Company: AIRTP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0000353184-25-000126
Chunk: 59

Company: AIR T INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 59
---
) income— (61)— — (61)(81)142 — Operating income (loss)1,615 6,777 1,619 (278)9,733 (4,367)142 5,508 Three Months Ended September 30, 2024Overnight Air CargoCommercial Aircraft, Engines and PartsGround Support EquipmentDigital SolutionsReportable Segment TotalCorporate and OtherEliminationsTotalOperating income (loss) from external sources$1,808 $3,372 $418 $(211)$5,387 $(1,767)$— $3,620 Intersegment operating (loss) income(7)(178)— — (185)(59)244 — Operating income (loss)1,801 3,194 418 (211)5,202 (1,826)244 3,620 Six Months Ended September 30, 2025(in thousands)Overnight Air CargoCommercial Aircraft, Engines and PartsGround Support EquipmentDigital SolutionsReportable Segment TotalCorporate and OtherEliminationsTotalOperating income (loss) from external sources$3,081 $7,790 $2,957 $(527)$13,301 $(6,947)$— $6,354 Intersegment operating (loss) income— (156)— — (156)(130)286 — Operating income (loss)3,081 7,634 2,957 (527)13,145 (7,077)286 6,354 Six Months Ended September 30, 2024Overnight Air CargoCommercial Aircraft, Engines and PartsGround Support EquipmentDigital SolutionsReportable Segment TotalCorporate and OtherEliminationsTotalOperating income (loss) from external sources$3,644 $4,696 $(357)$(674)$7,309 $(4,247)$— $3,062 Intersegment operating (loss) income(14)(226)— — (240)(96)336 — Operating income (loss)3,630 4,470 (357)(674)7,069 (4,343)336 3,062 

36

18.    Commitments and Contingencies

Put/Call Options and EarnoutContrail entered into an Operating Agreement (the “Contrail Operating Agreement”) in connection with the acquisition of Contrail providing for the governance of and the terms of membership