Air T, Inc. (GXT)
XFRA 
NASDAQ (CM) Primary XFRA Summary
GXT Chart
Air T Gains Nearly 45% in Three Months: What's Driving the Stock?
AIRT is benefiting from Rex and Crestone expansion and digital growth, but aircraft availability and weakness in some aviation businesses remain challenges.
Air T Shareholders Approve Board, Pay and Deloitte as Rex Engine Constraints Persist
Air T NASDAQ: AIRT shareholders approved all matters presented at the company's 2026 annual meeting, including the election of five directors, an advisory vote on executive compensation and the ratification of Deloitte & Touche as its independent registered public accounting firm for fiscal 2027.
2 Micro-caps with Conglomerate-like Properties
AIRT and IDT act bigger than their size.
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Air T, Inc. Profile
| Air Freight & Logistics Industry | Industrials Sector | Nicholas John Swenson CEO | XFRA Exchange | 009207101 CUSIP |
| US Country | 1,666 Employees | 7 Jun 2019 Last Dividend | 16 May 1994 Last Split | 11 Jun 2019 IPO Date |
Overview
Air T, Inc., headquartered in Denver, North Carolina, operates as a diversified holding company with a global presence, primarily focusing on three main segments: Overnight Air Cargo, Ground Equipment Sales, and Commercial Aircraft, Engines, and Parts. Since its establishment in 1980, the company offers a broad range of services related to air express delivery, manufacturing and selling of ground equipment, and commercial jet engine and parts trading, leasing, and maintenance. Its clientele spans across various sectors, including passenger and cargo airlines, military, airports, and industrial customers, underlining its comprehensive reach in the aviation industry.
Products and Services
- Overnight Air Cargo
This segment of Air T, Inc. provides express air cargo delivery services. As a notable operation, the company manages a fleet of 85 aircraft on dry-lease agreements with FedEx as of March 31, 2023. This service is crucial for timely deliveries and logistics management.
- Ground Equipment Sales
Air T, Inc.'s Ground Equipment Sales segment specializes in the manufacture, sale, and servicing of a range of ground support and deicing equipment. This extensive product line includes aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, and glycol recovery vehicles, catering to passenger and cargo airlines, ground handling companies, the U.S. Air Force, airports, and various industrial customers. These products are essential for the maintenance of safety and efficiency in aviation operations.
- Commercial Aircraft, Engines, and Parts
Under this segment, Air T, Inc. offers a comprehensive suite of services and products for commercial aviation, including aircraft trading, leasing, parts sales and exchanges, and storage maintenance, along with disassembly and part-out services. The company also specializes in the procurement and consignment of aircraft parts, and it provides overhaul and repair services. Their expertise extends to aircraft instrumentation, avionics, and a wide range of electrical accessories for an array of aircraft types. Additionally, Air T, Inc. delivers composite aircraft structures and their corresponding repair and support services, demonstrating its wide-ranging capabilities in supporting commercial aviation operations.
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