$AIRT
AIR T INC Stock $airt

$airt Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000035318423000095 Filed on August 11, 2023

Income Statement

Concept	2023 Q3	2023 Q2
Revenue	$78.97M	$71.43M
YoY Change	30.12%	40.44%
Cost Of Revenue	$64.14M	$57.33M
YoY Change	35.51%	53.34%
Gross Profit	$14.83M	$14.10M
YoY Change	11.04%	4.66%
Gross Profit Margin	18.78%	19.74%
Selling, General & Admin	$13.36M	$12.75M
YoY Change	25.28%	8.26%
% of Gross Profit	90.09%	90.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$700.0K	$690.0K
YoY Change	-31.84%	-19.86%
% of Gross Profit	4.72%	4.89%
Operating Expenses	$78.21M	$70.77M
YoY Change	29.25%	41.47%
Operating Profit	$761.0K	$658.0K
YoY Change	325.14%	-21.1%
Interest Expense	$1.853M	$1.808M
YoY Change	-7.16%	-0.77%
% of Operating Profit	243.5%	274.77%
Other Income/Expense, Net	-$1.882M	-$474.0K
YoY Change	-9.82%	-67.17%
Pretax Income	-$1.121M	$184.0K
YoY Change	-41.25%	-130.16%
Income Tax	$500.0K	$200.0K
% Of Pretax Income		108.7%
Net Earnings	-$1.609M	-$531.0K
YoY Change	30.6%	-62.94%
Net Earnings / Revenue	-2.04%	-0.74%
Basic Earnings Per Share	-$0.57	-$0.19
Diluted Earnings Per Share	-$0.57	-$0.19
COMMON SHARES
Basic Shares Outstanding	2.818M shares	2.818M shares
Diluted Shares Outstanding	2.820M shares	2.818M shares

Balance Sheet

Concept	2023 Q3	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$5.000M	$6.024M
YoY Change	-36.38%	-25.5%
Cash & Equivalents	$4.999M	$5.659M
Short-Term Investments		$365.0K
Other Short-Term Assets	$11.90M	$10.19M
YoY Change	-29.65%	-36.63%
Inventory	$54.46M	$64.41M
Prepaid Expenses
Receivables	$26.59M	$32.00M
Other Receivables	$300.0K	$223.0K
Total Short-Term Assets	$98.27M	$112.8M
YoY Change	-32.94%	-17.71%
LONG-TERM ASSETS
Property, Plant & Equipment	$21.15M	$21.49M
YoY Change	-0.88%	1.06%
Goodwill	$10.50M	$10.60M
YoY Change	3.96%	2.91%
Intangibles	$11.36M	$11.83M
YoY Change	5.95%	0.38%
Long-Term Investments	$14.18M	$13.95M
YoY Change	22.67%	25.84%
Other Assets	$4.277M	$4.365M
YoY Change	-1.9%	25.43%
Total Long-Term Assets	$73.50M	$74.35M
YoY Change	-7.43%	-2.25%
TOTAL ASSETS
Total Short-Term Assets	$98.27M	$112.8M
Total Long-Term Assets	$73.50M	$74.35M
Total Assets	$171.8M	$187.2M
YoY Change	-23.97%	-12.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$12.44M	$10.58M
YoY Change	-6.08%	-4.14%
Accrued Expenses	$12.30M	$14.64M
YoY Change	-9.71%	2.96%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$23.90M	$22.72M
YoY Change	-46.54%	771.54%
Total Short-Term Liabilities	$50.76M	$49.78M
YoY Change	-30.63%	69.25%
LONG-TERM LIABILITIES
Long-Term Debt	$84.20M	$98.54M
YoY Change	-22.02%	-28.38%
Other Long-Term Liabilities	$0.00	$47.00K
YoY Change	-100.0%	-95.97%
Total Long-Term Liabilities	$0.00	$47.00K
YoY Change	-100.0%	-95.97%
TOTAL LIABILITIES
Total Short-Term Liabilities	$50.76M	$49.78M
Total Long-Term Liabilities	$0.00	$47.00K
Total Liabilities	$148.5M	$162.0M
YoY Change	-22.54%	-8.82%
SHAREHOLDERS EQUITY
Retained Earnings	$12.09M	$13.29M
YoY Change	-51.25%	-49.32%
Common Stock	$758.0K	$757.0K
YoY Change	0.13%	0.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$9.904M	$11.34M
YoY Change
Total Liabilities & Shareholders Equity	$171.8M	$187.2M
YoY Change	-23.97%	-12.2%

