Aviation services provider Air T's Q2 revenue falls 21%

Reuters
Nov 13
Aviation services provider <a href="https://laohu8.com/S/AIRT">Air T</a>'s <a href="https://laohu8.com/S/QTWO">Q2</a> revenue falls 21%

Overview

  • Air T 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/Miss

Actual

Consensus Estimate

Q2 Revenue

$64.2 mln

Q2 EPS

$1.61

Q2 Adjusted EBITDA

$7.9 mln

Q2 Operating Income

$5.5 mln

Press Release: ID:nACSyFp1Ca

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10