraft, Engines and PartsUnited States13,502 18,460 Foreign8,458 7,790 Total Commercial Aircraft, Engines and Parts21,960 26,250 Ground Support EquipmentUnited States14,693 5,798 Foreign377 1,556 Total Ground Support Equipment15,070 7,354 Digital SolutionsUnited States490 395 Foreign1,606 1,283 Total Digital Solutions2,096 1,678 Corporate and OtherUnited States1,136 728 Foreign19 18 Total Corporate and Other1,155 746 Total revenue$70,870 $66,411 

16.    Segment Information

Air T's 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 is the Chief Executive Officer. The Chief Executive Officer is ultimately responsible for significant capital allocation decisions and evaluating operating performance. In assessing performance for the Company's businesses, the chief operating decision maker ("CODM") reviews operating income and Adjusted EBITDA. Certain operating segments are aggregated into reportable segments.Effective as of the fourth quarter of fiscal year 2025, the Company renamed the ground support equipment segment to ground support equipment and renamed the commercial jet engines and parts segment to commercial aircraft, engines and parts to better align the descriptions of the segments with their activities.Additionally, the Company elected to separately disclose the digital solutions segment, as of the fourth quarter of fiscal year 2025, to align presentation in the financial statements