Air T (AIRT)
Operates a decentralized aviation portfolio anchored by FedEx feeder cargo and aircraft services.
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Runs overnight cargo, ground-support equipment, aircraft, engine, parts and digital businesses through separately managed segments. Its overnight cargo operation is anchored by a longstanding FedEx relationship, while the portfolio now includes an Australian regional airline.
Combines overnight air cargo with ground-support equipment, commercial aircraft, engines and parts, and digital solutions. Separate management teams and infrastructures operate the reportable segments, reflecting an acquisition-expanded portfolio rather than a single operating line.
Overnight cargo is built on the relationship with FedEx, a customer since 1980. The segment’s agreements include termination provisions, so that customer relationship is a continuing operating dependency.
Wholly owned operators include Mountain Air Cargo and CSA Air in cargo, Global Ground Support in equipment, and companies such as Contrail and AirCo in commercial aviation. The December 2025 Rex acquisition added an Australian regional-airline operation.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $17.9M · Total debt $264.8M · Total assets $469.1M · Shareholders' equity $65.2M
- Revenue
- $115.5M
- Operating income
- −$9.2M
- Net income
- −$15.8M
No dividends on record.
| Institutions | 7.66% | 205.4K shares | |
|---|---|---|---|
| 15 holders · as of Jun 30, 2026 | |||
| Insiders | 50.26% | 1.35M shares | |
| 2 holders · as of Jan 22, 2026 | |||
| Strategic holders | 12.94% | 347.0K shares | |
| 1 holder · as of Feb 13, 2018 | |||
| Other | 29.14% | 781.6K shares | |
| remainder | |||
2.68M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Nicholas John Swenson1Insiderdirector, 10 percent owner, officer: CEO | 49.79% | 1.34M | filed Jan 22, 2026 |
FMR LLCStrategic | 12.94% | 346,971 | filed Feb 13, 2018 |
Renaissance Technologies LLCInstitution | 3.86% | 103,411 | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 1.58% | 42,419 | as of Jun 30, 2026 |
Morgan StanleyInstitution | 1.16% | 31,206 | as of Jun 30, 2026 |
- Nicholas John Swenson's transaction reports restate only vehicles that traded; the 2026 ownership statement (1.34M) is used instead.
Insider tradesForm 4
Nothing filed in the last 12 months.
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Air T | $31.53 | −0.22% | $85.9M | 1.4 | — | 0.2 | +62.9% |
| AAR | $117.75 | −0.04% | $4.64B | 23.9 | 20.5 | 1.4 | +23.0% |
| StandardAero | $22.78 | −0.09% | $7.61B | 23.6 | 13.7 | 1.2 | +4.6% |
| HEICO | $307.77 | −0.02% | $42.22B | 50.5 | 44.8 | 8.2 | +23.1% |
| VSE | $183.42 | 0.00% | $5.05B | 66.2 | 25.0 | 3.7 | +65.0% |
| Textron | $78.14 | +0.32% | $13.66B | 15.0 | 11.7 | 0.9 | +3.0% |
| Median | 23.9 | 20.5 | 1.4 | +23.0% |