Cashflow Statement

Concept	2023 Q3	2023 Q2
OPERATING ACTIVITIES
Net Income	-$1.609M	-$531.0K
YoY Change	30.6%	-62.94%
Depreciation, Depletion And Amortization	$700.0K	$690.0K
YoY Change	-31.84%	-19.86%
Cash From Operating Activities	$12.42M	$3.484M
YoY Change	-208.8%	-237.65%
INVESTING ACTIVITIES
Capital Expenditures	$160.0K	$404.0K
YoY Change	-138.1%	15.1%
Acquisitions
YoY Change
Other Investing Activities	$330.0K	-$800.0K
YoY Change	-211.49%	318.85%
Cash From Investing Activities	$180.0K	-$21.00K
YoY Change	-125.14%	-98.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net		$1.261M
YoY Change		50.84%
Cash From Financing Activities	-13.15M	-$4.076M
YoY Change	-207.93%	-189.13%
NET CHANGE
Cash From Operating Activities	12.42M	$3.484M
Cash From Investing Activities	180.0K	-$21.00K
Cash From Financing Activities	-13.15M	-$4.076M
Net Change In Cash	-550.0K	-$669.0K
YoY Change	-1137.74%	-157.92%
FREE CASH FLOW
Cash From Operating Activities	$12.42M	$3.484M
Capital Expenditures	$160.0K	$404.0K
Free Cash Flow	$12.26M	$3.080M
YoY Change	-211.51%	-206.87%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	12754000	usd
CY2022Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	11779000	usd
CY2023Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	690000	usd
CY2022Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	861000	usd
CY2023Q2	us-gaap	Operating Expenses OperatingExpenses	70773000	usd
CY2022Q2	us-gaap	Operating Expenses OperatingExpenses	50028000	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	658000	usd
CY2022Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	834000	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	1808000	usd
CY2022Q2	us-gaap	Interest Expense InterestExpense	1822000	usd
CY2023Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	691000	usd
CY2022Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	532000	usd
CY2023Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	643000	usd
CY2022Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-154000	usd
CY2023Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-474000	usd
CY2022Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1444000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	184000	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-610000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	211000	usd
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	192000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	-27000	usd
CY2022Q2	us-gaap	Profit Loss ProfitLoss	-802000	usd
CY2023Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	504000	usd
CY2022Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	631000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-531000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-1433000	usd
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.19
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.50
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.19
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.50
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2818000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2866000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2818000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2866000	shares
CY2023Q2	us-gaap	Profit Loss ProfitLoss	-27000	usd
CY2022Q2	us-gaap	Profit Loss ProfitLoss	-802000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-65000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-529000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax	24000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax	475000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	192000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-17000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-233000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-37000	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-260000	usd
CY2022Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-839000	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	504000	usd
CY2022Q2	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	631000	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-764000	usd
CY2022Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1470000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	5659000	usd
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	5806000	usd
CY2023Q2	us-gaap	Marketable Securities Current MarketableSecuritiesCurrent	365000	usd
CY2023Q1	us-gaap	Marketable Securities Current MarketableSecuritiesCurrent	0	usd
CY2023Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	762000	usd
CY2023Q1	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	1284000	usd
CY2023Q2	us-gaap	Restricted Investments Current RestrictedInvestmentsCurrent	1634000	usd
CY2023Q1	us-gaap	Restricted Investments Current RestrictedInvestmentsCurrent	2161000	usd
CY2023Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	1295000	usd
CY2023Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	1160000	usd
CY2023Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	32004000	usd
CY2023Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	27218000	usd
CY2023Q2	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	223000	usd
CY2023Q1	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	536000	usd
CY2023Q2	airt	Employee Retention Credit Receivable Cares Act EmployeeRetentionCreditReceivableCARESAct	0	usd
CY2023Q1	airt	Employee Retention Credit Receivable Cares Act EmployeeRetentionCreditReceivableCARESAct	940000	usd
CY2023Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	7793000	usd
