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Air T Inc
Air T, Inc. (AIRT) is a publicly-traded company listed on the NASDAQ stock exchange under the ticker symbol AIRT. The company is a holding company that operates through its subsidiaries, which provide overnight air cargo, ground support equipment, and flight services to the aviation industry.
Here are some key details about Air T, Inc.:
1. Background: Air T, Inc. was founded in 1980 as a provider of air cargo services. Over the years, the company has expanded its services to include ground support equipment and flight services.
2. Overnight Air Cargo: Air T, Inc. operates an overnight air cargo service that provides express cargo services to the aviation industry. The company's air cargo services include the transportation of high-priority packages, documents, and freight.
3. Ground Support Equipment: The company provides ground support equipment (GSE) such as aviation maintenance and servicing equipment, de-icing equipment, and aircraft ground-handling equipment.
4. Flight Services: Air T, Inc. offers flight services such as aircraft management, charter services, and maintenance services.
5. Subsidiaries: Air T, Inc. operates through its subsidiaries, including Air Transport International, Inc., Capital Cargo International Airlines, Inc., and Mountain Air Cargo, Inc.
6. Fleet: The company operates a fleet of aircraft, including Boeing 757s, Boeing 767s, and Bombardier CRJ-200s.
7. Revenue: Air T, Inc. generated revenue of $243.1 million in 2020, representing a decrease of 15.2% from the previous year due to the impact of the COVID-1ers pandemic on the aviation industry.
8. Net Income: The company reported a net income of $10.2 million in 2020, compared to a net income of $18.6 million in 2019.
9. Employees: Air T, Inc. employs approximately 1,200 people.
10. Headquarters: The company's corporate headquarters is located in Denver, Colorado.
It is important to note that this information is subject to change and may not be up-to-date. It's always a good idea to consult the company's latest financial reports and news releases for the most current information. Additionally, the company's financial performance and market capitalization may have changed since the data was last updated.