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Air T reports $5.86 per-share loss in Q1 FY2027 as Rex acquisition drives revenue to $115.5 million

8/16/2026

Net loss per share of $5.86 for the quarter ended June 30, 2026, is the number Air T, Inc. (NASDAQ: AIRT) disclosed in a Friday 8-K.

That compares to a net loss of $0.61 per share a year earlier, a nearly tenfold widening.

Revenue of $115.5 million, up $44.6 million or 63% year over year, carries a substantial asterisk: $55.9 million of the total came from Regional Express Holdings Pty Ltd (Rex), the Australian regional airline Air T acquired on December 18, 2025, with no prior-year comparable period.

Revenue in, margin compressed Rex's first full quarter inside Air T produced $55.9 million across passenger fares, ancillary fees, freight, charter, and government subsidy income.