CY2023Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	7487000	usd
CY2023Q2	us-gaap	Assets Current AssetsCurrent	112846000	usd
CY2023Q1	us-gaap	Assets Current AssetsCurrent	116557000	usd
CY2023Q2	us-gaap	Finance Lease Right Of Use Asset Accumulated Amortization FinanceLeaseRightOfUseAssetAccumulatedAmortization	38000	usd
CY2023Q1	us-gaap	Finance Lease Right Of Use Asset Accumulated Amortization FinanceLeaseRightOfUseAssetAccumulatedAmortization	223000	usd
CY2023Q2	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	16000	usd
CY2023Q1	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	83000	usd
CY2023Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	6946000	usd
CY2023Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	6624000	usd
CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	21488000	usd
CY2023Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	21439000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	4493000	usd
CY2023Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	4191000	usd
CY2023Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	11834000	usd
CY2023Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	12103000	usd
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	12133000	usd
CY2023Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	11666000	usd
CY2023Q2	us-gaap	Equity Method Investments EquityMethodInvestments	13954000	usd
CY2023Q1	us-gaap	Equity Method Investments EquityMethodInvestments	13230000	usd
CY2023Q2	us-gaap	Goodwill Goodwill	10560000	usd
CY2023Q1	us-gaap	Goodwill Goodwill	10563000	usd
CY2023Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	4365000	usd
CY2023Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	3921000	usd
CY2023Q2	us-gaap	Assets Assets	187196000	usd
CY2023Q1	us-gaap	Assets Assets	189562000	usd
CY2023Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	10580000	usd
CY2023Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	10449000	usd
CY2023Q2	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	0	usd
CY2023Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	304000	usd
CY2023Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	14643000	usd
CY2023Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	13133000	usd
CY2023Q2	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	22721000	usd
CY2023Q1	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	38736000	usd
CY2023Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1832000	usd
CY2023Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1664000	usd
CY2023Q2	us-gaap	Liabilities Current LiabilitiesCurrent	49776000	usd
CY2023Q1	us-gaap	Liabilities Current LiabilitiesCurrent	64286000	usd
CY2023Q2	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	98537000	usd
CY2023Q1	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	86349000	usd
CY2023Q2	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	2581000	usd
CY2023Q1	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	2417000	usd
CY2023Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	11011000	usd
CY2023Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	10771000	usd
CY2023Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	47000	usd
CY2023Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	47000	usd
CY2023Q2	us-gaap	Liabilities Liabilities	161952000	usd
CY2023Q1	us-gaap	Liabilities Liabilities	163870000	usd
CY2023Q2	us-gaap	Redeemable Noncontrolling Interest Equity Carrying Amount RedeemableNoncontrollingInterestEquityCarryingAmount	12837000	usd
CY2023Q1	us-gaap	Redeemable Noncontrolling Interest Equity Carrying Amount RedeemableNoncontrollingInterestEquityCarryingAmount	12710000	usd
CY2023Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1.00
CY2023Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1.00
CY2023Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	2000000	shares
CY2023Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	2000000	shares
CY2023Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2023Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2023Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	404000	usd
CY2022Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	351000	usd
CY2023Q2	airt	Payments Related To Assets On Lease PaymentsRelatedToAssetsOnLease	0	usd
CY2022Q2	airt	Payments Related To Assets On Lease PaymentsRelatedToAssetsOnLease	20000	usd
CY2023Q2	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-800000	usd
CY2022Q2	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-191000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-21000	usd
CY2022Q2	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1060000	usd
CY2023Q2	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	34186000	usd
CY2023Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.25
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.25
CY2023Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	4000000	shares
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	4000000	shares
CY2023Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	3026495	shares
CY2023Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	3026495	shares
CY2023Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2817754	shares
CY2023Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2818374	shares
CY2023Q2	us-gaap	Common Stock Value CommonStockValue	757000	usd
CY2023Q1	us-gaap	Common Stock Value CommonStockValue	757000	usd
CY2023Q2	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	208741	shares
CY2023Q2	airt	Treasury Stock Average Price Per Share TreasuryStockAveragePricePerShare	19.63
