Overview

* Air T ( AIRT ) fiscal Q2 revenue falls 21% yr/yr, reflecting decreased component sales at Contrail

* Operating income for fiscal Q2 rises to $5.5 mln, driven by improved segment performance

* Company plans acquisition of Rex Regional Airlines, pending court approval

Outlook

* Company did not provide specific guidance for future quarters or full year in press release

Result Drivers

* PARKED AIRCRAFT - Revenue in Overnight Air Cargo segment decreased due to increased parked aircraft affecting flight admin fees

* DEICING TRUCK SALES - Ground Support Equipment segment revenue fell due to fewer deicing truck sales, but improved margins boosted adjusted EBITDA

* COMPONENT SALES DECLINE - Commercial Aircraft, Engines and Parts segment revenue decreased due to lower component sales at Contrail

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $64.2

Revenue mln

Q2 EPS $1.61

Q2 $7.9 mln

Adjusted

EBITDA

Q2 $5.5 mln

Operatin

g Income

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)