AIR T. INC. DL-,25

Air T shareholders elected five directors, approved executive compensation and ratified Deloitte & Touche as auditor for fiscal 2027. Management said parts supply has mostly improved but limited MRO capacity for Rex Regional's engines is constraining availability, leaving 30 Saab 340 aircraft in service versus a commitment to operate more than 40 by December 2027. Air T will prioritize expanding aircraft asset-management via Crestone and Contrail rather than acquiring more regional carriers; Contrail's debt rose to $13.7 million after a teardown acquisition and a minority-interest redemption. » More on finance.yahoo.com

Air T reports Q1 (period ending 30.06.2026) revenue of USD 115.5m, up 63% year‑on‑year, and an operating loss of USD 12.8m. Adjusted EBITDA fell 45% to USD 0.8m; on a twelve‑month basis revenue was USD 371.7m (+25%) with an operating loss of USD 24.9m. The company attributes the losses primarily to transaction and integration costs from the acquisition of Arena/Crestone and to non‑cash fair‑value write‑downs of the Rex fleet; after the acquisition Air T holds 83.9% of Crestone and closed the quarter with USD 21.7m in cash plus USD 42.4m in available credit lines. » More on de.investing.com

Air T has extended the employment contract of CFO Tracy Kennedy to February 27, 2026, and set new compensation and incentive structures. Kennedy will receive an annual base salary of $331,000, rising to $360,000 in 2027 and $397,000 in 2028, as well as a quarterly bonus program tiered by performance assessments. The contract includes standard benefits, four weeks of annual leave, non-compete and confidentiality clauses, and severance provisions in the event of termination without notice by the company. » More on de.investing.com