Company: AIRTP
Filing Date: 2025-08-12
Form Type: 10-K/A
Source: 0000353184-25-000069
Chunk: 125

Company: AIR T INC
Filing Date: 2025-08-12
Form: 10-K/A
Chunk 125
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 develops and provides digital aviation and other business services to customers within the aviation industry to generate recurring subscription revenues. Digital solutions has historically been reported as part of the central corporate function referred to as Corporate and Other.                                                                                                                      |

The information that follows shows data of Air T's reportable segments reconciled to amounts reflected in our Consolidated Financial Statements. Intersegment eliminations are included to reconcile segment totals to consolidated amounts.

The cost and expense information presented below is based on the information regularly provided to the CODM. Further, asset information is not included in the information regularly provided to the CODM as they are not a key determining factor in the performance of the Company's reportable segments.

The Company 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):

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|                                       |     | Year ended March 31, 2025 |         |     |                                        |         |     |                          |        |     |                   |        |     |       |         |
|:--------------------------------------|:----|:--------------------------|--------:|:----|:---------------------------------------|--------:|:----|:-------------------------|-------:|:----|:------------------|-------:|:----|:------|--------:|
|                                       |     | Overnight Air Cargo       |         |     | Commercial Aircraft, Engines and Parts |         |     | Ground Support Equipment |        |     | Digital Solutions |        |     | Total |         |
| Revenue from external customers       |     | $                         | 124,031 |     | $                                      | 118,215 |     | $                        | 38,940 |     | $                 |  7,268 |     | $     | 288,454 |
| Intersegment revenue                  |     |                           |     880 |     |                                        |   1,197 |     |                          |      — |     |                   |      — |     |       |   2,077 |
|                                       |     |                           | 124,911 |     |                                        | 119,412 |     |                          | 38,940 |     |                   |  7,268 |     |       | 290,531 |
| Reconciliation of revenue             |     |                           |