CY2023Q1	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	208121	shares
CY2023Q1	airt	Treasury Stock Average Price Per Share TreasuryStockAveragePricePerShare	19.62
CY2023Q2	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	4098000	usd
CY2023Q1	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	4083000	usd
CY2023Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	807000	usd
CY2023Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	728000	usd
CY2023Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	13289000	usd
CY2023Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	13686000	usd
CY2023Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	583000	usd
CY2023Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	816000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	11338000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	11904000	usd
CY2023Q2	us-gaap	Minority Interest MinorityInterest	1069000	usd
CY2023Q1	us-gaap	Minority Interest MinorityInterest	1078000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	12407000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	12982000	usd
CY2023Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	187196000	usd
CY2023Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	189562000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	-27000	usd
CY2022Q2	us-gaap	Profit Loss ProfitLoss	-802000	usd
CY2023Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	690000	usd
CY2022Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	861000	usd
CY2023Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	691000	usd
CY2022Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	532000	usd
CY2023Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-479000	usd
CY2022Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-272000	usd
CY2023Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	4921000	usd
CY2022Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-3718000	usd
CY2023Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-6751000	usd
CY2022Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	7844000	usd
CY2023Q2	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	131000	usd
CY2022Q2	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1640000	usd
CY2023Q2	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	1424000	usd
CY2022Q2	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	700000	usd
CY2023Q2	airt	Increase Decrease Employee Retention Credit Receivable IncreaseDecreaseEmployeeRetentionCreditReceivable	-940000	usd
CY2022Q2	airt	Increase Decrease Employee Retention Credit Receivable IncreaseDecreaseEmployeeRetentionCreditReceivable	-1449000	usd
CY2023Q2	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	1292000	usd
CY2022Q2	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	1993000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	3484000	usd
CY2022Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2531000	usd
CY2023Q2	us-gaap	Payments To Acquire Interest In Subsidiaries And Affiliates PaymentsToAcquireInterestInSubsidiariesAndAffiliates	417000	usd
CY2022Q2	us-gaap	Payments To Acquire Interest In Subsidiaries And Affiliates PaymentsToAcquireInterestInSubsidiariesAndAffiliates	880000	usd
CY2022Q2	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	29839000	usd
CY2023Q2	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	36820000	usd
CY2022Q2	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	30583000	usd
CY2023Q2	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	usd
CY2022Q2	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	6177000	usd
CY2023Q2	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1261000	usd
CY2022Q2	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	836000	usd
CY2023Q2	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-181000	usd
CY2022Q2	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-24000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-4076000	usd
CY2022Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	4573000	usd
CY2023Q2	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-56000	usd
CY2022Q2	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	173000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-669000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	1155000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	7090000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	8368000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6421000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	9523000	usd
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	25717000	usd
CY2022Q2	us-gaap	Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest	-1439000	usd
CY2022Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	79000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-529000	usd
CY2022Q2	us-gaap	Net Income Loss Attributable To Redeemable Noncontrolling Interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest	-926000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax	475000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-17000	usd
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	25246000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	12982000	usd
CY2023Q2	us-gaap	Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest	-540000	usd
CY2023Q2	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	15000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	79000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-65000	usd
