• Air T posted revenue of $327.1 million, up 12% from the prior fiscal year; $55.3 million came from the Rex acquisition.
• Operating results swung to a loss of $11.2 million from operating income of $1.9 million a year earlier.
• Earnings before income taxes swung to $86 million from a loss of $5 million, including a $111.2 million non-cash bargain purchase gain.
• Net income per share swung to $28.85 from a net loss per share of $2.23, also reflecting the Rex bargain purchase gain.
• CEO Nick Swenson called fiscal 2026 a transformation year, citing the Rex deal and Crestone’s merger with Arena in early fiscal 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Air T Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000353184-26-000056), on June 29, 2026, and is solely responsible for the information contained therein.