Air T Inc - Company Profile
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Air T Inc (Air T) is a holding company. The company carries out the business of overnight air cargo delivery services, selling ground equipment, and provides ground support services. The company through its subsidiaries provides overnight air cargo service to the express delivery industry and manufactures and supplies mobile deicers and other specialized equipment to passenger and cargo airlines, military and industrial customers, and airports. The company also provides maintenance services for ground support equipment and facilities, domestic aviation and airline services providers. The company operates cargo aircraft, including both single and twin-engine turbo-prop aircraft. Air T is headquartered in Charlotte, North Carolina, the US.
Headquarters
United States of America
Address
11020 David Taylor Drive, Suite 305, Charlotte, North Carolina, 28262
Website
www.airt.net
Telephone
1 980 5952840
No of Employees
584
Industry
Transport and Logistics
Ticker Symbol & Exchange
AIRT (NASD)
Revenue (2023)
$247.3M
39.7%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
-212.5%
(2023 vs 2022)
Market Cap*
$73.7M
Net Profit Margin (2023)
XYZ
-180.6%
(2023 vs 2022)
* As of and is in US$
Air T Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Aircraft Deicers | Contract Basis Package |
| Scissorr-type Lifts | Overnight Airfreight Delivery Services |
| Flight-line Tow Tractors | Airport Facility Maintenance Services |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Acquisitions/Mergers/Takeovers | In February, the company acquired Worldwide Aircraft Services Inc. |
| 2022 | Acquisitions/Mergers/Takeovers | In July, the company announced the formation of its subsidiary, Crestone Air Partners, Inc. |
| 2021 | Others | In May, the company announced the formation of a new aircraft asset management business namely, Contrail Asset Management. In addition, the company also formed a new aircraft capital joint venture called Contrail JV II LLC . |
Competitor Comparison
| Key Parameters | Air T Inc | Alaska Air Group Inc | Air Transport Services Group Inc | AAR Corp | Alpine Air Express Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Charlotte | Seattle | Wilmington | Wood Dale | Provo |
| State/Province | North Carolina | Washington | Ohio | Illinois | Utah |
| No. of Employees | 584 | 20,834 | 5,320 | 5,000 | 61 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Nick Swenson | President; Chief Executive Officer; Chairman | Executive Board | 2014 | 54 |
| Brian Ochocki | Treasurer; Chief Financial Officer | Senior Management | 2019 | 55 |
| Tracy Kennedy | Chief Accounting Officer | Senior Management | - | - |
| Mitch Pothen | Vice President - Technology | Senior Management | - | - |
| Mark Jundt | General Counsel | Senior Management | 2018 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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