CY2023Q2	us-gaap	Net Income Loss Attributable To Redeemable Noncontrolling Interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest	-134000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax	24000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	192000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	12407000	usd
CY2023Q2	us-gaap	Revenues Revenues	71431000	usd
CY2022Q2	us-gaap	Revenues Revenues	50862000	usd
CY2023Q2	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	6315000	usd
CY2023Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	5000000	usd
CY2023Q2	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	2078000	usd
CY2023Q2	us-gaap	Accrued Employee Benefits Current AccruedEmployeeBenefitsCurrent	6351000	usd
CY2023Q1	us-gaap	Accrued Employee Benefits Current AccruedEmployeeBenefitsCurrent	4748000	usd
CY2023Q2	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	768000	usd
CY2023Q1	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	1672000	usd
CY2023Q2	us-gaap	Deposits Deposits	2871000	usd
CY2023Q1	us-gaap	Deposits Deposits	2560000	usd
CY2023Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	4653000	usd
CY2023Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	4153000	usd
CY2023Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	14643000	usd
CY2023Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	13133000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	200000	usd
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	1.147
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	200000	usd
CY2022Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.315
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	1024000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	976000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	969000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	5639000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	11777000	usd
CY2023Q1	us-gaap	Goodwill Goodwill	10600000	usd
CY2023Q2	us-gaap	Goodwill Goodwill	10600000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	-27000	usd
CY2022Q2	us-gaap	Profit Loss ProfitLoss	-802000	usd
CY2023Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	504000	usd
CY2022Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	631000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-531000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-1433000	usd
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.19
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.50
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.19
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.50
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	5000	shares
CY2022Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	7000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2818000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2866000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2818000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2866000	shares
CY2023Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	16270000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	4493000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	11777000	usd
CY2023Q2	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	57000	usd
CY2023Q2	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	57000	usd
CY2023Q2	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	16327000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	4493000	usd
CY2023Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	11834000	usd
CY2023Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	16254000	usd
CY2023Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	4191000	usd
CY2023Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	12063000	usd
CY2023Q1	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	40000	usd
CY2023Q1	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	40000	usd
CY2023Q1	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	16294000	usd
CY2023Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	4191000	usd
CY2023Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	12103000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	920000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	1166000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	1083000	usd
CY2022Q1	us-gaap	Derivative Loss On Derivative DerivativeLossOnDerivative	100000	usd
CY2023Q2	airt	Whole Engines Available For Lease Or Tear Down WholeEnginesAvailableForLeaseOrTearDown	9459000	usd
CY2023Q1	airt	Whole Engines Available For Lease Or Tear Down WholeEnginesAvailableForLeaseOrTearDown	10141000	usd
CY2023Q1	airt	Commercial Jet Engines Parts CommercialJetEnginesParts	50813000	usd
CY2023Q1	us-gaap	Inventory Gross InventoryGross	74738000	usd
CY2023Q1	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	3613000	usd
CY2023Q1	us-gaap	Inventory Net InventoryNet	71125000	usd
CY2023Q1	us-gaap	Long Term Debt LongTermDebt	125085000	usd
CY2022Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	491000	usd
CY2022Q2	us-gaap	Short Term Lease Cost ShortTermLeaseCost	185000	usd
CY2022Q2	us-gaap	Variable Lease Cost VariableLeaseCost	136000	usd
CY2022Q2	us-gaap	Lease Cost LeaseCost	812000	usd
CY2023Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	11666000	usd
CY2023Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	12435000	usd
CY2023Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P12Y11M
CY2023Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0499
