Company: AIRTP
Filing Date: 2025-08-12
Form Type: 10-K/A
Source: 0000353184-25-000069
Chunk: 56

Company: AIR T INC
Filing Date: 2025-08-12
Form: 10-K/A
Chunk 56
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anticipated capital requirements, and match them to shifting customer service requirements and production volume levels;

• The Company's ability to meet debt service covenants and to refinance existing debt obligations;

• The risk of injury or other damage arising from accidents involving the Company’s overnight air cargo operations, equipment or parts sold and/or services provided;

• Market acceptance of the Company’s commercial and military equipment and services;

• Competition from other providers of similar equipment and services;

• Changes in government regulation and technology;

• Changes in the value of marketable securities held as investments;

• Mild winter weather conditions reducing the demand for deicing equipment;

• Market acceptance and operational success of the Company’s aircraft asset management business and related aircraft capital joint venture; and

• Despite our current indebtedness levels, we and our subsidiaries may still be able to incur substantially more debt, which could further exacerbate the risks associated with our substantial leverage.

A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. We are under no obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

### Results of Operations
Fiscal 2025 vs. 2024

Consolidated revenue increased by $5.0 million (2%) to $291.9 million for the fiscal year ended March 31, 2025 compared to the prior fiscal year. Following is a table detailing revenue for the Company's four segments and Corporate and other (after elimination of intercompany transactions), in thousands:

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|                                        |     | Year Ended March 31, |    2025 |     |   |    2024 |     | Change |        |     |    |   |
|:---------------------------------------|:----|:---------------------|--------:|:----|:--|--------:|:----|:-------|-------:|:----|---:|:--|
| Overnight Air Cargo                    |     | $                    | 124,031 |     | $ | 115,546 |     | $      |  8,485 |     |  7 | % |
| Ground Support Equipment               |     |                      |  38,940 |     |   |  37,168 |     |        |  1,772 |     |  5 | % |
| Commercial Aircraft, Engines and Parts