Filing Flows › Air T (AIRT) › Q3 FY25
Air T (AIRT) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Feb 12, 2025
Air T (AIRT) reported revenue of $77.9M for the third quarter fiscal 2025 (Q3 FY25), +22% from a year earlier and -4% from the quarter before. Operating margin was 2.3%, net loss $1.2M (1.6% of revenue).
Air T, Q3 FY25: revenue $77.9M (+22% year over year), operating margin 2.3%, net loss $1.2M, operating cash flow $16.3M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $77.9M | -4% | +22% |
| Operating profit | $1.8M | — | — |
| Net earnings | −$1.2M | — | — |
| Operating cash flow | $16.3M | +457% | +125% |
| Free cash flow | $16.0M | +494% | +124% |
What changed
Revenue was $77.9M in Q3 FY25, up 22% year over year and down 4% from the previous quarter. Commercial jet engines and parts was the largest line at 42% of revenue. Commercial jet engines and parts added $8.5M year over year (up 35%), 61% of the total change.
Operating profit was $1.8M, a 2.3% margin (up 4.9 points year over year). Total costs grew 16% against revenue growth of 22%. The fastest-growing cost line was Other operating costs (+19%). The quarter ended with a net loss of $1.2M, after a profit of $3.0M the previous quarter. Net interest and other expense of $2.7M was the main reason.
Operating cash flow was $16.3M (up 125% year over year). Non-cash charges added back $1.3M of depreciation and amortization. Working capital and other items added $16.2M. Capital expenditures of $351K left free cash flow of $16.0M.
Questions
What was Air T's revenue in the third quarter fiscal 2025?
Air T (AIRT) reported revenue of $77.9M for the third quarter fiscal 2025 (Q3 FY25), +22% from a year earlier and -4% from the quarter before.
Was Air T profitable in the third quarter fiscal 2025?
Operating profit was $1.8M (2.3% of revenue) and net loss $1.2M.
Source: Air T 10-Q on SEC EDGAR.