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	1843000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	2297000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	2011000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	1859000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	1387000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	750000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	8227000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	18374000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	4607000	usd
CY2023Q2	airt	Lessee Operating Lease Liability Discounted Excess Amount LesseeOperatingLeaseLiabilityDiscountedExcessAmount	924000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	12843000	usd
CY2023Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	122021000	usd
CY2023Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	125914000	usd
CY2023Q2	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	763000	usd
CY2023Q1	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	829000	usd
CY2023Q2	us-gaap	Long Term Debt LongTermDebt	121258000	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	22721000	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	24499000	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	26160000	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	6476000	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	2877000	usd
CY2023Q2	airt	Long Term Debt Maturity After Year Four LongTermDebtMaturityAfterYearFour	39288000	usd
CY2023Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	122021000	usd
CY2023Q2	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	763000	usd
CY2023Q2	us-gaap	Long Term Debt LongTermDebt	121258000	usd
CY2014Q2	us-gaap	Stock Repurchase Program Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased	750000	shares
CY2019Q2	us-gaap	Stock Repurchase Program Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased	1125000	shares
CY2023Q2	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	620	shares
CY2023Q2	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	15000	usd
CY2023Q2	us-gaap	Noncurrent Assets NoncurrentAssets	21504000	usd
CY2023Q1	us-gaap	Noncurrent Assets NoncurrentAssets	21522000	usd
CY2023Q2	us-gaap	Revenues Revenues	71431000	usd
CY2022Q2	us-gaap	Revenues Revenues	50862000	usd
CY2023Q2	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	4	segment
CY2023Q2	us-gaap	Revenues Revenues	71431000	usd
CY2022Q2	us-gaap	Revenues Revenues	50862000	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	658000	usd
CY2022Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	834000	usd
CY2023Q2	airt	Capital Expenditures CapitalExpenditures	404000	usd
CY2022Q2	airt	Capital Expenditures CapitalExpenditures	371000	usd
CY2023Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	690000	usd
CY2022Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	861000	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	658000	usd
CY2023Q2	airt	Depreciation Depletion And Amortization Excluding Leases DepreciationDepletionAndAmortizationExcludingLeases	690000	usd
CY2023Q2	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	6000	usd
CY2023Q2	us-gaap	General Insurance Expense GeneralInsuranceExpense	45000	usd
CY2023Q2	airt	Adjusted Ebitda AdjustedEBITDA	1387000	usd
CY2022Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	834000	usd
CY2022Q2	airt	Depreciation Depletion And Amortization Excluding Leases DepreciationDepletionAndAmortizationExcludingLeases	605000	usd
CY2022Q2	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	2000	usd
CY2022Q2	us-gaap	General Insurance Expense GeneralInsuranceExpense	15000	usd
CY2022Q2	airt	Adjusted Ebitda AdjustedEBITDA	1452000	usd
CY2023Q2	us-gaap	Minority Interest Change In Redemption Value MinorityInterestChangeInRedemptionValue	7000	usd
CY2023Q2	airt	Redeemable Noncontrolling Interest Equity Net Change In Fair Value RedeemableNoncontrollingInterestEquityNetChangeInFairValue	-100000	usd
CY2023Q2	us-gaap	Net Income Loss Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossAttributableToNonredeemableNoncontrollingInterest	200000	usd
CY2023Q2	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	100000	usd
CY2021Q2	airt	Number Of Classes Of Equity Interests NumberOfClassesOfEquityInterests	2	interest
CY2023Q2	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	1000000	usd
CY2023Q2	airt	Number Of Dates NumberOfDates	3	anniversary
CY2023Q2	airt	Number Of Years After Execution Of Agreement NumberOfYearsAfterExecutionOfAgreement	P5Y
CY2023Q2	airt	Number Of Installments After Exercise NumberOfInstallmentsAfterExercise	3	installment
CY2023Q2	airt	Cumulative Share Based Compensation Expense CumulativeShareBasedCompensationExpense	79000	usd
CY2023Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q2	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2023Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2023Q2	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
0000353184-23-000095-index-headers.html	Edgar Link	pending
0000353184-23-000095-index.html	Edgar Link	pending
0000353184-23-000095.txt	Edgar Link	pending
0000353184-23-000095-xbrl.zip	Edgar Link	pending
airt-20230630.htm	Edgar Link	pending
airt-20230630.xsd	Edgar Link	pending
airt-20230630xex311.htm	Edgar Link	pending
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$AIRT
AIR T INC Stock $airt

2023 Q3 Form 10-Q Financial Statement

#000035318423000095 Filed on August 11, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AIRT AIR T INC Stock $airt

2023 Q3 Form 10-Q Financial Statement

#000035318423000095 Filed on August 11, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AIRT
AIR T INC Stock $airt