Filing Flows › Air T (AIRT) › Q1 FY27
Air T (AIRT) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 14, 2026
Air T (AIRT) reported revenue of $115M for the first quarter fiscal 2027 (Q1 FY27), +63% from a year earlier and -5% from the quarter before. Operating margin was -11.1%, net loss $15.7M (13.6% of revenue).
Air T, Q1 FY27: revenue $115M (+63% year over year), operating margin -11.1%, net loss $15.7M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $115M | -5% | +63% |
| Operating profit | −$12.8M | — | -2976% |
| Net earnings | −$15.7M | -119% | — |
| Operating cash flow | −$2.8M | — | — |
What changed
Revenue was $115.5M in Q1 FY27, up 63% year over year and down 5% from the previous quarter. Regional airline was the largest line at 48% of revenue. Digital solutions added $391K year over year (up 19%), 1% of the total change. Ground support equipment declined 76%.
Operating costs exceeded revenue by $12.8M, an operating margin of -11.1%. Total costs grew 83% against revenue growth of 63%. The fastest-growing cost line was General & admin (+97%). The quarter ended with a net loss of $15.7M, after a profit of $82.3M the previous quarter.
Operating cash flow was −$2.8M. Non-cash charges added back $9.9M of depreciation and amortization. Working capital and other items added $3.0M. Capital expenditures of $21.3M exceeded it, leaving free cash flow of −$24.2M.
Questions
What was Air T's revenue in the first quarter fiscal 2027?
Air T (AIRT) reported revenue of $115M for the first quarter fiscal 2027 (Q1 FY27), +63% from a year earlier and -5% from the quarter before.
Was Air T profitable in the first quarter fiscal 2027?
Operating loss was $12.8M (-11.1% of revenue) and net loss $15.7M.
Source: Air T 10-Q on SEC EDGAR.